ComfortDelgro – [ Are You Riding The Recovery Wave? What Else is Causing A Spike? ]

16th August, 2021, 4:04 PM

ComfortDelgro – [ Are You Riding The Recovery Wave? What Else is Causing A Spike? ]

Just last Friday Evening ( 13th Aug) ComfortDelgro reported its earnings of $91 million, versus a net loss of $6.6 million the previous year. Revenue in the same period was up 13.6% y-o-y to $1.74 billion, with growth seen across its various segments ranging from taxis to bus operations.

The pandemic took a toll on many sectors like transport, hospitality , retail reits but as we continue to adapt these stocks are slowly coming back. With Singapore vaccine rate at 75% now, more and more areas are being open up and our economy is starting to get back on track.

Not only that, ComfortDelgro is seeking an IPO listing in Australia for its Australian subsidiary which also gave the stock price a boost hitting our first target price in just 2 trading days. Where to now? From the chart below , our resistance is drawn at $1.71 then 1.76, will update more if those targets are hit. Volume is one of the biggest for the past few months and this might help sustain an up move in the coming days.

ComfortDelgro 16th Aug2021

Chart Source: AdvisorXs 16th Aug 2021

ComfortDelgro as been kind to us for the last few months as we caught a nice up wave for it.

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Comfort Delgro – [Shifting Gears! Accelerating Forward With Vaccine Rollout]

5th April, 2021, 6:18 PM

Comfort Delgro – [Shifting Gears! Accelerating Forward With Vaccine Rollout]

Chart Source: Poemsview 5th April 2021

🚘Comfort Delgro has been steadily moving up ever since it crossed its 20ema. With vaccine roll out in UK, Singapore and Australia and more people going back to office the demand for taxis should see an uptick. With Singapore now allowing more workers to return to office and no longer have work from home as the default, this would mean more travel to the office and with that a pick up in transportation rides.

It was back in Feb when Comfort Delgro broke above the 20ema catching our attention and they say the rest is history. A nice 10% upside can be seen when Comfort hits $1.80.🚀🚀

In fact we spotted another re-entry as it consolidated around the $1.70 level and broke out! A nice 5% upside seen just within a week since our alert to our EXCLUSIVE CLIENTS at $1.72.  Interest is building up as we can see volume picking up for this counter. A push towards the $1.89 level could be on the cards as the recovery theme continues to be in play.

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Yours

Humbly

Kelwin&Roy