SINGAPORE (July 4): ComfortDelGro is expected to post a smaller decline in 2Q profits compared to a year ago, which would mean an improvement in operations, say analysts.

A stronger-than-expected expansion in taxi fleet, and partnership with private ride-hailing companies could be catalysts while regulatory changes could aid its taxi operations.

Inorganic growth acquisitions could also support its growth profile although a pick-up in competitive pressure could lead to further contraction in its taxi fleet.

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