ComfortDelGro - RHB Research 2025-02-04: Working Towards Building A Global Presence

• ComfortDelGro’s JV with RATP Dev will bid for the Copenhagen metro system’s operation and maintenance (O&M) contract. We believe it is too early to assess the earnings impact as the tender for this contract will be published on 30 Jun 2025, with the final contract to be signed in Aug 2026.

The Copenhagen metro system contract

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• The Copenhagen Metro will prequalify four tenders that will be invited to submit a proposal for the full process. The entire process is expected to culminate with the signing of the final contract of the winning bidder in Aug 2026 and the commencement of the contract in Sep 2027.
• - Read this at SGinvestors.io -

Growth through partnerships.

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Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2025-02-04 SGinvestors.io

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