- Maintain BUY rating, with ComfortDelGro's target price rises to S$1.75, 26% upside from the current ComfortDelGro's share price. Its 2025-2026F dividend yields, at 6.1%-7.1%, are above the market average.
- - Read this at SGinvestors.io -
2024 results update.
- ComfortDelGro’s 2024 PATMI was 3% below our estimate due to higher costs, even though the revenue surprised positively.
- - Read this at SGinvestors.io -
- The other private segment reported strong growth, due to CMAC acquisitions.
- We reduce 2025F earnings by 2.9% and increase 2026F earnings by 2.5%. Our target price includes a 6% ESG premium to the stock’s fair value.
Public transport outlook.
- Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2025-03-03
Read also RHB's most recent report:
2026-06-05 ComfortDelGro - ESG Progress Supports Resilient Earnings.
Previous report by RHB:
2026-05-20 ComfortDelGro - Maintain BUY On Risk/Reward Reset.
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 Dividend Payout Dates & Corporate Actions,
ComfortDelGro News
