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KiLrOy Elite	08-Jul-2015 22:08        KiLrOy About Contact  Quote this Post! Style: Combined   Mood: Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	US dollar up mah. See petrol price also didnt go down. If go back to 1.02 again, it will be like OMG of the year.   spore1      ( Date: 08-Jul-2015 22:04) Posted: Oil prices down so much also can raise fares...without all these thnk it will b below $1 spore1      ( Date: 08-Jul-2015 21:58) Posted: Why pay so much to manage a TPT comp?Think is unjustifiable .So many breakdowns yet still raises fares..
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spore1 Supreme	08-Jul-2015 22:04        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil prices down so much also can raise fares...without all these thnk it will b below $1 spore1      ( Date: 08-Jul-2015 21:58) Posted: Why pay so much to manage a TPT comp?Think is unjustifiable .So many breakdowns yet still raises fares..
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spore1 Supreme	08-Jul-2015 21:58        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why pay so much to manage a TPT comp?Think is unjustifiable .So many breakdowns yet still raises fares..
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buysellbuysell Master	08-Jul-2015 21:56        buysellbuysell About Contact  Quote this Post! Style: Flexible   Mood: Yells: "someone please sell down low so that others can buy low"
x 0   x 0  Alert Admin	SMRT.... maybe 1.3x.... maybe only if the bad news still continue to swim around.
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KiLrOy Elite	08-Jul-2015 21:55        KiLrOy About Contact  Quote this Post! Style: Combined   Mood: Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	50 MIL fine will wake the mgmt up.   Maybe a overdue reorg from the rank up - down is needed. WanSiTong      ( Date: 08-Jul-2015 18:14) Posted: Update SMRT breakdown could result in $50 million fine, says Maybank Kim Eng July 8, 2015 : 5:59 PM Singapore' s largest MRT breakdown in its 27 years of operating history could result in a fine of as much as $ 50 million on operator SMRT Corporation , according to Maybank Kim Eng analyst Derrick Heng in a July 8 note. The three-hour-long evening peak-hour disruption of service on the two mainlines, North-South and East-West Lines on July 7, affected some 250,000 commuters. The disruption came hours after SMRT, the operator of these two lines, held its annual general meeting where shareholders passed all resolutions Among the resolutions were a 99.92% " yes" vote for directors' fees -. Including CEO Desmond Kuek' s total package of between $ 2.25 million and $ 2.5 million. In a July 8 press conference co-chaired with regulator Land Transport Authority, Kuek apologised for the breakdown. Prime Minister Lee Hsien Loong, in a Facebook post later in the evening, said he is " very concerned" with the breakdown, although trains ran without hitches today thus far. However, the root cause of the power trip has not been identified. " We are still very worried that the problem may recur. Hope we identify and resolve the faults quickly, to prevent further inconvenience to commuters," he said. Heng notes that back in Feb 17 2014, the parliament passed a bill to increase the maximum fine for every rail disruption to 10% of an operator' s annual fare revenue for the rail line affected. The previous maximum penalty was just $ 1 million, which was slapped on the operator for the two major disruptions back in December 2011. In between, there were another four incidents between Oct 2013 and May 2014, which led to a total fine of $ 1.6 million. In FY2015, SMRT generated $ 644 million in rail revenue for the North-South and East-West Lines, as well as the Circle Line, which translates into a maximum 10% fine of $ 64.4 million. The Circle Line, which sees lower traffic, was not affected in yesterday' s disruption and thus Heng estimates the maximum penalty to be closer to $ 50 million. " While the actual fine may be much lower than the maximum possible, it nonetheless poses risks to our forecasts," states Heng. For now, pending further investigations and actions by the regulators, Heng is maintain his " hold" call and price target of $ 1.57 on SMRT pegged to 20 times FY16 earnings. SMRT shares closed the day four cents lower, to $ 1.505.
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happyharvest Elite	08-Jul-2015 19:38        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	break the weekly EMA 200 but now at weekly SMA 200. ) marubozu1688      ( Date: 08-Jul-2015 15:51) Posted: support broken! all hell break lose! happyharvest      ( Date: 21-Jun-2015 23:13) Posted: supported by weekly 200SMA/EMA. short at your own risk.
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WanSiTong Supreme	08-Jul-2015 18:14        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Update SMRT breakdown could result in $50 million fine, says Maybank Kim Eng July 8, 2015 : 5:59 PM Singapore' s largest MRT breakdown in its 27 years of operating history could result in a fine of as much as $ 50 million on operator SMRT Corporation , according to Maybank Kim Eng analyst Derrick Heng in a July 8 note. The three-hour-long evening peak-hour disruption of service on the two mainlines, North-South and East-West Lines on July 7, affected some 250,000 commuters. The disruption came hours after SMRT, the operator of these two lines, held its annual general meeting where shareholders passed all resolutions Among the resolutions were a 99.92% " yes" vote for directors' fees -. Including CEO Desmond Kuek' s total package of between $ 2.25 million and $ 2.5 million. In a July 8 press conference co-chaired with regulator Land Transport Authority, Kuek apologised for the breakdown. Prime Minister Lee Hsien Loong, in a Facebook post later in the evening, said he is " very concerned" with the breakdown, although trains ran without hitches today thus far. However, the root cause of the power trip has not been identified. " We are still very worried that the problem may recur. Hope we identify and resolve the faults quickly, to prevent further inconvenience to commuters," he said. Heng notes that back in Feb 17 2014, the parliament passed a bill to increase the maximum fine for every rail disruption to 10% of an operator' s annual fare revenue for the rail line affected. The previous maximum penalty was just $ 1 million, which was slapped on the operator for the two major disruptions back in December 2011. In between, there were another four incidents between Oct 2013 and May 2014, which led to a total fine of $ 1.6 million. In FY2015, SMRT generated $ 644 million in rail revenue for the North-South and East-West Lines, as well as the Circle Line, which translates into a maximum 10% fine of $ 64.4 million. The Circle Line, which sees lower traffic, was not affected in yesterday' s disruption and thus Heng estimates the maximum penalty to be closer to $ 50 million. " While the actual fine may be much lower than the maximum possible, it nonetheless poses risks to our forecasts," states Heng. For now, pending further investigations and actions by the regulators, Heng is maintain his " hold" call and price target of $ 1.57 on SMRT pegged to 20 times FY16 earnings. SMRT shares closed the day four cents lower, to $ 1.505.
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9hly99 Veteran	08-Jul-2015 18:08        9hly99 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Finally ceo apologise to public 9hly99      ( Date: 08-Jul-2015 05:54) Posted: The ceo normally dun address the public..He sends his men to face the public and also the transport minister will apologise to the public...bIt never hear anything from ceo...I think the ceo pay is very high....not sure if it is higher than minister....comments?
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Composure Senior	08-Jul-2015 17:22        Composure About Contact  Quote this Post!
x 0   x 0  Alert Admin	im appeased.  forgive n forget :) Composure      ( Date: 07-Jul-2015 22:39) Posted: v pek chek. going to use all i have to short it tmr. really speechless lingua101      ( Date: 07-Jul-2015 19:53) Posted: I think tomorrow can short this counter. Today no mrt service. North South and east west line are all stops. Worst is how the handle the crisis IA. Cheat people 79cents
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buysellbuysell Master	08-Jul-2015 16:17        buysellbuysell About Contact  Quote this Post! Style: Flexible   Mood: Yells: "someone please sell down low so that others can buy low"
x 0   x 0  Alert Admin	SMRT down ~$0.05 or ~3.236%..... lol    buysellbuysell      ( Date: 08-Jul-2015 00:25) Posted: SMRT may drop around 2% - 5% tomorrow with some investors exiting the counter due to bad news. bad news is like smelly tofu.. especially national carriers like SMRT. minister lui tuck yew should get the SMRT management to recruit highly responsible people with good pay packets to ensure the maintenance is done diligently, professionally and with people with high integrity.  the national carrier should be maintain and worked on by singaporean locals preferrably but it is kind of hard to find as singaporeans not many actually... and not much talented... coming to the story of little singaporean population.... the govt should build bigger HDB flats with 7 or 8 rooms to ensure the property prices go down effectively and also singaporeans who gave births got enough rooms for the following sleep, sleep, sleep, sleep, study, living, idea, baby, store that' s 8 to 9 rooms for a family of 6 to 8 people. how to stay a big family with 3 and 4 room flat... the govt of singaporean not thinking probably... 3 and 4 room flats are for population control countries like china and india... singapore need bigger HDB flats with many rooms of good size. not pigeon size. i drifted a little away from SMRT... but it' s just my views.
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marubozu1688 Master	08-Jul-2015 15:51        marubozu1688 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Be humble in front of Mr. Market."
x 0   x 0  Alert Admin	support broken! all hell break lose! happyharvest      ( Date: 21-Jun-2015 23:13) Posted: supported by weekly 200SMA/EMA. short at your own risk. marubozu1688      ( Date: 21-Jun-2015 13:59) Posted: SMRT rejected at 20D SMA with evening start! http://mystocksinvesting.com/singapore-stocks/smrt/smrt-breakdown-from-symmetrical-triangle-shorting-time/
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blurnanke Member	08-Jul-2015 12:28        blurnanke About Contact  Quote this Post!
x 0   x 0  Alert Admin	There are talents out there in other countries who can operate and maintain MRT systems with much less problem than our SMRT. I would even dare say that the MRT in China is much better than ours, as I have been taking Shanghai MRT many times there. The crowd carrying capacity per car is much higher, and the car speed is also much higher than ours. We like to laugh at Chinaman technology and dont have the humility to learn from them.  It is time to eat humble pie and accept the fact that when we need foreign expertise and talent, we must go and hire them. I dont think we need to pay $2.5M to get a talent in. Bureaucrats are good at maintaining systems but not good at solving engineering problems. We need some foreign engineering talents with years of real experienceat taking high level positions in SMRT. Uncle Lui should be daring enough to make this change. I have heard from the vineyard that China is able to develop high speed rail technology so fast is because they employ many retired Japanese engineers to work for them. Japs dont need visa to go China, so talents get imported in easily without hassle.  Again, these Japs dont cost $2.5M each.    victortan      ( Date: 08-Jul-2015 00:07) Posted: I thought they send a capable guy CEO from army, that was quite sometime ago, do we need to give him 1 more yr to let him solve our problem. I think the pay increase is too little, that is why it is not working!!!
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haruta Elite	08-Jul-2015 12:04        haruta About Contact  Quote this Post!
x 0   x 0  Alert Admin	Complain not happy then dont take mrt or buses lor. Take cab or buy a car and drive. Its your choice. Just like hdb if think system is questionable u can dont buy flats from hdb. There are other choices like landed property or simply just go out of sg to live if really so dissatisfied. Else comment so much got wat use.
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lingua101 Veteran	08-Jul-2015 11:45        lingua101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If they need to shutdown for a week to rectify the problem then better do so.  But make sure after a week shutdown they give a good and reliable service and no more breakdown.  As far as I can recall, this frequent breakdown has been there since like 3-4 years ago until now, I bet they still do not know what need to be fixed.
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wangerism Master	08-Jul-2015 11:30        wangerism About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	the result of awarding to the cheapest tender for projects... same goes to hdb. the whole system is questionable...
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bikerlover Member	08-Jul-2015 10:28        bikerlover About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Good luck to your investing!!"
x 0   x 0  Alert Admin	SMRT too good already.  Operate everyday with no off days and only do servicing in the middle of the night that' s why will have occasionally breakdowns. If SMRT got schedule maintainence - like shutting down their systems for 1 or  2 days over the weekend(or a period of time)  for a planned maintainence, maybe the possibility of a breakdown will be greatly reduced.   Now SMRT are just servicing and servicing the public with no leave or off and get sick itself.  Thankful to SMRT that they got it up in 3.5hours.  And that SMRT have the courage to shutdown the whole system to do a thorough rectification.  Thank you again!
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lingua101 Veteran	08-Jul-2015 09:01        lingua101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Exactly. Fining them won' t solve the problem. LTA should impose this - for each breakdown, the specific operator must provide a week of free ride. - there should be a system to judge if it is worthy to increase fare base on the level of service (aka number of break down). As breakdown shows bad quality of service then it is not worth for fare increase until they dolve the problem.   Each break down they will get 1 mark.   Each mark show how many of years before they can ask for fare increase.   This also means number of years they have to improve their service.   If within a year no breakdown they will be rewarded by reducing 1 mark.   if we really implement this, i wonder how many years they have to wait before they can ask for fare increase ) nqing87      ( Date: 07-Jul-2015 21:16) Posted: no problem.. can raise train fares again to cover increased " expenditures" marubozu1688      ( Date: 07-Jul-2015 20:32) Posted: I think SMRT will kena fine again!
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haruta Elite	08-Jul-2015 08:30        haruta About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hahas. Dont care. As long gimme free ride happy enough. I dont take bus. When i was in msia lastime, bus broke down have to switch other buses from other co and pay additional trip. So we are in singapore and shall not complain. At least public transport managed by one main operator which is smrt. U go msia the public transport managed by many different private operators created many headaches for passengers. Not to mention abt other countries. Infrastructure in sg alry considered quite good. Once in a while hiccup just got to accept as life. Chill. Otherwise take cab must pay abt $15-$20 per trip. How? smartrader      ( Date: 08-Jul-2015 08:23) Posted: Free ride but they forgot to cater for bus transfer as we paid by distance . Remember ? haruta      ( Date: 08-Jul-2015 08:18) Posted: Got free ride tdy. No complaints from me. Happy.
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smartrader Elite	08-Jul-2015 08:23        smartrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Free ride but they forgot to cater for bus transfer as we paid by distance . Remember ? haruta      ( Date: 08-Jul-2015 08:18) Posted: Got free ride tdy. No complaints from me. Happy.
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gavinl Supreme	08-Jul-2015 08:21        gavinl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tks for clarifying again, what i meant is no matter fine how much, it still goes back to the " family" . Lol. I might be wrong. Pls don't qoute me. Lol Qanghoo      ( Date: 08-Jul-2015 07:42) Posted: While TH has an interest in SMRT, it is a commercial business n there are other investors who are shareholders too.  Like other businesses, it pays taxes n is liable for fines n other penalties imposed by the State for any transgression.  All taxes n other revenues collected by the State, including forfeitures n fines go into what is known as the Cosolidated Fund.  Out of this Fund, Parliament decides on the allocation of various items of expenditure required by ministries n public  agencies, including funding of public subsidy n other schemes that cater to the needy.  This is my understanding.  Apologies if there are any inaccuracies.  If so, hope someone cld help improve it.  gavinl      ( Date: 08-Jul-2015 06:23) Posted: Thanks bro. Lol, SMRT belongs to who? Government? Lo
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