We’re off to a good start to 2018.
But have you ever wondered which was the stock that got everyone crazy over in 2017?
As you already know, we’re a growing community of nearly 50,000 investors strong.
Each and every day, our social network accounts for a daily average of a few hundred posts and a few thousand comments posted by our users. This is a significant surge in the average posts and comments back in 2016. Although the Singapore stock market only operates on weekdays, our social network runs 24 hours a day and 365 days a year.
Looking back at the data from 2017, we were interested to find out from our community activities, if there were any interesting insights.
Let us present some data in our platform:
From the infographic, we can see that ComfortDelgro is amongst the top 3 most tagged and discussed stocks in all the posts made in 2017.
Comfort has been a hot topic for many investors in 2017. It became caught in the ruffle between popular ride-hailing apps Uber and Grab. Grab held a public campaign specifically targeted at Comfort cab drivers to switch to over. Comfort also acquired Uber’s car rental subsidiary, Lion City Holdings. In early 2018, Comfort became integrated within Uber’s app as UberFlash. In October 2017, one of our veteran community members and a pioneer of financial blogging, Kyith posted his analysis on Comfort as well: https://www.investingnote.com/posts/334210.
From his analysis, we can see that Comfort is a indeed big organization with its fair share of problems.
With the aggressive expansion of Uber and Grab threatening its taxi business segment, Comfort became the talk of the town.
From our data, we’ve found some interesting facts:
– Comfort is the most discussed stock in our community with the most tags.
– Comfort is the second most estimated stock.
– Comfort has also been everyone’s second most favourite stock to be included into their watchlists and portfolio.
Coincidentally, ComfortDelgro’s 75-days beta is 1.171, as compared to its 500-days beta at 0.733.
The beta of a stock or portfolio is a historical measure describing the relations of the volatility of its returns an investor is exposed to as compared to the entire market as a whole. A beta of 1 means the security has volatility that mirrors the degree and direction of the market as a whole.
For Comfort’s case, it’s short-term volatility had a significant increase compared to its long-term volatility.
The only other transport company listed in Singapore, SBS Transit, has a 75 days beta of 0.246 and a 500 day beta of 0.311. In terms of industry-peer comparison, Comfort’s short-term volatility is almost 5 times that of SBS Transit.
In terms of stock performance, Comfort underperformed against the STI, when its return was around -19% as compared to the benchmark’s return of +18% for 2017 (excluding dividends).
ComfortDelgro is known to be a household brand for Singaporeans as it is well known to provide public bus and taxi services. It is also a constituent of the STI, and considered a blue-chip stock.
We can safely say that even though Comfort really underperformed, its volatility increased and it was the most-discussed stock that everyone was crazy over it in 2017.
Are you buying or holding $ComfortDelGro(C52.SI) in 2018?
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