- ComfortDelGro's 1Q25 operating earnings rose 45% y-o-y to S$81.5mil. Excluding acquisitions, operating earnings rose 27.5% y-o-y, due to a significant turnaround in the UK – operating earnings spiked from S$0.9mil to S$8mil with the renewal of London bus routes and the contribution from the new Metroline Manchester contract.
- - Read this at SGinvestors.io -
The Positive
Stellar turnaround in UK.
- Excluding acquisitions, UK operating profits spiked from S$0.9mil to S$7.9mil. The jump is due to the maiden contribution of the Manchester bus contract and the re-pricing of legacy low-margin London bus contracts.
- - Read this at SGinvestors.io -
The Negative
High capital expenditure.
- Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
Paul Chew Phillip Securities Research | https://www.poems.com.sg/ 2025-05-16
Read also Phillip's most recent report:
2026-05-14 ComfortDelGro - Weakness In Taxi Spreads.
Previous report by Phillip:
2026-03-04 ComfortDelGro - Worsening Decline In Taxi Fleet.
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
