ComfortDelGro's Softer Taxi, Private-Hire Operations Could Weigh on Earnings -- Market Talk

Dow Jones05-14

0259 GMT - ComfortDelGro's much softer taxi and private-hire operations across its markets will likely weigh heavily on its earnings over 2026-2027, says DBS Group Research's Zheng Feng Chee in a note. The taxi operator's fleet size in Singapore could shrink further as competitor Grab remains aggressive with its driver incentives, the analyst says. Meanwhile, flight disruptions related to the Middle East conflict are weighing on volume in the U.K., and a full recovery is unlikely to happen in 2H despite potential easing of these concerns then, he adds. He slashes his 2026 and 2027 earnings projections by 22% and 28%, respectively. DBS cuts its rating to fully valued from hold and trims its target price to S$1.11 from S$1.60. Shares fall 4.9% to S$1.35. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

May 13, 2026 22:59 ET (02:59 GMT)

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