Monday, July 3, 2017


Dear readers, currently, ComfortDelgro stock is trading at $2.30, its 52-weeks low. Based on its RSI, the stock is currently oversold. Fundamentals-wise, ComfortDelgro is trading at 4.48% dividends yield, with a Price-to-Book ratio of 1.9 and a Price-to-Earnings ratio of 15.232. The consensus price on the SGX website for ComfortDelgro stock is $2.82, suggesting a more than 20% potential capital return.
Technically, I see no sign of rebound for ComfortDelgo for the moment. Bearish stock candlesticks, interspersed with dojis means that there are sellers and that there is indecision on the markets. The downtrend started with a 5.2% drop in ComfortDelgro’s stock price on 15 May 2017. I am not really into this stock but I believe the rise of private hires like Uber will definitely have a bearing on ComfortDelgro’s stock price. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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