InvestingRoo

ComfortDelgro (CDG) has fallen from the high of $3.20 in June 2015 to $1.955 in September 2017.  This is despite net profit increasing from $284M (2014), to $302M (2015) and $317M (2017) and dividends increasing from 8.25c (2014) to 9c (2015) to 10.3c (2016). Despite the entrance of Uber and Grab in 2013, revenue from the taxi segment has managed to increase from $1,284M (2014) to $1,327M (2015) to $1,341 (2016). In fact, the number of taxis under CDG actually increased between 2014 to 2016 and peaked at 17,143 in April 2016. Since 2017, we are starting to see actual profit decline from the taxi business. There were 16,976 taxis in January 2016, the number of taxis under CDG has declined to 15,556 in June 2017.  In September 2017, Grab and Uber launched aggressive promo to attract more drivers from CDG by offer attractive rental discounts of up to almost 50%. So we can expect the number of taxis under CDG to further decline. CDG's taxi revenue is derived mostly from rent...

This is a blog to keep me disciplined in my investment process. I am committed to doing a thorough analysis of potential investments and documenting my thoughts and analysis here to guide me to make better investment decisions. This is not a blog to tell you what to buy or invest in. But rather, I hope through my sharing, I can share my knowledge and learning about investments. I enjoy investing because I like to read and learn. My ideal job is one that pays me to read, learn and understand the world better. Why is it that some business are better than others? Why is it that some work have so much higher returns than others? What will be the key driver of economic progress of the world moving forward? How will the world look like 50 years down the road? I found it interesting that through reading books about investing like Jim Roger's Hot Commodities and Ruchir Sharma's Breakout nations, I get to learn about the things that I am interested in and also understand why cer...