ComfortDelGro, SG1N31909426

ComfortDelGro adds 800 Chengdu taxis, and JPMorgan rates ComfortDelGro stock Overweight

Published on 10/20/2026 at 20:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Board member Ang Fung Fung starts on November 1, 2026. ComfortDelGro stock costs EUR 0.88 on October 20, 2026 at 8:04 p.m. CEST.

Key facts at a glance

ComfortDelGro received 800 Chengdu taxi licenses on October 19, 2026.
Ang Fung Fung joins the board on November 1, 2026.
ComfortDelGro stock was priced at EUR 0.88 at Lang & Schwarz on October 20, 2026 at 8:04 p.m. CEST.

ComfortDelGro, SG1N31909426, Illustration mit AI erstellt.

ComfortDelGro's Chengdu subsidiary received 800 new taxi licenses on October 19, 2026, lifting its fleet in the Chinese city to 1,050 vehicles, while JPMorgan kept an Overweight rating and a target of SGD 2.00, as The Edge Malaysia reported. ComfortDelGro (ISIN SG1N31909426) was trading at EUR 0.88 at Lang & Schwarz on October 20, 2026 at 8:04 p.m. CEST.

China fleet gains scale

The 800 licenses imply an 8.00 percent increase in ComfortDelGro's China taxi fleet, according to JPMorgan's assessment carried by The Edge Malaysia. The award makes the Chengdu operation the city's second-largest taxi operator with 1,050 vehicles. BNP Paribas also cited a target of SGD 1.98 and said the license cost of CNY 10,000 per vehicle per year could support capital and working-capital efficiency.

Singapore trading position

On the Singapore Exchange, ComfortDelGro last traded at SGD 1.25 on October 20, 2026 at 5:04 p.m. SGT. The stock's 52-week range was SGD 1.24 to SGD 1.56, its year-to-date performance was minus 15.54 percent, and volume reached 2,773,700 shares on that date. Market capitalization stood at SGD 2.7 billion.

Earnings and dates matter

For the latest reported period ended June 30, 2026, ComfortDelGro recorded revenue of SGD 1.33 billion and earnings per share of SGD 0.04, according to Investing.com. The same source lists November 11, 2026 as the next earnings date. Its price-to-earnings ratio was 12.93 on October 20, 2026.

ComfortDelGro also named Ang Fung Fung as an independent non-executive director, with the appointment taking effect on November 1, 2026, according to MarketScreener. The board role adds a governance date before the next scheduled earnings release.

What the taxi award changes

The Chengdu addition gives ComfortDelGro a concrete operating expansion while analysts assess the fleet economics. For investors, the 1,050-vehicle local fleet and the SGD 2.00 JPMorgan target provide the clearest measurable markers for judging whether the new licenses translate into growth.

Stock position in euros

The euro quotation stood at EUR 0.88 at Lang & Schwarz on October 20, 2026 at 8:04 p.m. CEST. The Singapore listing stood at SGD 1.25 at the close of its October 20, 2026 session.

The further course of trading is shown by the continuously updated real-time quote of ComfortDelGro stock.