- ComfortDelGro (SGX:C52)’s 1Q26 PATMI sank 16.1% y-o-y to S$40.5m, meeting only 17.4% of street’s full year estimates on lower operating profits across key geographies of Singapore, UK/EU and Australia.
Public transport stable but fuel costs to rise
- - Read this at SGinvestors.io -
- Pre-operation phase of new Jurong Regional Line is ongoing with full operation slated for 2028. Management said an indexation mechanism in the contracts will mitigate recent energy cost rises with forward hedges (up to 50% of volumes) in place to manage short-term timing differences.
Taxi & private hire segment faces strong headwinds
- - Read this at SGinvestors.io -
- ComfortDelGro's fleet size continues to reduce along with the structural decline with overall Singapore taxi fleet population. Australia network also contracted from keen competition from other ride hailing platforms, as well as cautious consumer spending.
- Despite higher average trip value, UK trip volumes were hurt by fewer airport transfers due to ongoing Middle East conflict.
To develop next-generation driving centre in SG
- Read more at SGinvestors.io.
