$ComfortDelGro(C52.SI)$  ComfortDelGro’s Australian unit, CDC Victoria, has secured three major bus franchises in Melbourne worth A$1.6 billion (10-year term). This win represents a 30% growth in its public bus business, adding 86 buses to its fleet, with a new total of 369 buses. The contracts start in July 2025 with a 10-year term. Very high chance that this will give consistent earnings over the  10-year period.

This transition to zero-emission buses supports ComfortDelGro’s commitment to sustainability. The global outlook on electric bus seems promising. The outlook is positive,[Miser]  , with significant growth potential, improving earnings from overseas and a strong focus on environmental impact reduction.,,😎 Looking forward to updates on target prices.

https://www.comfortdelgro.com/news/comfortdelgro-wins-three-bus-franchises-increases-its-market-share-by-30-percent-in-victoria-australia/

https://www.straitstimes.com/business/companies-markets/comfortdelgro-wins-a16-billion-worth-of-bus-tenders-in-australia

https://cdcvictoria.com.au/latest-news/comfortdelgro-australia-wins-bid-to-retain-and-expand-bus-services-in-melbourne/

# 💰 Stocks to watch today?(12 Nov)

Modify on 2024-09-07 19:45

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