Passenger Ground Transportation

ComfortDelGro

ComfortDelgro Reports 16.1% Decline in Net Profit for Q1

SP Mobility and ComfortDelGro Sign Contracts to Build EV Fast Charging Centers

ComfortDelGro Mitigates Rising Fuel Costs Through Contractual Mechanisms

ComfortDelGro Holds 2026 Annual General Meeting to Discuss Financial Costs and Taxi Strategy

CMAC Plans Expansion into Asia Amid Increasing Flight Disruptions

ComfortDelGro Updates and Executes Share Repurchase Program

ComfortDelGro Introduces Temporary Driver Fees and Increases Taxi Rates

ComfortDelGro Plans to Invest Over 200 Million SGD to Enhance Driving Education in Singapore

ComfortDelGro Reports FY2025 Earnings and Initiates Share Repurchase

ComfortDelGro Repurchased 101,400 Shares

Silchester International Acquires 4 Million Shares in ComfortDelGro

ComfortDelGro Opens New Electric Vehicle Service Center in Ubi, Singapore

ComfortDelGro repurchased 300,000 shares on SGX

CGS-CIMB 下调 ComfortDelGro 2026 and 2027 财年盈利预测，维持买入评级

ComfortDelGro released FY2025 Q3 earnings on February 27, 2026 (SGT), with actual revenue of SGD 1.318 B and EPS of SGD 0.0286

ComfortDelGro released FY2025 9 Months Earnings on February 27, 2026 (SGT), with actual revenue of SGD 3.741 B and EPS of SGD 0.0775

ComfortDelGro released FY2025 Q4 earnings on February 27 After-Market (SGT), actual revenue SGD 1.318 B, actual EPS SGD 0.0286

ComfortDelGro released FY2025 Annual Earnings on February 27 After-Market SGT, actual revenue SGD 5.059 B (forecast SGD 4.984 B), actual EPS SGD 0.1062 (forecast SGD 0.1076)

ComfortDelGro Reports Revenue Growth and Dividend Payout

ComfortDelGro to release FY2025 earnings on February 27 After-Market SGT, forecast revenue SGD 4.984 B, EPS SGD 0.1076

SingtelMBeCW260730

Autagco

Asian Micro

HSI 28000MBePW260629

Teho

NKY 55000MBePW260911

NKY 52000MBePW260612

Landmark REIT

Lion Asiapac

Acesian Partners

UOB Kay Hian downgraded ComfortDelGro (CDG) to 'hold' from 'buy' after disappointing Q1 earnings, with net profit down 16.1% to S$40.5 million. The target price was cut by 15% to S$1.54. Despite a 5% revenue increase to S$1.2 billion, core operating profit fell 18% to S$66.2 million, missing expectations. The downgrade reflects challenges in the taxi segment and increased competition, while public transport showed modest growth.

Businesstimes News

Grab

United Overseas Bank (UOB)

GRAB - CW25

UOBKH downgrades ComfortDelGro to ‘hold’ as Q1 earnings disappoint

ComfortDelGro's net profit fell 16.1% to S$40.5 million in Q1, impacted by challenges in the UK taxi and private-hire business due to reduced airport transfers amid the Middle East conflict. Revenue rose 5% to S$1.2 billion, with public transport revenue up 7.2%. However, the taxi segment's revenue dropped 7.1% to S$239.7 million, and operating profit fell 46.7% to S$17.1 million. CDG's overall operating costs increased by 7.4% to S$1.1 billion, while net debt improved to S$659.9 million as of March 31.

Middle East war hits ComfortDelGro’s UK taxi business; Q1 profit down 16.1%

Singapore stocks rose on May 4, with the Straits Times Index (STI) gaining 0.2% to close at 4,924.31. Venture Corporation led the gains, up 5.5%, while CapitaLand Investment fell 4.7%. DBS and UOB saw slight increases, while OCBC declined. Olam Group surged 15.7% in the iEdge Singapore Next 50 Index, whereas ComfortDelGro Corporation dropped 3.4%. Overall, gainers outnumbered losers 416 to 221. Regional indices also performed well, with positive movements in Hong Kong, South Korea, and Malaysia. Market analysts noted a shift in the Strait of Hormuz affecting global trade dynamics.

Olam

Venture

STI ETF

FTSE Straits Times Index

CapitaLandInvest

OCBC Bank

Hang Seng Index

Singapore stocks rise on Monday; STI gains 0.2%

In the first four months of 2026, Singapore's Industrials sector led net institutional inflows at S$485 million, followed by Technology and Consumer Non-Cyclicals. The sector's average daily turnover rose to S$403 million, with median valuation increasing from 10.0x to 13.8x earnings. Market capitalization expanded from S$112.9 billion to S$162.3 billion, and median bid-offer spreads narrowed. Key players include Seatrium and ComfortDelGro. Additionally, insider buying was reported from Hong Lai Huat and QAF, reflecting confidence in their respective earnings resilience and strategic initiatives.

Hong Lai Huat

Seatrium

Ley Choon

Koh Eco

SBS Transit

China Aviation

SATS

Tiong Woon

BRC Asia

Credit Bureau Asia

HRnetGroup

WinkingStudios

JMH USD

SATS R1

SATS R

Industrials lead institutional inflows year-to-date

ME8U

GDXW

Mapletree Industrial Trust plans to divest up to S$600 million in North America assets, targeting growth in Japan and Europe over the next 1-2 years. Singapore's gold demand surged 42% in Q1 due to geopolitical risks, with Asian gold-ETFs seeing inflows. The EMA proposed new electricity generation capacity to meet rising demand, with units expected by 2031-2032. Indonesia's eFishery founder received a nine-year sentence for fraud. CLI's fee revenue rose 10% in Q1, while real estate investment revenue fell 14%. SP Mobility and ComfortDelGro Engie secured contracts for EV fast-charging hubs in HDB towns.

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Abrdn Gold ETF Trust

Direxion Daily Gold Miners Bull 2X

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Direxion Daily Jr Gold Miners Bull 2X

Microsectors Gold Miners 3x Leveraged ETN

iShares MSCI Global Gold Miners

ADOMANI

Daily Debrief: What Happened Today (Apr 29)

SP Mobility and ComfortDelGro Engie have secured contracts from EV-Electric Charging (EVe) to establish electric vehicle fast-charging hubs in HDB towns across eight sites. Each hub will include six to eight 50 kW fast chargers, with additional slow chargers at select locations. This initiative aligns with the government's goal for every HDB town to have a fast-charging hub by the end of 2027. The deployment aims to meet the rising demand for electric vehicles, with current plans to add around 20 more charging hubs to the existing 21 in Singapore.

Shell

Shell PLC

Royal Dutch Shell Plc Class B

ST Engineering

SP Mobility, ComfortDelGro Engie bag contracts to deploy EV fast-charging hubs in HDB towns

ComfortDelGro Group CFO Christopher White highlights the company's transformation from a Singapore taxi operator to a global multi-modal transport provider. With over 55% of revenue from international operations, the Group is expanding in 13 countries, including public bus networks in the UK and Australia, and autonomous vehicle deployments. Despite Singapore being the largest profit contributor, growth opportunities are limited. The Group's dual strategy focuses on stable public transport contracts and scalable point-to-point operations, with a strong emphasis on addressing driver shortages through autonomous mobility solutions.

kopi-C with ComfortDelGro Group CFO: From Singapore taxis to global multi-modal transport—delivering a sustainable ~6% dividend yield

The Middle East conflict has led to a surge in fuel prices, putting pressure on ComfortDelGro's public transportation business. The company's contracts with the transportation department include a fuel indexing mechanism, which helps mitigate the impact of fuel price fluctuations. In response to rising fuel costs, the taxi and private hire car businesses have temporarily increased fares. The group stated that it will closely monitor the impact of rising fuel prices and adjust its hedging strategy accordingly. Despite facing intensified market competition, the EBITDA of the taxi and cab businesses has declined

Zaobao

Fuel prices soar, business under pressure, ComfortDelGro: Hedging strategies alleviate cost increases | Lianhe Zaobao

ComfortDelGro(C52.SG)