ComfortDelGro - Maybank Research 2025-08-14: Still On Track

• ComfortDelGro's 2Q25 PATMI of S$58m and interim DPS of 3.91 cents (or payout ratio of 80%) was spot on with our results preview dated 25 July (see ComfortDelGro - Massive Laggard; Playing Catch-up). For 1H25, net profit of S$106m (+11% y-o-y) formed ~46%/45% of MIBG/consensus full-year forecasts.
• - Read this at SGinvestors.io -

International public transport continues to do well.

• - Read this at SGinvestors.io -
• Singapore rail revenue is also projected to rise along with a steady growth in ridership but management expects higher staff costs given a tight labour market, partially mitigate by the easing of fuel and energy costs. Meanwhile, we understand that renewal of Tampines bus package is still awaiting results of tender.

Leveraging on AV capabilities to stay future ready.

• 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/.

Previous report by Maybank:
2025-07-25 ComfortDelGro - Massive Laggard; Playing Catch-up.

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