First stock of the year - CDG

On 10 jan, I bought 500 shares of CDG at $2.27. ComfortDelGro is a well known and essential company for many Singaporeans. We use their services almost every time we need to go out of our house and travel to another place. Most of their businesses are quite resilient except facing the challenge from companies like grab which hinder on the profits of the taxi segment.

Based on the latest third quarter results, so far profits for 2019 is less than 2018.  For 2018 full year eps is 14.01 cents and for the 3 quarters of 2019 is 9.99 cents. Overall, for the full year profits and eps I am expecting it to be lower than 2018.

I bought at $2.27 expecting to receive dividend yield of around 4 .5-7 percent if the dividend stays the same or decrease by a little. This is reference from the past 3 years of dividend rate. ComfortDelGro has a very good track record of increasing dividend for many years.

If the share price continues to drop I might buy more.

Based on the group’s outlook that were published in the third quarter report. Hopefully the public transport segment can contribute more profits to cover the decreasing revenue from other segment especially the taxi segment.

CDG’s dividend track record and the most of business attracts me the most. Plan to hold CDG for Long term just like all my other stocks.

Just a side note, sph reit releases the results for first quarter of 2020, it is really quite good. However, I am not qualified for the dividend as I bought it only after the recorded date. So I can only enjoy the dividends from sph reit from the next dividend payout and onwards.

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