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Comfortdelgro ( (SG:C52) ) has provided an announcement.
ComfortDelGro reported first-quarter 2026 revenue of $1.23 billion, up 5% year on year, but operating profit fell 18.4% as higher operating costs and continued taxi and private hire headwinds weighed on margins. Public transport remained resilient, supported by long-term contracts, recent fare adjustments and higher rail ridership, while the group’s balance sheet and cash generation stayed strong despite softer profit after tax and minority interests of $40.5 million.
Operationally, the company is accelerating integration across its businesses to build a higher-margin, platform-enabled point-to-point mobility network, shifting from a purely taxi-led model to a hybrid fleet-and-platform approach with greater emphasis on B2B and premium segments. It is also positioning itself as an autonomous-vehicle ecosystem builder, pushing ahead with AV shuttle trials in Singapore, exploring robotaxi expansion in China and preparing for major rail and bus tenders in Europe, moves that could enhance its competitive edge and earnings quality over time.
The most recent analyst rating on (SG:C52) stock is a Buy with a S$1.50 price target. To see the full list of analyst forecasts on Comfortdelgro stock, see the SG:C52 Stock Forecast page.
More about Comfortdelgro
ComfortDelGro is a global land transport operator headquartered in Singapore, with core businesses in public transport, taxis, private hire vehicles and related mobility services across markets such as Singapore, the U.K. and Australia. The group also operates rail, metro, bus and driving centre operations, and is increasingly leveraging technology, artificial intelligence and autonomous vehicle capabilities to support long-term, platform-based mobility solutions.
Average Trading Volume: 10,830,362
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$3.12B
For a thorough assessment of C52 stock, go to TipRanks’ Stock Analysis page.