ComfortDelGro - RHB Research 2025-11-17: UK Unit Registers Strong Growth; Stay BUY

• We continue to view ComfortDelGro as an attractive yield counter, offering an above-market-average yield, underpinned by earnings expansion from recent acquisitions and further improvements in UK bus contract economics.
• - Read this at SGinvestors.io -

3Q25 results are tracking estimates.

• ComfortDelGro (SGX:C52)’s 3Q25 net profit rose 22% y-o-y and q-o-q to S$70m, bringing 9M25 earnings to S$176m (+15% y-o-y), or 72% of our 2025F.
• - Read this at SGinvestors.io -
• Looking into 2026, we anticipate sustained earnings growth – supported by UK bus margin expansion, stabilisation in the Singapore taxi and private hire business, and the full-year contribution from the Stockholm rail contract.

Public transport.

• 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/.

Previous report by RHB:
2025-10-16 ComfortDelGro - Higher Public Transport Fares In Singapore; Still BUY.

Price targets by 3 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