- ComfortDelGro (SGX:C52) was awarded three bus contracts in Australia, with a ~AUD1.6bn contract value to be spread over a 10-year term commencing in Jul 2025. The win allows ComfortDelGro to not only retain its existing contracts but also add new services in its Victoria Public Bus business.
- - Read this at SGinvestors.io -
New contract win in Australia.
- ComfortDelGro has been given contracts to operate bus services in three of the five Melbourne metropolitan zones in Victoria, Australia. The three franchises are worth around AUD1.6bn or S$1.4bn. The contract will last 10 years, beginning in Jul 2025.
- - Read this at SGinvestors.io -
- ComfortDelGro stated that the buses and depots are funded as part of the contracts, and it will switch to zero-emission operations by the conclusion of the contract term. The contracts will include 250 public bus and school routes, served by nearly 360 buses.
One-off earnings impact in 3Q25.
- Read more at SGinvestors.io.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2024-09-06
Read also RHB's most recent report:
2024-09-12 ComfortDelGro - Higher Public Transport Fares In Singapore; BUY.
Price targets by 5 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