COMFORTDELGROLong
Look at the "indispensable" stocks
Updated
Come this Friday, 19 June 20, Singapore will enter into Phase 2 of its economy reopening.
The major news would be shopping malls will be reopen to the public once more. Will there be a revenge shopping frenzy like we see in China ?
If the footfalls is likely to increase too in SG, then the rate of shoppers hopping on to the taxis will be high, giving a much needed boost to the transport business.
Not forgetting , there are many retail staff in brick and mortar shops returning to work, these group too will be taking taxi as well. This is more of a long term investment rather than short term trade. Plus, the dividend is good for passive income as well.
The major news would be shopping malls will be reopen to the public once more. Will there be a revenge shopping frenzy like we see in China ?
If the footfalls is likely to increase too in SG, then the rate of shoppers hopping on to the taxis will be high, giving a much needed boost to the transport business.
Not forgetting , there are many retail staff in brick and mortar shops returning to work, these group too will be taking taxi as well. This is more of a long term investment rather than short term trade. Plus, the dividend is good for passive income as well.
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still not out of the woods , expect it to touch the 1.40 level againNote
We can see the selling pressure starts to ease, it may drop a little more before we see a decent rebound.Note
you need a lot of patience in buying stocks like this............So, depending on your personality, not all will go for such stocks as this is more of a stable dividend play. Plus, the corona virus is not behind us, people are basically not taking chances to go out as freely as before. That somehow will affect the private hire business.
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It is when the stock price is depressed that value investors get in (some in stages while others in one shot) to buy. Do you believe in Comfort's future ? If yes, this is a good place to start buying....vested interest
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now it has once again comes down to the 1.35 support zone. Let's hope it will rebound from here.Note
it appears the 1.35 is a strong support as we witness it bouncing off to 1.43Note
added more @ 1.43 todayNote
up 2.7% !! Praise the LordNote
hit resistance at 1.54, wait for it to breakout firstNote
Look at the support/bottom , it is very strongly held at 1.34 level since 24 March 20. Expecting the price to go up slowly from here. Now, this is not a growth stock , more of a defensive stock as public transportation is a necessity whether there is an economic recession, pandemic or not. The volume may reduce somehow but with Phase 3 reopening, I expect the volume to go up.
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Doing well thus far......Note
Praise the Lord. Support at 1.65... going up slow and steady
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