- ComfortDelGro announced on 28 Mar 2024 that its wholly-owned subsidiary, Metroline Limited, has been awarded contracts worth GBP422m (~S$720m) to operate four public bus franchises in Greater Manchester, UK.
Significant addition to ComfortDelGro’s growing footprint in the United Kingdom (UK)
- - Read this at SGinvestors.io -
ComfortDelGro has kept up a positive momentum of contract wins and acquisitions over the past year
- Since Jul 2023, ComfortDelGro (SGX:C52) has entered into two new markets, France and Sweden, by winning rail tenders in partnership with global transport operators RATP Dev and Alstom, and Go-Ahead Group, respectively. These contracts are expected to start contributing meaningfully to its share of profits from associates and joint ventures (JVs) come 2025.
- - Read this at SGinvestors.io -
- With respect to inorganic growth,
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2024-04-01
Previous report by OCBC:
2024-03-04 ComfortDelGro - Driving Slow.Price targets by 6 other brokers at ComfortDelGro Target Prices.
Listing of research reports at ComfortDelGro Analyst Reports.
Relevant links:
ComfortDelGro Share Price History,
ComfortDelGro Announcements,
ComfortDelGro Dividends & Corporate Actions,
ComfortDelGro News Articles
