Kelsian Group Secures New Bus Services Contract in Singapore

Kelsian Group Limited ( (AU:KLS) ) has issued an update.

Kelsian Group Limited’s subsidiary, Tower Transit Singapore, has secured a new contract with Sentosa Development Corporation to operate and maintain bus services on Sentosa Island, Singapore. This contract, which is initially for five years with a potential extension, is valued at approximately AUD27 million over five years and AUD65 million over ten years. The contract represents a diversification for Tower Transit Singapore, enhancing its client base and revenue growth, while leveraging its existing management team and infrastructure.

The most recent analyst rating on (AU:KLS) stock is a Buy with a A$6.10 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 in the communities it serves. Kelsian is a leader in sustainable public transport, operating Australia’s largest zero-emission bus fleet, and has over 30 years of experience in tourism and passenger transport services.

Average Trading Volume: 1,155,346

Technical Sentiment Signal: Sell

Current Market Cap: A$833.6M

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