ComfortDelGro's International Expansion Could Drive Growth -- Market Talk

Dow Jones
2025/11/13

0442 GMT - ComfortDelGro's international expansion is likely to drive the transport operator's growth in the coming years, says DBS Group Research's Zheng Feng Chee in a note. The Singapore-based company has leveraged its strong balance sheet to buy overseas businesses that complement its existing operations, he says. The analyst expects operating profit contribution from the company's international businesses to rise to 49% by 2026 from 35% in 2024. Earnings growth next year could be sustained by lower finance costs, continued margin expansion at its U.K. bus business and full-year contribution from a Stockholm rail contract, he says. Still, 4Q could be muted on softer Singapore taxi operations, he adds. DBS maintains its buy rating and S$1.80 target on ComfortDelGro, which trades 0.7% lower at S$1.47.(megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

November 12, 2025 23:42 ET (04:42 GMT)

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