- The 2025 Fare Review Exercise (FRE) is mildly positive for ComfortDelGro through its 74.4%-owned SBS Transit (SGX:S61), though the earnings uplift would be modest as fare gains could be partly offset by cost pressures and lower bus earnings following the Tampines package loss from 2H26.
Fare adjustment effective 27 Dec 2025
- - Read this at SGinvestors.io -
- Adult card fares will rise by 9-10 cents/trip, while short concession trips (≤ 3.2 km) remain unchanged and longer ones increase by 3-4 cents. Express bus fares will see a higher premium, up 40 cents for adults and 20 cents for concessionary riders. To offset the impact, monthly passes for adults, seniors, workfare recipients, and persons with disabilities will be discounted by up to 5%, and S$60 Public Transport Vouchers will continue for lower-income households.
- - Read this at SGinvestors.io -
Earnings impact.
- 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/.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2025-10-16
Read also RHB's most recent report:
2026-06-05 ComfortDelGro - ESG Progress Supports Resilient Earnings.
Previous report by RHB:
2026-05-20 ComfortDelGro - Maintain BUY On Risk/Reward Reset.
Price targets by 5 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
