Kelsian Secures Two-Year Extensions for Singapore Bus Contracts

The latest update is out from Kelsian Group Limited ( (AU:KLS) ).

Kelsian Group Limited announced that its subsidiary, Tower Transit Singapore, has secured two-year extensions for its bus service contracts with the Land Transport Authority of Singapore. These extensions, covering the Bulim and Sembawang-Yishun packages, involve the operation of 59 bus services and maintenance of nearly 800 buses. The contract renewals, which are valued at $204 million annually, reflect Kelsian’s operational excellence and commitment to providing reliable public transport services in Singapore.

The most recent analyst rating on (AU:KLS) stock is a Buy with a A$7.10 price target. To see the full list of analyst forecasts on Kelsian Group Limited stock, see the AU:KLS Stock Forecast page.

More about Kelsian Group Limited

Kelsian Group Limited is Australia’s largest integrated multi-modal transport provider and tourism operator, with operations in Australia, Singapore, USA, UK, and the Channel Islands. The company focuses on delivering safe and intelligent transport solutions to improve sustainability and liveability, and it operates Australia’s largest zero-emission bus fleet.

Average Trading Volume: 1,269,339

Technical Sentiment Signal: Sell

Current Market Cap: A$855.4M

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