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Nobody makes money despite a good set of results.
CDG please get your accountants to bring forward their reporting
Vicom and Sbs needs to report within 30 days and CDG within 35 days
Being very late to report, BB's are selling by the time your result is out
Speediman ( Date: 01-Mar-2026 13:27) Posted:
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Yeah you are right speed of charging also matters. I was speaking to a lot of taxi uncles to understand why they don' t switch to EV. They say they want to if the charging situation improves but they cannot afford to waste time sitting around waiting for the car to charge. Not sure why in HK as a comparison so many uber and increasingly taxis now as well are full EV.
Perhaps when the chinese manufacturers roll out their cheaper supercharge options we will see the same in Singapore. Apparently can charge in 5 mins.
Perhaps when the chinese manufacturers roll out their cheaper supercharge options we will see the same in Singapore. Apparently can charge in 5 mins.
Speediman ( Date: 01-Mar-2026 23:01) Posted:
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accumulate for the peace talk
MrBear12 ( Date: 02-Mar-2026 09:12) Posted:
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better to talk than fight.
Delvyss ( Date: 02-Mar-2026 07:34) Posted:
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Trump says Iran leadership agrees to talks after US and Israel strike Tehran
https://sg.news.yahoo.com/trump-says-iran-leadership-agrees-183243512.html
MrBear12 ( Date: 01-Mar-2026 17:48) Posted:
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Most if the hdb ev chargers are laughable. They installed ac7.4 for most of them
AC akes 7-9 hrs to recharge a typical 60KW CAT A ev. By putting just 3-4 charges per hdb, its a matter of time before fights occurs to get the car charged up.
DESPITE govt push for Ev, PM & President still use ICE cars lol
Alignment ( Date: 01-Mar-2026 18:27) Posted:
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Singapore needs to build more EV charging facilities. As a relatively dense country it is well suited to EV but because due to lack of infra too many going down the hybrid route which is a dead end
biofuels in the future
Sgvale ( Date: 01-Mar-2026 15:39) Posted:
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Iran has under sanctioned for decades, it oil market share limited.
Sgvale ( Date: 01-Mar-2026 15:39) Posted:
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No impact? Comfort Delgro taxi fleet use water to run?
beng1102 ( Date: 01-Mar-2026 15:31) Posted:
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This war is in the expected and in the making for weeks already. It it unlikely to have much impact to CDG as share price has not really run up.
Speediman ( Date: 01-Mar-2026 13:27) Posted:
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Unfortunately due to the usual very late reporting of CDG results, the party is over
Now with the war just started 1 day after results, the feel good factor is diminished
If CDG directors read this post, CHANGE is required. Follow the banks to report usually within 35 days after the qtr is over. 45 days after the qtr, the party has ended
As of 2026-03-01, the Intrinsic Value of Comfortdelgro Corporation Ltd (C52.SI) is 2.12 SGD. This C52.SI valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 1.55 SGD, the upside of Comfortdelgro Corporation Ltd is 36.9%.
The range of the Intrinsic Value is 1.64 - 2.94 SGD.
Is C52.SI undervalued or overvalued?
Based on its market price of 1.55 SGD and our intrinsic valuation, Comfortdelgro Corporation Ltd (C52.SI) is undervalued by 36.9%.
Delvyss ( Date: 01-Mar-2026 08:10) Posted:
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Nice! 1.68 is on the way! Next, 1.80!
JurongW ( Date: 27-Feb-2026 19:52) Posted:
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ComfortDelGro H2 earnings up 7.9% at S$124.3 million, full-year revenue hits record S$5 billion
Revenue reflects focused execution of its international growth strategy, says managing director and group CEO Cheng Siak Kian
[SINGAPORE] Transport operator ComfortDelGro (CDG) reported a 7.9 per cent year-on-year rise in earnings to S$124.3 million for the second half of the financial year 2025 ended December.
H2 revenue was up 11.7 per cent at S$2.6 billion, from S$2.4 billion in the corresponding year-ago period. In particular, revenue from its public transport business was 8.2 per cent higher at S$1.7 billion.
On a per-share basis, earnings increased to S$0.0459 from S$0.0425.
Its full-year revenue, at S$5.1 billion, breached the S$5 billion mark for the first time, as international market revenue contributions topped 50 per cent.
&ldquo (For) the first time, our total revenue exceeds S$5 billion while international revenue stood over 50 per cent. This outcome reflects the management&rsquo s focused execution of our growth strategy over the past three years,&rdquo said CDG chairman Mark Greaves.
Increased contributions from other regions included the commencement of UK Metroline Manchester bus contracts, London bus contracts renewed at improved margins, and the completed acquisition of private hire and taxi outfit Addison Lee.
Back home, increased Singapore rail fare revenues also contributed though these were partially offset by the transfer of the Jurong West bus package.
Meanwhile, operating profit from the public transport segment rose 35.3 per cent to S$101.5 million. The group stated this was mainly due to a gain on the disposal of Victoria bus depots as part of newly awarded contracts, contributions from the abovementioned Manchester contracts and improved margins on UK Metroline London bus contracts.
Its taxi and private hire vehicle business revenue surged 21.7 per cent to S$512.6 million, mainly from the incremental revenue from Addison Lee, which was offset by a decrease in the taxi fleet size in Singapore. However, operating profit for this segment fell 25.2 per cent to S$53.9 million.
This decline was mainly attributed to lower revenue contributions in Singapore, alongside higher amortisation expenses of intangible assets arising from the A2B and Addison Lee acquisitions.
Its inspection and testing services segment revenue for the half was up 55.7 per cent to S$96.4 million and operating profit increased 85.4 per cent to S$33 million, mostly as a result of the peak volume of installations of on-board units for Singapore&rsquo s Electronic Road Pricing 2.0 system.
For the second half, revenue from its other private transport segment grew 7.5 per cent to S$250.2 million, contributed by ground transport and accommodation provider CMAC in the UK, but offset by lower contributions from Australia non-emergency patient transport. Operating profit for the segment came in at S$11.3 million, representing a 21.5 per cent drop from S$14.4 million in the second half of 2024.
For FY2025, the group posted a 9.4 per cent improvement in earnings to S$230.3 million, from S$210.5 million. Its top line increased 13 per cent to S$5.1 billion, from S$4.5 billion.
A final dividend of S$0.0459 per share has been proposed, which takes the total dividend for the year to S$0.0850 per share, inclusive of the interim dividend of S$0.0391 per share. This represents a payout ratio of 80 per cent of profit after tax and minority interests.
It will be paid on May 13, subject to shareholder approval.
New reach
ComfortDelGro&rsquo s managing director and group CEO, Cheng Siak Kian, described crossing the S$5 billion revenue mark as a &ldquo defining milestone&rdquo , reflecting strong operational discipline and the focused execution of its international growth strategy.
Revenue from outside the home market of Singapore expanded to 55.3 per cent of total revenue, up from 49.1 per cent the year before, a result of the group&rsquo s focus on internationalisation in recent years.
Revenue from Singapore declined 0.9 per cent to S$2.3 billion, while UK/EU revenue increased 45 per cent to S$1.9 billion and Australia revenue was up 4.3 per cent to S$846 million.
The group&rsquo s balance sheet has reflected this expansion, with capital expenditure increasing 59.9 per cent to S$711.5 year on year, as the group&rsquo s net gearing ratio rose to 19.7 per cent from 6.7 per cent. This was mostly a result of borrowing for the Metroline Manchester fleet and London EV buses.
CDG group chief financial officer Christopher White said the group&rsquo s balance sheet and gearing level were still &ldquo very healthy&rdquo , and the capex number is expected to return to normal after a significant year.
Rail fare increases granted by the Public Transport Council took effect from December 2025. The Tampines public bus package is scheduled for handover to a new operator from July 2026.
London public bus contract renewals are expected to continue at improved margins. The group is participating in ongoing Liverpool and West Yorkshire public bus franchise tenders, as well as the Copenhagen metro tender with RATP Dev.
In Australia, the new Metropolitan Zero Emission Bus franchises in Victoria that commenced in July 2025 will contribute in full in 2026, with industrywide shortage of bus drivers easing.
The business-to-consumer segment is expected to remain under pressure due to intense competition from ride-hailing companies.
Group CEO Cheng said that the focus for 2026 will be to accelerate integration across the group and strengthen its future readiness, as well as improving efficiency through the use of artificial intelligence (AI) and other technologies.
The group is aggressively developing autonomous vehicle (AV) capabilities, with Cheng announcing a new target of making 10 per cent of its point-to-point transport fleet AVs by 2030.
This involves scaling existing operations in China and Singapore, such as its pilot project with AV company Pony.ai in Guangzhou, China, and the Zig Driverless AV shuttle familiarisation programme in Singapore. It is also exploring pilot projects in London.
Cheng added that the use of AI is helping the group improve its customer experience &ndash including interactions with them and providing information on arrival times &ndash which is helping to generate more business opportunities.
PRESS RELEASE
Financial Highlights
S$m FY2025 FY2024 Change
$m $m %
Revenue 5,058.6 4,476.5 13.0
Operating profit 373.0 322.9 15.5
EBITDA 746.7 686.2 8.8
PATMI 230.3 210.5 9.4
EPS - cents 10.63 9.72 9.4
Financial Highlights
S$m FY2025 FY2024 Change
$m $m %
Revenue 5,058.6 4,476.5 13.0
Operating profit 373.0 322.9 15.5
EBITDA 746.7 686.2 8.8
PATMI 230.3 210.5 9.4
EPS - cents 10.63 9.72 9.4
FY25 EPS came in at 10.63 cents. If earnings can sustain 10% growth in FY26, forecast EPS would rise to 11.7 cents
Applying 15x forward PE, fair value is estimated at $1.75.
Let' s watch if it can rerate towards $1.70 and beyond following this positive set of results.
Vested
Applying 15x forward PE, fair value is estimated at $1.75.
Let' s watch if it can rerate towards $1.70 and beyond following this positive set of results.
Vested
Likely to see a mad rush for short covering and push the price up to a high point. Open short position as at 20 Jun 2026 is very high at 31,902,644 shares.
Spike18 ( Date: 27-Feb-2026 16:52) Posted:
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ComfortDelGro Overall Assessment for FY2025
✅ Revenue above S$5 billion a milestone showing scale and growth
✅ Profit up ~9-10 % solid performance for a large transport operator
✅ Diversified earnings and global footprint reduces risk
➡ ️ Conclusion: Yes the FY2025 results are impressive in context. They signal sustainable growth and operational resilience in a capital-intensive, competitive industry especially given the pull-forward of acquisitions and international contracts. It not explosive growth, but it is a strong set of results for a company of this size and complexity.
✅ Revenue above S$5 billion a milestone showing scale and growth
✅ Profit up ~9-10 % solid performance for a large transport operator
✅ Diversified earnings and global footprint reduces risk
➡ ️ Conclusion: Yes the FY2025 results are impressive in context. They signal sustainable growth and operational resilience in a capital-intensive, competitive industry especially given the pull-forward of acquisitions and international contracts. It not explosive growth, but it is a strong set of results for a company of this size and complexity.