Back

Latest Forum Topics / SMRT

Post Reply

Seatrium - Sea of Hopes & Atrium of Surprises (II) Post Reply Rate topic
Demostation Supreme	22-May-2014 11:52        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Coming down, lah where got up? BabyAshley      ( Date: 22-May-2014 11:48) Posted: Up up and away!
Useful To Me  Not Useful To Me
ascend88 Master	22-May-2014 11:51        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes
Useful To Me  Not Useful To Me
BabyAshley Veteran	22-May-2014 11:48        BabyAshley About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Up up and away!
Useful To Me  Not Useful To Me
Qanghoo Supreme	22-May-2014 11:34        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don' t think Tumasek will ever take SMRT private. It sees itself as a value investor and not within its ambit to ensure an efficient public transport service.  That is the obligation of the govt.  My view is that if the govt is making the revolutionary change in bus service, it might do the same for train service and allow operators to operate asset-light, which wld in the end allow other competitors to challenge the incumbents.  If this is the intention, the govt will probably take back the retail space as well, to help defray the govt&rsquo s operating costs so that tax payers will not be overtaxed. As a public bus user for the past 40 yrs, I am not sure how  tangible  a  benefitthe the new mode of bus operations will bring.  It is likely to be quite a challenge, for example, to reduce the waiting time for commuters, especially during peak hours.  The present problem may be due more to the very huge commuter size (population grown too big at too fast a pace for the  road network to be able to cope with???) rather the reluctance of the bus operators to provide more buses.  Providing more buses will only increase the congestions on the roads, at bus stops and at interchanges.  It is this congestion that has a major impact on waiting time during peak hours from my observations.  Whether I am right or wrong only time will tell.  I have a haunch though it&rsquo s gonna be a mammoth challenge which to govt may not have fully foreseen.
Useful To Me  Not Useful To Me
lifeisgood Supreme	22-May-2014 11:28        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the reason why the previous lady CEO Saw Peck Wah was fired. She short changed the commuters with lousy trains and maintenance. Now Temasek must come in to fix it. It needs very deep pockets. And it is not a one off kind of things. It will be year in, year out, renewals &   maintenance. A private company does not have the resources to do it. Siwomp      ( Date: 22-May-2014 11:21) Posted: The other possible step that smrt can do is to spin off the retail shops as reits to raise the funding for the trains and track overhual......and if they are really looking long term, they should not buy China made trains.... if LL must buy from China due to whatever reasons, get lots of experienced people who are proud of ther works (like the Germans and Swiss or "Old School" Singaporeans) to be at least the QA over in the China factories........If you have dealings with the Chinese suppliers, you will know what I mean.
Useful To Me  Not Useful To Me
Siwomp Supreme	22-May-2014 11:21        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	The other possible step that smrt can do is to spin off the retail shops as reits to raise the funding for the trains and track overhual......and if they are really looking long term, they should not buy China made trains.... if LL must buy from China due to whatever reasons, get lots of experienced people who are proud of ther works (like the Germans and Swiss or "Old School" Singaporeans) to be at least the QA over in the China factories........If you have dealings with the Chinese suppliers, you will know what I mean.
Useful To Me  Not Useful To Me
Siwomp Supreme	22-May-2014 11:06        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well if Temasek is taking SMRT private and not the Singapore Govt buying over of the assets (the 2 entities are diff)....then maybe we can see a "Olam thingy" again.... then investor in SMRT now Huat lieow. lifeisgood      ( Date: 22-May-2014 10:53) Posted: You are wrong. If Temasek take back the assets, it will launch more lines, more services, less waiting times, and provide better maintenance to the infrastructure. It is a major win for the  govt  in terms of its  ability to take care of the  majority population.  Furthermore, it may stop raising fares. This will benefit MAJORITY of the Singaporeans who use one form of public transport or another. This is a way Temasek can give back to society. Siwomp      ( Date: 22-May-2014 10:45) Posted: The Govt can do that, and the voting public will cried foul.... taking money from the rich & poor and giving it to the rich only........bad PR move by the Govt if that is the case. Good luck to them come 2016 as 1 to 2 million voting public will be remindered daily (commuting on the MRT) of the SMRT years of excesses, mis-management and possible a massive indirect bail-out using Taxpayers money......It's their call, it's their gamble
Useful To Me  Not Useful To Me
Siwomp Supreme	22-May-2014 11:02        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Err..... what is our CPF average return annually? what is Temasek & GIC average return annually? Temasek owns majority of singtel and we are paying one of the highest rate to see world cup.... Temasek have significant stakes in property counters and we are paying premium for our condos...... Temasek also have stakes in reits... and the rentals are killing the SMEs.........dyodd..... lifeisgood      ( Date: 22-May-2014 10:53) Posted: You are wrong. If Temasek take back the assets, it will launch more lines, more services, less waiting times, and provide better maintenance to the infrastructure. It is a major win for the  govt  in terms of its  ability to take care of the  majority population.  Furthermore, it may stop raising fares. This will benefit MAJORITY of the Singaporeans who use one form of public transport or another. This is a way Temasek can give back to society. Siwomp      ( Date: 22-May-2014 10:45) Posted: The Govt can do that, and the voting public will cried foul.... taking money from the rich & poor and giving it to the rich only........bad PR move by the Govt if that is the case. Good luck to them come 2016 as 1 to 2 million voting public will be remindered daily (commuting on the MRT) of the SMRT years of excesses, mis-management and possible a massive indirect bail-out using Taxpayers money......It's their call, it's their gamble
Useful To Me  Not Useful To Me
lifeisgood Supreme	22-May-2014 10:53        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are wrong. If Temasek take back the assets, it will launch more lines, more services, less waiting times, and provide better maintenance to the infrastructure. It is a major win for the  govt  in terms of its  ability to take care of the  majority population.  Furthermore, it may stop raising fares. This will benefit MAJORITY of the Singaporeans who use one form of public transport or another. This is a way Temasek can give back to society. Siwomp      ( Date: 22-May-2014 10:45) Posted: The Govt can do that, and the voting public will cried foul.... taking money from the rich & poor and giving it to the rich only........bad PR move by the Govt if that is the case. Good luck to them come 2016 as 1 to 2 million voting public will be remindered daily (commuting on the MRT) of the SMRT years of excesses, mis-management and possible a massive indirect bail-out using Taxpayers money......It's their call, it's their gamble. lifeisgood      ( Date: 22-May-2014 10:20) Posted: SMRT has about $1.5 billion worth of long term assets on  its books. Think about the money they will get back from the govt should they divest their assets back to the govt. It will be a lot! And furthermore,  it can always rent the facilities from the govt. But I dont think govt wants to take back the shops in the first place. One must look at it in the context of why govt is taking back the buses. It is because govt knows it has to subsidise the buses infrastructure in order to provide top notch quality services. This has nothing to do with the SMRT shops. So in all likelihood, the shops will stay with SMRT. Furthermore, SMRT did not propose to the govt to take back the shops. Whereas the bus and trains were in its proposal to the govt. Govt did not " volunteer" to take back the buses. They were sold.
Useful To Me  Not Useful To Me
Siwomp Supreme	22-May-2014 10:45        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Govt can do that, and the voting public will cried foul.... taking money from the rich & poor and giving it to the rich only........bad PR move by the Govt if that is the case. Good luck to them come 2016 as 1 to 2 million voting public will be remindered daily (commuting on the MRT) of the SMRT years of excesses, mis-management and possible a massive indirect bail-out using Taxpayers money......It's their call, it's their gamble. lifeisgood      ( Date: 22-May-2014 10:20) Posted: SMRT has about $1.5 billion worth of long term assets on  its books. Think about the money they will get back from the govt should they divest their assets back to the govt. It will be a lot! And furthermore,  it can always rent the facilities from the govt. But I dont think govt wants to take back the shops in the first place. One must look at it in the context of why govt is taking back the buses. It is because govt knows it has to subsidise the buses infrastructure in order to provide top notch quality services. This has nothing to do with the SMRT shops. So in all likelihood, the shops will stay with SMRT. Furthermore, SMRT did not propose to the govt to take back the shops. Whereas the bus and trains were in its proposal to the govt. Govt did not " volunteer" to take back the buses. They were sold. Siwomp      ( Date: 22-May-2014 09:54) Posted: NAV $0.52... so govt offer to buy up all assets will not be too far from NAV ($0.60 to $0.80 perhaps?).....if retail shops also take back (since they are in the train stations) then like I say....bye bye to generous dividend payout
Useful To Me  Not Useful To Me
lifeisgood Supreme	22-May-2014 10:20        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	SMRT has about $1.5 billion worth of long term assets on  its books. Think about the money they will get back from the govt should they divest their assets back to the govt. It will be a lot! And furthermore,  it can always rent the facilities from the govt. But I dont think govt wants to take back the shops in the first place. One must look at it in the context of why govt is taking back the buses. It is because govt knows it has to subsidise the buses infrastructure in order to provide top notch quality services. This has nothing to do with the SMRT shops. So in all likelihood, the shops will stay with SMRT. Furthermore, SMRT did not propose to the govt to take back the shops. Whereas the bus and trains were in its proposal to the govt. Govt did not " volunteer" to take back the buses. They were sold. Siwomp      ( Date: 22-May-2014 09:54) Posted: NAV $0.52... so govt offer to buy up all assets will not be too far from NAV ($0.60 to $0.80 perhaps?).....if retail shops also take back (since they are in the train stations) then like I say....bye bye to generous dividend payout. lifeisgood      ( Date: 22-May-2014 09:27) Posted: Property stocks trade on NAV. Many other stocks trade on profitability and earnings projections, PE, etc. I see SMRT mainly as a cash cow, as soon as govt take back the expensive rail network and train infrastructure. Think of it as the asset light model like ARA asset management
Useful To Me  Not Useful To Me
BabyAshley Veteran	22-May-2014 10:06        BabyAshley About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Why jump to sell? I bought in at 1.38 again... Think of who is the one keep topping up the buying... Who is the one selling (scared retailers) ... Well, do your own analysis don' t look at forums only...
Useful To Me  Not Useful To Me
Shirleyfong88888 Veteran	22-May-2014 10:04        Shirleyfong88888 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Tks bro 万 ！ I alway 1 step late. small small young fry no fast enough leh!😓 WanSiTong      ( Date: 22-May-2014 09:56) Posted: Buy on rumours  & sell on news !   Shirleyfong88888      ( Date: 22-May-2014 09:49) Posted: is the counter overbought? My paper: Govt to buy up buses to crack riding riddle
Useful To Me  Not Useful To Me
WanSiTong Supreme	22-May-2014 09:56        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Buy on rumours  & sell on news !   Shirleyfong88888      ( Date: 22-May-2014 09:49) Posted: is the counter overbought? My paper: Govt to buy up buses to crack riding riddle   john_ric      ( Date: 22-May-2014 09:21) Posted: Share price plunge leh.
Useful To Me  Not Useful To Me
Isolator Supreme	22-May-2014 09:56        Isolator About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Run.....
Useful To Me  Not Useful To Me
Siwomp Supreme	22-May-2014 09:54        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	NAV $0.52... so govt offer to buy up all assets will not be too far from NAV ($0.60 to $0.80 perhaps?).....if retail shops also take back (since they are in the train stations) then like I say....bye bye to generous dividend payout. lifeisgood      ( Date: 22-May-2014 09:27) Posted: Property stocks trade on NAV. Many other stocks trade on profitability and earnings projections, PE, etc. I see SMRT mainly as a cash cow, as soon as govt take back the expensive rail network and train infrastructure. Think of it as the asset light model like ARA asset management. Siwomp      ( Date: 22-May-2014 09:22) Posted: SMRT NAV $0.527........
Useful To Me  Not Useful To Me
Shirleyfong88888 Veteran	22-May-2014 09:49        Shirleyfong88888 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	is the counter overbought? My paper: Govt to buy up buses to crack riding riddle   john_ric      ( Date: 22-May-2014 09:21) Posted: Share price plunge leh.
Useful To Me  Not Useful To Me
lifeisgood Supreme	22-May-2014 09:48        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Correct. In most countries, it goes like this: Taxpayers subsidise governments, then governments subsidise the commuters through artificially low fares thatb may not cover cost. And govt pay the operators using taxpayers money, whether the operators are outsource or employees of government. And whether the outsourced operator is listed or not is really irrelevant. Sporeguy      ( Date: 22-May-2014 09:43) Posted: When it is nationalised, the commuters are all sudsidized too, in fact more. zhixuen      ( Date: 22-May-2014 09:30) Posted: then SMRT should be nationalized instead of using investor money to subsidise citizens.
Useful To Me  Not Useful To Me
Sporeguy Elite	22-May-2014 09:43        Sporeguy About Contact  Quote this Post!
x 0   x 0  Alert Admin	When it is nationalised, the commuters are all sudsidized too, in fact more. zhixuen      ( Date: 22-May-2014 09:30) Posted: then SMRT should be nationalized instead of using investor money to subsidise citizens.   lifeisgood      ( Date: 22-May-2014 09:20) Posted: Most countries subsidise the rails and subways. It is just meant to be an affordable public transport, not a commercial operation. Profit motive must not be a consideration at all. Then citizens will be very happy
Useful To Me  Not Useful To Me
lifeisgood Supreme	22-May-2014 09:37        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sure, Temasek can offer to buy back the whole SMRT and nationalise it. Unfortunately, once a company is listed like SMRT, there is no guarantee Temasek can buy back all the shares outstanding, unless the offer is ridiculously attractive. I hate to use the word privatisation as it may be misleading. And even after Temasek nationalise SMRT, it would still need to outsource to some external rail and train and bus operators. So what is the difference? I am waiting for either Temasek to buy back all those SMRT assets, or a " privatisation/ nationalization" offer. Either one is fine with me. zhixuen      ( Date: 22-May-2014 09:30) Posted: then SMRT should be nationalized instead of using investor money to subsidise citizens.   lifeisgood      ( Date: 22-May-2014 09:20) Posted: Most countries subsidise the rails and subways. It is just meant to be an affordable public transport, not a commercial operation. Profit motive must not be a consideration at all. Then citizens will be very happy
Useful To Me  Not Useful To Me

                                                         First   < Newer   2001-2020 of 4752   Older>   Last