- While SBS Transit’s loss of the Tampines Bus Package poses a small earnings drag for ComfortDelGro, we see limited structural impact, as its long-term investment case remains underpinned by an upcoming seasonally strong 3Q, improving UK public transport margins, and stable Singapore point-to-point (P2P) revenue.
- - Read this at SGinvestors.io -
Loss of Tampines Bus Package.
- SBS Transit (SGX:S61), ComfortDelGro’s Singapore bus subsidiary, will hand over the Tampines Bus Package to Go-Ahead Singapore (GAS) from Jul 2026, following the Land Transport Authority’s (LTA) award of a S$646m 5-year contract (with an optional two–5-year extension) to GAS.
- - Read this at SGinvestors.io -
- Under the new contract, GAS will begin operations at the new East Coast Integrated Depot, and manage Tampines Bus Interchange, Tampines Concourse Bus Interchange, Tampines North Bus Interchange and Changi Business Park Bus Terminal.
Limited earnings impact.
- Read more at SGinvestors.io.
