ComfortDelGro - RHB Research 2025-09-18: Potential European Opportunity; BUY

• ComfortDelGro’s prequalification for the Copenhagen Metro (CM) contract highlights its growing international rail credentials.
• While near-term earnings impact would be modest, securing the contract would mark a strategic entry into continental Europe and enhance its profile for future global tenders.

Prequalification secured for Copenhagen Metro.

• - Read this at SGinvestors.io -
• ComfortDelGro’s consortium is among three shortlisted operators, alongside Keolis Denmark and Metro Service A/S (ATM Group). The Copenhagen Metro is one of Europe’s most reliable driverless metros, carrying ~400k passengers daily (~126m in 2024, a record high) with >99% operational reliability.
• - Read this at SGinvestors.io -
• Contract award is scheduled for Sep 2026, with operations commencing on 29 Sep 2027.

JV structure and earnings sensitivity.

• Read more at SGinvestors.io.

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

Read also RHB's most recent report:
2025-10-16 ComfortDelGro - Higher Public Transport Fares In Singapore; Still BUY.

Previous report by RHB:
2025-10-08 ComfortDelGro - SBS Transit’s Loss Of Bus Package Is Not Material; Maintain BUY.

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