Wolf Money(ComfortDelGro Ltd)

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The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer.

I bought back a much reduced position in ComfortDelGro. They will be reporting 1H results in about a week. I am taking a small wager on the company’s upcoming result. As followers of my blog know, my position is flexible and could be changed over time due to market circumstances. A large part is dependent upon the company producing good result. My only concern is the company can’t derive the synergy and cost-savings benefits which they claimed during their $750m acquisitions last year. I have no pre-conceived notion whether a good or bad result will be forthcoming. The upcoming results will be a big test for the acquisition prowess of the management. I always have a soft spot for our public transport operator. Support can be seen at $1.50 to $1.51 level.

(Full disclosure for this trade only. Just in case, someone suspect me of playing with Monopoly money)

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Disclaimers 

All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.


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