ComfortDelGro

Iggy's Journal: Eight Big Announcements Last Night. Three Actually Touch My Ledger, And None Of Them Move A Zone.

24 August 2026, PM

Podcast Release:

Angela and I went through all eight National Day Rally announcements on today's episode, not to find a stock angle in everything, but to be honest about where one genuinely doesn't exist. Childcare leave, the child support package, the BTO income ceiling, teen social media rules, none of that touches anything I track, and we said so plainly rather than force it.

Three items do connect to names already in my coverage, the new western island and Tekong tunnel studies touch Keppel and ST Engineering, both already Zone 5. The autonomous vehicle push touches ComfortDelGro, already Zone 4 on a gearing failure. The US tariff conversation touches the banks in the background, all three unchanged.

My Personal Take:

Not one of those three connections moved a single zone call today, and I said that on air because I think it's the actually useful thing to hear the morning after a big speech. A study, a decades-out land reclamation plan, a stated policy intention, none of that is a confirmed order book or a dividend change. My verdicts move on trailing distributions and confirmed balance sheet facts, not on how exciting an announcement sounds.

If any of these three names get something real and dated tied to last night's speech, I'll revisit it properly and tell you exactly what changed. Until then, the two investors from today's cold open both heard the same speech, only one of them is going to remember it was a statement of intent, not a stock tip.

Not financial advice. Iggy's Forensic Compliance Standards apply.

📺 https://youtu.be/FGVEbNVh9jQ

📩 https://investingiguana.com/p/pm-wongs-rally-speech-had-eight-big

Cheers, Iggy 🦖

Revenue Up, Profit Down 20%: What's Really Happening at ComfortDelGro 🦖

🔍 The Angle

ComfortDelGro's revenue rose 5.7 percent, but operating profit fell 17.3 percent. The taxi and private hire segment lost $31.1 million in profit, a 45.9 percent collapse that the "resilient" headline quietly covers. Gross gearing sits at 37.9 percent, breaching the 35 percent ceiling this framework uses, even though the company's own net gearing figure looks comfortable.

💰 What It Means For You

Your 6.3 percent yield and flat 3.91 cent interim dividend feel safe until you check what's funding them. A single segment dragging down the whole group while leverage climbs is the kind of pattern that matters for CPF and SRS income portfolios. Iggy's Forensic Zone: Zone 4, Caution.

📺 YouTube: https://youtu.be/isjVN2lkaxM

📩 Substack: https://investingiguana.com/p/revenue-up-profit-down-20-whats-really

honestly I really would prefer it if @$ComfortDelGro(C52.SG)feelijgna little dicey at this point, I'm not sure if there's a need to maintain this or just say my goodbyes... thoughts?

to add more?

Week 5 – My Portfolio Health Check

1. Last week was relatively flat for my portfolio.

2. Caught and added $IFAST(AIY.SG), it does not disappoint me with more than 6% jump so far. See you above $9.50 or higher.

3. $ComfortDelGro(C52.SG)seem to turnaround sooner than expected with substantial shareholders accumulating more shares. Happy if you can go above $1.50 again soon.

Comfort Delgro

If you wish to buy this stock, watch closely the behaviours of Big Boys as small buyers can't move this stock with their purchases and noisy opinions. Also, be patient as this stock has never been a good payback master for the past decade.

Week 4 – My Portfolio Health Check

1. A sudden jump in $ThaiBev(Y92.SG) price helped my over portfolio. They have recently reported better than expected profit margin and potential speculations of listing their Beer and Spirit businesses. Watch out for the breakout.

2. My biggest portfolio $Olam(VC2.SG) has consolidated slightly over the past week. I still believe it's potential especially Temasek holds around 52%. I expect special dividends is coming.

3. Recently added $ComfortDelGro(C52.SG) as the price dropped to very attractive price. When oil price stabilised, it should move up.

4. The hiccup in M1 divestment caused $Keppel(BN4.SG) to drop quite a bit. Happy to continue my DCA.

The bond market is sending a different signal: April PPI hit 6% (a 3-year high), 30-year Treasury yields broke 5%, and Warsh was confirmed as Fed Chair.

With 30-year bond yields rising, can investing in long-term bonds offset inflation and the continued weakness of the US dollar?

Or should one seize the opportunity of the AI wave to further improve the asset allocation structure?

The market looks so strong but when you look deeper, it’s all on the surface. Only a few names are carrying the market and it’s quite easy to actually prop them up. I am staying defensive.

The market does look unstoppable isn’t it? It keeps going up and up. Think again coz that’s what the headlines want you to believe. Smart money needs lots of exit liquidity because that’s how inflated the market is! Do the smart thing. Stay safe!

Take profits on AI euphoria. Rotate to SG banks and REITs as real rates rise. Position SG-listed names for ESR and energy security tailwinds.

The ESR is still in the early discussion phrase, continue to seat on the sideline till there is a confirmation on the benefit. Do no jump into the bandwagon in such a hype up market!

With Warsh confirmation as the fed chair, the thesis that AI going to outpowrt inflation rate is here. The AI rally will continue for the year and wealth will be generated!

The memory chips is going off the racks, LITERALLY! This is a rotation of the usual big tech to these players instead. We are in a new regime and so get ready!

With 30Y yields above 5% and PPI still sticky, hard to go all-in on long-duration tech lah — keeping some powder dry for now and watching how the rate picture develops.

The US 30-year yield is back above 5% interestingly during Trump’s visit to China. Is it a protest?🤭

If long term yield move higher, global liquidity could tighten as borrowing conditions become tougher.😖

In summary, Fed has less room to support markets and higher interest rates may start weighing on valuations again. Watch out for REITs holders 😅

AI demand is expanding across multiple sectors globally, but market optimism feels crowded now. Staying selective with strong earnings visibility and sustainable growth stories remains important amid volatility.

AI momentum is broadening beyond a single geography or platform, which strengthens the structural bull case, but simultaneous crowding, higher producer inflation and rising long-end yields suggest valuation risk is becoming harder to ignore. Singapore banks may benefit from higher-for-longer rates, while selected REITs could stabilise if financing conditions stop worsening. AI-linked names still retain stronger earnings visibility, though volatility is likely to increase as policy and rates reprice together. For Singapore, the alignment of regulatory, infrastructure and insurance-capital developments is strategically constructive, but markets may wait for measurable capital deployment before fully rerating related SGX-listed beneficiaries.