ComfortDelGro - OCBC Investment Research 2025-08-14: A Smooth Ride

ComfortDelGro: 1H25 A Smooth Ride; 2H25 Expected To Be Seasonally Stronger

Published:
ComfortDelGro (SGX:C52) | SGinvestors.io
  • ComfortDelGro’s 1H25 revenue and operating profit grew 14.4% and 22.8% y-o-y to S$2.4b and S$172.5m, respectively. Together with higher finance costs from borrowings drawn down to fund acquisitions and CAPEX, 1H25 PATMI rose 11.2% y-o-y to S$106m.

An in-line set of results

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  • ComfortDelGro’s revenue and PATMI came in at 49.7% and 44% of our initial full year forecasts, respectively, which we deem to have met our expectations given that the latter is in line with 1H24 contribution to full year figures.
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Broad-based growth across all segments

Public Transport segment

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Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.



Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2025-08-14



Read also OCBC's most recent report:
2025-11-13 ComfortDelGro - The People In The Bus Go Up and Down.

Price targets by 2 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






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