Comfort Delgro

It’s All About Recovery Play Today

Kelwin & Roy Comfort Delgro , , , , , , , ,
24th March, 2022, 7:51 PM

It’s All About Recovery Play Today

It was a good day out in our Singapore market as Prime Minister Lee highlighted a few new measures with regards to adapting and living with Covid-19. Group sizes doubled to 10 and less testing for boarders as Singapore continues to open up. Also, more are encouraged to start returning back to office.

With these new relaxed measures, we saw recovery stocks came into full force. Stocks like ComfortDelgro, SATS, SIA Engineering all came roaring back to life! SATS made it to the top gainer under the STI component.

So what’s next? What are some of the targets we have for some of these stocks? Let’s start with ComfortDelgro first.

 

As govt encourages up to 75% of the employee to return back to office, this would have an increase demand in transport services. Trains, taxi, private hirers would see an increase in demand in the coming weeks. For Comfortdelgro, we might see if move towards $1.55 as it looks to break that $1.50 resistance. The mid term target is $1.58 which is around that gap resistance too. An Alert was sent to our clients on 16th March when Comfort was trading at $1.40.

SATS

SATS saw a nice upswing of 5% just today enabling us to hit our first upside target of $4.10. We’re just 1 cent shy of our second target which we believe it’ll hit very soon! As air and sea travel continue to open up , SATS would be a beneficiary of these opening up. $4.29 and $4.41 are the eventual targets we’re looking at.

SIA Engineering

SIA Engineering is another stock we spotted and alerted our active traders just THIS MORNING! It manage to hit our first target of $2.32 and with an increased in volume today we might see the momentum carry on for alittle while more. Next upside target we’re looking at is $2.39 then $2.46.

While there are other recovery stocks like SIA, SBS and hospitality stocks like Ascott Trust, FraserHospitality. But of course we’ll have to be selective about the stocks we choose as there is not much point in sending everything and clients not being able to take action on any. So with our stringent criteria, the above are the few which we have selected for our clients.

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Yours

Humbly

Kelwin&Roy

 

 

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

Kelwin & Roy Comfort Delgro , , , , , , , , , ,
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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Yours

Humbly

Kelwin&Roy

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

Kelwin & Roy Comfort Delgro , , , , , , , ,
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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See you onboard soon!

Yours

Humbly

Kelwin&Roy