ComfortDelGro stock faces pressure after target cut to SGD 1.21

ComfortDelGro stock was last at SGD 1.26 on the Singapore Exchange on September 30, 2026, while first-half underlying PATMI fell 14.3 percent year over year to SGD 84.8 million. The latest analyst view combines a weaker taxi business with better prospects for the group's London bus operations.

Target price falls to SGD 1.21

According to POEMS on September 4, 2026, Phillip Securities cut its target price from SGD 1.35 to SGD 1.21 and retained a Neutral recommendation. The same review said FY26 earnings estimates were reduced by 7 percent to SGD 177 million.

The downgrade reflects a sharp split inside the transport group. Taxi operations generated EBIT of SGD 36.6 million in 1H26, down 46 percent year over year, while public transport earnings increased 11 percent as Metroline London contracts were repriced at higher margins, according to POEMS.

Fare increase brings measured support

A separate report from DBS Group Research dated September 30, 2026, said Singapore public transport fares will rise 7.00 percent from December 26, 2026. DBS estimates the increase could lift annual revenue at ComfortDelGro subsidiary SBS Transit by SGD 26.9 million, with a projected net revenue benefit of SGD 18.8 million after the Public Transport Fund contribution.

DBS nevertheless kept a HOLD rating and a SGD 1.40 target price. Its report also noted that SBS Transit's public transport operating profit declined 4 percent year over year in 1H26, showing why fare increases may not fully offset higher fuel and electricity costs.

Stock remains near yearly low

ComfortDelGro stock was last at SGD 1.26 on September 30, 2026 at 5:04 p.m. SGT, with a market capitalization of SGD 2.7 billion. The 52-week range was SGD 1.24 to SGD 1.56, placing the latest price SGD 0.02 above the yearly low and SGD 0.30 below the yearly high.