ComfortDelGro's Stock Selloff Presents Accumulation Opportunity -- Market Talk

Dow Jones

May 21

0245 GMT - ComfortDelGro's stock selloff since it reported 1Q results earlier this month likely presents an opportunity to accumulate the shares, RHB Research's Shekhar Jaiswal says in a research report. Earnings of the company's public-transport segment are protected by indexed fare pass-through mechanisms, the analyst says. Also, disruptions to the multimodal transport operator's 1Q earnings from its Addison Lee business in the U.K. are probably temporary rather than structural. However, RHB Research cuts its profit forecast for ComfortDelGro by 24% in 2026, 29% in 2027 and 34% in 2028 following the company's sharp 1Q earnings miss. It lowers the stock's target price to S$1.45 from S$1.64, with an unchanged buy rating. Shares are 1.55% higher at S$1.31. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 20, 2026 22:45 ET (02:45 GMT)

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Earnings of the company's public-transport segment are protected by indexed fare pass-through mechanisms, the analyst says. Also, disruptions to the multimodal transport operator's 1Q earnings from its Addison Lee business in the U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. are probably temporary rather than structural. However, RHB Research cuts its profit forecast for ComfortDelGro by 24% in 2026, 29% in 2027 and 34% in 2028 following the company's sharp 1Q earnings miss. It lowers the stock's target price to S$1.45 from S$1.64, with an unchanged buy rating. Shares are 1.55% higher at S$1.31. 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Earnings of the company's public-transport segment are protected by indexed fare pass-through mechanisms, the analyst says. Also, disruptions to the multimodal transport operator's 1Q earnings from its Addison Lee business in the U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. are probably temporary rather than structural. However, RHB Research cuts its profit forecast for ComfortDelGro by 24% in 2026, 29% in 2027 and 34% in 2028 following the company's sharp 1Q earnings miss. It lowers the stock's target price to S$1.45 from S$1.64, with an unchanged buy rating. Shares are 1.55% higher at S$1.31. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 20, 2026 22:45 ET (02:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999006266.SGD","symbol_name":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2637679803","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2637679803","pubTimestamp":1779331500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0245 GMT - ComfortDelGro's stock selloff since it reported 1Q results earlier this month likely presents an opportunity to accumulate the shares, RHB Research's Shekhar Jaiswal says in a research report. Earnings of the company's public-transport segment are protected by indexed fare pass-through mechanisms, the analyst says. Also, disruptions to the multimodal transport operator's 1Q earnings from its Addison Lee business in the U.K. are probably temporary rather than structural. However, RHB Research cuts its profit forecast for ComfortDelGro by 24% in 2026, 29% in 2027 and 34% in 2028 following the company's sharp 1Q earnings miss. It lowers the stock's target price to S$1.45 from S$1.64, with an unchanged buy rating. Shares are 1.55% higher at S$1.31. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","BK6519":"运输股","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","C52.SI":"康福德高企业","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6136":"旅客陆运","BK6101":"陆运","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC"},"translate_title":"康福德高的股票抛售带来了积累机会——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C52.SI":1.5},"content_text":"0245 GMT - ComfortDelGro's stock selloff since it reported 1Q results earlier this month likely presents an opportunity to accumulate the shares, RHB Research's Shekhar Jaiswal says in a research report. Earnings of the company's public-transport segment are protected by indexed fare pass-through mechanisms, the analyst says. Also, disruptions to the multimodal transport operator's 1Q earnings from its Addison Lee business in the U.K. are probably temporary rather than structural. However, RHB Research cuts its profit forecast for ComfortDelGro by 24% in 2026, 29% in 2027 and 34% in 2028 following the company's sharp 1Q earnings miss. It lowers the stock's target price to S$1.45 from S$1.64, with an unchanged buy rating. Shares are 1.55% higher at S$1.31. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 20, 2026 22:45 ET (02:45 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}