ComfortDelGro - Maybank Research 2024-10-25: On The Move; Another Acquisition In The UK

• ComfortDelGro’s wholly-owned subsidiary CityFleet Networks is acquiring a 100% stake in Addison Lee – which operates one of the largest fleets of premium private hire vehicles in London, including managed vehicles, executive cars, chauffeuring services, and courier services for GBP269.1m (S$461.2m).
• - Read this at SGinvestors.io -
• ComfortDelGro intends to fund the purchase with external borrowings as it needs to pay-off Addison Lee’s existing debt facilities in full upon completion.

Enhancing premium P2P capability globally

• Management believes this acquisition will serve as a catalyst for ComfortDelGro’s expansion into the premium mobility market, thus strengthening its overall point-to-point (P2P) proposition in the UK.
• - Read this at SGinvestors.io -

Expects strong synergies with existing businesses

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-11-12 ComfortDelGro - Slow-moving Vehicle; 3Q25 Bottom Line Boosted By Depot Disposal Gains .

Previous report by Maybank:
2025-09-19 ComfortDelGro - Earnings Boost In The Pipeline.

Price targets by 3 other brokers at ComfortDelGro Target Prices.

Listing of research reports at ComfortDelGro Analyst Reports.

Relevant links:
ComfortDelGro Share Price History,
ComfortDelGro Announcements,
ComfortDelGro Dividend Payout Dates & Corporate Actions,
ComfortDelGro News