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:
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ComfortDelgro will be announcing its 2Q result tomorrow on 11th August.
This column is written by @j_chou from InvestingNote.com.
–@J_chou has an interest in global macro trends, financial markets and equity research and enjoys applying a combination of the three in his investments. His eventual investing goal is to manage a risk parity portfolio and achieve true financial freedom.
A component of the STI, Comfort Delgro was once championed as a stable dividend paying stock with a strong economic moat. Recent disruptions in the taxi industry have since changed that view, causing the stock to tumble to its 52-week low despite a relatively muted 1Q17 earnings report. Investors were likely concerned with the falling revenue and operating profits, mostly attributed to the decline from the taxi segment. The share price has since recovered slightly from its 52-week low to $2.310, but there is still an opportunity to capitalize on the negative sentiments towards the company. In this article I will look to determine whether Comfort Delgro is ripe for a contrarian play by assessing its long-term prospects from a bullish, neutral and bearish perspective for the next 5-10 years.
Comfort Delgro: Much more than just a taxi company
The distinct blue and yellow taxis that peppers the streets of Singapore may cause investors to mistake Comfort Delgro as primarily a taxi company.
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