Silchester International Investors, the largest shareholder of ComfortDelGro, has taken advantage of a recent drop in the share price to further add to its stake.
On May 21, the asset manager paid an average of $1.2908 to buy nearly 1.94 million shares.
This brings its total holdings to around 196.83 million shares, equivalent to 9.087%.
Earlier, on May 8, Silchester paid an average of $1.4312 for 893,600 shares.
In addition, ComfortDelGro has been buying back its own shares as well.
The most recent was on May 18 when it paid an average of $1.265 for 292.000 shares, bringing the total bought under the current mandate to 1.46 million shares.
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ComfortDelGro shares have been under pressure after reporting lower-than-expected 1QFY2026 results, partly due to softer ride businesses in UK attributed to the lower number of airport transfers because of the fighting in the Middle East.
In addition, the company is seen to face higher fuel costs ahead also because of the situation.
ComfortDelGro shares closed at $1.28 on May 22 down 0.78% for the day and down 13.51% year to date.
