ComfortDelGro - UOB Kay Hian 2025-06-11: Increased Taxi Competition Starting 2H25, Plans To Raise Overseas Exposure

• With the recent weakness, we reckon that ComfortDelGro's share price is trading at attractive levels, underpinned by strong earnings growth and a decent 2025 dividend yield of 6%.
• - Read this at SGinvestors.io -
• ComfortDelGro recently announced that it would bid for an overseas rail contract in Melbourne which we estimate to be earnings accretive.

Increased competition from GrabCab.

• GrabCab, a subsidiary of GrabRentals, Grab’s rental arm (GRAB US) announced that it was targeting to launch its domestic street-hail taxi services in Jul 25 starting with a fleet of 40 electric/hybrid cars, making GrabCab the sixth taxi operator in Singapore.
• - Read this at SGinvestors.io -

Incentives to switch.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2025-05-15 ComfortDelGro - 1Q25 In Line, Expect Stronger Sequential Growth.

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