ComfortDelGro - Maybank Research 2025-09-19: Earnings Boost In The Pipeline

• ComfortDelGro and RATP Dev’s JV consortium, KBH Metro Partner has been prequalified to bid for an operations and maintenance contract for the Copenhagen Metro. Tender submission is only in 1Q26 with award likely around 3Q26.
• - Read this at SGinvestors.io -

JV prequalifies to bid for 24/7 Copenhagen Metro.

• - Read this at SGinvestors.io -
• The total contract value is worth EUR2.4b over a 12-year period (29 Sep’27 to 2039) with an option to extend for another 3 years. We estimate that ComfortDelGro’s share of the contract is about S$750m (or S$62.5m on a yearly basis).
• Based on historical track record, the group said its success rate is above 50% for new tenders and >90% for tender renewals.

Acquires the remaining stake of CityCab.

• 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:
2025-08-14 ComfortDelGro - Still On Track.

Price targets by 4 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