ComfortDelgro Corporation Limited (CDG) is a Straits Times Index constituent and one of the world’s largest land transport operator. Its businesses cover the full range of land transport options including bus, taxi, rail, car leasing, automotive engineering, vehicle inspection and testing, driving centres and outdoor advertising.

In the past few years, CDG was in the spotlight for its struggling business performance reeling from intense industry competition with Grab and Uber that disrupted its traditional taxi business that has the largest fleet and market share in Singapore. While it is still the largest taxi operator locally, the size of its taxi fleet has reduced significantly over the past few years, thus negatively impacting its results.

With Uber announcing its exit from Singapore market via the sale of its private hiring and related businesses to Grab, could industry competition start turning benign for CDG and we can expect to see an uptick …