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ascend88 Master	21-May-2014 22:19        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fare Business The Group?s overall Fare business recorded a loss of $25.0 million for FY2014. For Train operations, despite a 2.9% increase in ridership, operating profit dropped sharply to $5.5 million from $65.1 million as operating costs, to meet heightened ridership demands and regulatory standards, continued to outpace fare revenue growth. LRT?s losses widened from $1.0 million in FY2013, to $2.1 million in FY2014. For Bus operations, despite a 4.6% increase in ridership and productivity gains, continued to register a loss of $28.4 million for FY2014
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BabyAshley Veteran	21-May-2014 22:17        BabyAshley About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Lol why sell? Buy! Anyway, this is crappy on the surface, it is " nationalised" in a way. But back-end when gov pays them for ' rental' and will compensate any loss etc means they 100% profit from it... After all, the money come from taxpayers. Go one big round back to use our money to pay them.. Just put it in a nicer way.. Isolator      ( Date: 21-May-2014 22:13) Posted: Sell....
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XTC855 Senior	21-May-2014 22:15        XTC855 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Don't follow my investment strategies..I m a big risker"
x 0   x 0  Alert Admin	Very simple lah.. govt should start one ' ntuc fairprice' bus services with low prices and efficient services  and let public decide which buses  they choose to ride rather than monopoly..
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Isolator Supreme	21-May-2014 22:13        Isolator About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Sell....
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BabyAshley Veteran	21-May-2014 22:11        BabyAshley About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	LOL now we know why SMRT share shot up, insiders knew all along... Nice move by SMRT, huat ah!
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HVRRVH Elite	21-May-2014 22:09        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	Govt owns the buses, depots and related infrastructures while pte contractors hire people to drive the buses. Govt decides bus fare and services. Sound good. Obviously govt has to use tax money to fund the operations such as buying buses, petrol and maintenance of the fleet but why not if we can have a more efficient bus service with low fare.  Now what will the government do with the existing buses? Buy over from SMRT and SBS? Then SMRT and SBS pay shareholders special dividend? lifeisgood      ( Date: 21-May-2014 21:56) Posted: In many countries where the public transports are government owned, government is the one that foots all the cost of the train and rail infrastructure, and taxpayers pay. In this sense, in all countries, taxpayers pay for the infrastructure. We are paying for the roads, highways, everything, daily. Once singapore govt assumes all the rail and train and bus assets from the operators, we are just like any other countries. The only difference is the operator is the private sector, not the govt. Govt finds it less efficient to employ people to run the services on its own, so it outsourced to the private sector. This new model will most likely end up govt deciding on the fares, and just pay the operator a contract fee. Govt is implying it will subsidise the fares. So voters wont complain about rising fares so much. In a sense, smrt is just a management company that operates the buses and trains, and in addition, it does retail business at the MRT malls and perform some engineering services. It is a good model for smrt. ascend88      ( Date: 21-May-2014 21:44) Posted: Nice...tax payer pays
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lifeisgood Supreme	21-May-2014 21:56        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	In many countries where the public transports are government owned, government is the one that foots all the cost of the train and rail infrastructure, and taxpayers pay. In this sense, in all countries, taxpayers pay for the infrastructure. We are paying for the roads, highways, everything, daily. Once singapore govt assumes all the rail and train and bus assets from the operators, we are just like any other countries. The only difference is the operator is the private sector, not the govt. Govt finds it less efficient to employ people to run the services on its own, so it outsourced to the private sector. This new model will most likely end up govt deciding on the fares, and just pay the operator a contract fee. Govt is implying it will subsidise the fares. So voters wont complain about rising fares so much. In a sense, smrt is just a management company that operates the buses and trains, and in addition, it does retail business at the MRT malls and perform some engineering services. It is a good model for smrt. ascend88      ( Date: 21-May-2014 21:44) Posted: Nice...tax payer pays
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Siwomp Supreme	21-May-2014 21:53        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	prelude to similar fate for the trains and train stations assets.....?
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ascend88 Master	21-May-2014 21:44        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nice...tax payer pays
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lifeisgood Supreme	21-May-2014 21:40        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Without the burden of major CAPEX (was $600 over million in FY2014), expect huge savings in funding cost, and less depreciation to be written down every year. And the fare segment of SMRT profits will enjoy a big boost, instead of a loss of $25 million in FY2014.
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ascend88 Master	21-May-2014 21:27        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	QE bus service launched ...finally can get the loss making bus service off its shoulder
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Siwomp Supreme	21-May-2014 21:26        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hummm.....what is smrt nav.... ? it will be interesting to see how it trades tomorrow.....
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ysh2006 Supreme	21-May-2014 21:12        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So the moral of this report ? Bus company in Singapore no projects only earn a salary to run it, profi give back to others , no say in ticket fee increase loh...Govt set the fare of bus, public will be happy and start  to vote correctly... topster      ( Date: 21-May-2014 20:56) Posted: Government contracting model With the Bus Service Operating Licences (BSOL) for the two basic bus operators expiring on 31 August 2016, the Land Transport Authority (LTA) intends to restructure the public bus industry to one where it contracts bus operators to operate bus services through a competitive tendering process. LTA will determine the bus services to be provided and the service standards, and bus operators will bid for the right to operate these services. They will be paid fees to operate the services, while fare revenue will be retained by the Government.
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daylight28 Senior	21-May-2014 21:09        daylight28 About Contact  Quote this Post!
x 0   x 0  Alert Admin	end of speculation for transport operators stocks ??
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topster Member	21-May-2014 20:56        topster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Government contracting model With the Bus Service Operating Licences (BSOL) for the two basic bus operators expiring on 31 August 2016, the Land Transport Authority (LTA) intends to restructure the public bus industry to one where it contracts bus operators to operate bus services through a competitive tendering process. LTA will determine the bus services to be provided and the service standards, and bus operators will bid for the right to operate these services. They will be paid fees to operate the services, while fare revenue will be retained by the Government.
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ascend88 Master	21-May-2014 15:38        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	give a clue...read up on MTR...in HK
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ascend88 Master	21-May-2014 15:33        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	bingo lifeisgood      ( Date: 21-May-2014 15:24) Posted: SMRT can also spin off its shopping mall business into a retail reits. BabyAshley      ( Date: 21-May-2014 14:45) Posted: Haha gov buy company? Then we rich loh
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lifeisgood Supreme	21-May-2014 15:24        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	SMRT can also spin off its shopping mall business into a retail reits. BabyAshley      ( Date: 21-May-2014 14:45) Posted: Haha gov buy company? Then we rich loh zhixuen      ( Date: 21-May-2014 14:43) Posted: Pray for nationalization. ~
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BabyAshley Veteran	21-May-2014 14:45        BabyAshley About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Haha gov buy company? Then we rich loh zhixuen      ( Date: 21-May-2014 14:43) Posted: Pray for nationalization. ~ Siwomp      ( Date: 21-May-2014 11:20) Posted: Thank You.....we learn and we share.... Huat Ah
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zhixuen Veteran	21-May-2014 14:43        zhixuen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pray for nationalization. ~ Siwomp      ( Date: 21-May-2014 11:20) Posted: Thank You.....we learn and we share.... Huat Ah! RoundRound      ( Date: 21-May-2014 10:50) Posted: Siwomp, u did a very good analysis on the macro issues facing SMRT today. Company at crossroad at this junctur
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