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SMRT
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happyharvest
Elite |
01-May-2015 19:35
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agree that it can go to $2 and above. expecting it to test the previous high.low crude oil price is a great cost saving for SMRT.
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happyharvest
Elite |
01-May-2015 19:31
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let' s not talk about telco business yet until it is confirmed
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ascend88
Master |
01-May-2015 18:01
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Btw ... Many forgotten abt this :)
BY JOY FANG [email protected]: 4:03 AM, JULY 8, 2014 About three months after SMRT submitted a proposal to sell its rail assets to the Government, the Land Transport Authority (LTA) and the public transport operator are still some way off from reaching any agreement. ?Discussions between SMRT and LTA on the proposal are ongoing and they have not reached any agreement, nor are they close,? Transport Minister Lui Tuck Yew said yesterday in a written reply to questions filed by non-constituency Member of Parliament Gerald Giam. Adding that he was unable to disclose details of SMRT?s proposal, Mr Lui said he understood that there ?remains a wide gap between the opertator?s expectations and LTA?s position?. He said: ?One of LTA?s considerations is that the valuation of SMRT?s business must take into account not only the value of existing assets that SMRT owns but also its current and future capital expenditure obligations, as required under the existing licences.? SMRT has been in talks with the Government for some time on extending the new rail-financing framework ? which was introduced in 2010 and applies to new MRT lines ? to its existing lines. Under this system, the Government will pay for and own rail assets such as the trains and signalling systems, which will be leased to operators. After SMRT said in May that it had submitted a proposal in the previous month, a Transport Ministry spokesperson said it needed to study it in detail and that a transition to the new framework ?will only proceed on mutually acceptable terms to both the Government and the operator?. Joy Fang |
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guiren
Veteran |
01-May-2015 16:30
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Yes, agree, $2 is too low to sell with population growth at 7 millions n Telco business
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enjoylife77
Veteran |
01-May-2015 10:59
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FY2015 Dividend 3.25 cents, 54.4% of PATMI, dividend policy of 60% not fulfilled. |
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ascend88
Master |
01-May-2015 10:25
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No 2$ no sell :) | ||||
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TaiCheong
Member |
01-May-2015 08:42
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More reasons for commuters to be a shareholder.. | ||||
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enjoylife77
Veteran |
01-May-2015 01:53
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Be smart be a shareholder thats the name of the game. |
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nqing87
Supreme |
01-May-2015 01:16
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haha raise more fares, then can earn profits to give dividends.. so effectively we commuters are paying dividends to smrt shareholders..
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TaiCheong
Member |
30-Apr-2015 23:35
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More new trains, faster and more efficient train service.. Means increase of fares again.. :(
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ascend88
Master |
30-Apr-2015 20:45
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SINGAPORE: Transport operator SMRT Corporation on Thursday (Apr 30) reported a 23 per cent rise in fiscal fourth quarter net profit, helped by a jump in non-fare income and a turnaround in bus operations. SMRT, Singapore' s main subway operator, earned S$20.8 million in the three months ended March, up from S$16.9 million in the same period a year ago. Revenue for the quarter rose 7.5 per cent to S$311.2 million. For the full year ended March, net profit rose 47 per cent to S$91 million. Commenting on its results for the quarter, SMRT said its bus operations recorded an operating profit of $0.9 million after 17 consecutive quarters of losses. Among what it termed as non-fare businesses, operating profits from rentals increased by 6.2 percent to S$19.8 million, while operating profit from taxis soared 42 percent to S$5.4 million. SMRT' s train operations, however, suffered its first ever quarterly loss of S$2.4 million in the three months to March. Looking ahead, SMRT said it continues to face increasing operating challenges in the rail business. " There is a need to increase operating expenses to cater to the enlarged fleet of trains, expansion of the network with the commencement of Tuas West Extension operations in FY2017, and intensified repair and maintenance works for the ageing rail system," it said. SMRT added that higher headcount will be required to meet tightened regulatory standards and heightened operational demands on service, reliability and capacity. while further investments will have to be made for the acquisition of new operating assets, asset renewal and life cycle upgrades. - CNA/ek |
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pasttime
Supreme |
24-Apr-2015 21:19
Yells: "gold silver are real money. not others iou." |
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but mac take a location that is of much lesser value, setup their business then sell. smrt could have done something similar wihtout participantion in the business risk.
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agong4
Member |
24-Apr-2015 20:09
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Agree with pink here. Even singtel and cisco diversified to facilities management and some facilities management company diversified to do auctions. As long as diversification makes sense and tap on organisation' s strength, why not ?? |
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pinkowl
Supreme |
20-Apr-2015 12:09
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I was commenting as an investor. As an user, I have been equally frustrated with the frequent breakdowns, but I can' t deny that I am feeling a little desensitized with such news as compared to a few years ago. Maybe the contingency measures helped a little. For sure, they have to buck up on their maintenance. But maintenance and diversification need not be mutually exclusive if led by the right leader. With regards to failure, all businesses/investments come with risks (and rewards)...including our entries or exits made in the stock market. Anyway, things can go anyway and like what you said, it' s not certain at this moment if the deal will go through. Let' s monitor and see what the market says.
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Qanghoo
Supreme |
20-Apr-2015 11:39
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Sorry, need to repost to make clear where I stand. As a spore citizen who has been taking public transport over the last 45 yrs, n seen fares gone up n up, I cldn' t agree with u more. They shd never be distracted by taking on non core business. Recall they had probably paid too much attention on lucrative parts of their business that the core part of MRT maintenance suffered. Telco may sound exciting. But as the telco space becomes more crowded, can the margins be maintained? N will the authorities ensure that the core business does not suffer like before? Also, what if they fail in the telco business, wld it come to a situation where someone needs to bail them out? But like I said earlier, we shall see what happens if n when this telco thing ever materialises.
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Qanghoo
Supreme |
20-Apr-2015 11:35
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As a spore citizen who has been taking public transport over the last 45 yrs, n seen fares gone up n up, I cldn' t agree with u more. They shd never be distracted by taking on non core business. Recall they had probably paid too much attention on lucrative parts of their business that the core part of MRT maintenance suffered. Telco may sound exciting. But as the telco space becomes more crowded, can the margins be maintained? N will the authorities ensure that the core business does not suffer like before? Also, what if they fail in the telco business, wld it come to a situation where someone needs to bail them out? But like I said earlier, we shall see what happens if n when this telco thing ever materialises.
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pretarious
Senior |
20-Apr-2015 11:31
Yells: "Avoid those who profit on your greed or your fears" |
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I agree with Pink. No matter what, SMRT cannot suddenly increase their profits by only providing rider services. Infrastructure cannot increase 2/3 fold suddnely.. While it has media/great retail network etc etc. So possibly invest into these (e.g. Telco - closest to media). |
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pinkowl
Supreme |
20-Apr-2015 11:16
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A lot of businesses diversify. In fact, Mcdonald' s main revenue stream is property investment. Samsung makes military hardware, apartments, ships and operates a Korean amusement park, on top of consumer electronics. I don' t see anything wrong with businesses investing in non-related areas.
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belida88
Member |
20-Apr-2015 11:05
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I think SMRT should stick to doing what it was originally meant to i.e. run the MRT system. The main focus on the management should be to run the MRT business in the most efficient and lowest cost basis for the benefit of the commuter.. After all, the cost of the infrastruture has been paid for with public funds. Going into unrelated businesses will mean that the management will lose focus on the task at hand, the results of which are far from complete. If SMRT is allowed to go into non related businesses then what' s next? Distributing chicken rice? |
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pretarious
Senior |
20-Apr-2015 11:02
Yells: "Avoid those who profit on your greed or your fears" |
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Not challenging you. Fact is that telco' s here are quite profitable, cost of entry quite high (licencing, controlled and regulated market etc etc). Check out other economies and you shall be able to validate. Every business where cost of entry for public owned business is high, is profitable.
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