Arsenal
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4 people like this.
Hachiko :

More people joining the ranks of Uber

luanboo :

net operating profit has declined by 32.7% but the news didn't mention...

layers :

Reply to @luanboo : trying to smoke ppl Tml buy more sph

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2V_ :

Why didn't announce the profitability margins exclude one off divestment?

Do we expect more assets on sale?

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These 4 counters may be good chance of turning Upwards as the selling has more or less completed.
It might be a good opportunity to bottom fish.
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BrennenPak Verified user
SPH & Comfort Delgro
- Original Post from BPWLC BLOG

$SPH(T39.SI) $ComfortDelGro(C52.SI) Since the heavy selling in the beginning of the last week following by a strong rebound towards the end of the week, SPH seemed to have stabilized and moved up a little in the last 5 trading days. It appeared to have attained a respite after dropping relentlessly in the past few months. In fact, it had gained about 5% from its low at the close yesterday. Perhaps, the worst had passed. Hopefully, this can last until at least the release of the quarter results in October. As the price of the stock fell, its value began to emerge. So it had enabled me to take a very small position after having sold down all my holdings more than1½ years ago. I did not purchase at the lowest point, but at this price, it should have discounted a lot of bad news. Fundamentally, nothing has changed. It is still a sunset industry and therefore my position should not be big. Have to trust the new management to stabilize the share price. I may consider buying more in future, but I am in no hurry to do so for now.

 
In fact, it appeared that the market attention has been shifted from SPH to Comfort-Delgro (CDG). In the last few days, CDG share price fell below $2 for the first time in 3 years. The fall was relentless especially in the first few days of the week, following the news that there could be an exodus of as many as 2,000 drivers from Comfort-Delgro to its aggressive competitor, Grab. Even the rail-transport business that Comfort-Delgro held all this while for operating the North-East Line (NEL) went to SMRT. It was one bad news after another. How long will the onslaught last? Nobody knows for sure. Hopefully it is near as well. 

Meanwhile CDG’s partner, Uber, is still grappling with several concurrent problems that happened in different parts of the world. It is unlikely that CDG and Uber are able to find solutions to arrest this price fall as yet. To date, the funding for Grab seemed endless, and this could remain a long-term threat for CDG. So, for round 1, it appeared that Grab is a clear winner for now.
SPH and CDG are both recession-proof stocks. Unfortunately, they are not technology-proof.
Brennen has been investing in the stock market for 27 years. He trains occasionally and is a managing partner for BP Wealth Learning Centre. He is also the author of the book – “Building Wealth Together Through Stocks” which is available in both soft and hardcopy.

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