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SMRT
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toheewing
Member |
30-Jan-2013 07:10
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For long term investors of SMRT, this is my 2 cents worth: SMRT just released their 3rd  quarter  results and they say that their profitability will  deteriorate  due to higher operating costs.Staff costs for the Train and Bus operations are expected to significantly increase due to increased headcounts and market wage adjustments.  Maintenance  for train operations will increase due to enlarged train fleet and continuing to improve the  reliability  of the aging fleet and rail network. Source:  http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_49DF1DD28B2E1D4D48257B020034CA10/$file/results.pdf?openelement I personally do not think it is a good choice to acquire any amount of SMRT shares due to their increased operational costs and their lack of visible growth plans or investments for the company. On top of the high operational costs, they are incurring more debts in order to pay dividends to their shareholders. Despite the rapid expansion of the MRT network in Singapore, these railway networks will likely incur costs to maintain. As  reliability is the key to their  operations, long term returns will not be sustainable, especially if they continue to pay dividends to the shareholders in the expense of debt. *Disclaimer: I am not liable for any investment decision you make with regards to this post. Make your own investment decisions. Source: http://investingsgx.blogspot.sg/2013/01/buy-smrt-not-now.html  |
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Octavia
Supreme |
29-Jan-2013 22:13
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SMRT Corp's net profit for the third quarter ended Dec 31, 2012 slumped 31.2 per cent to S$25.5 million despite a 5 per cent rise in revenue to S$281.7 million. The rail operator, which also operates buses and taxis, blamed higher operating expenses and significantly higher bus losses for the drop in profit. It said group revenue had increased mainly on higher train and bus ridership, contribution from the full operation of the Circle Line, and higher taxi and rental revenue. Earnings per share in the quarter were 1.7 cents, down from 2.4 cents in the year-ago period. No dividends were declared. |
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chinastar
Veteran |
21-Jan-2013 07:28
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Happening for good or bad???
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iPunter
Supreme |
18-Jan-2013 09:09
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But the damage is already done... and there is time a lag for things to happen... 
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chinastar
Veteran |
18-Jan-2013 08:57
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Make believe:)
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rutheone1905
Veteran |
04-Oct-2012 12:47
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should start to relook at this counter...... with tat jinx gone i expect it to move up steadily... 好 迷 信 哦 |
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lowchia
Veteran |
03-Oct-2012 22:10
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On Wednesday, SMRT continue to trend sideways and closed at $1.695 with HIGH volume of 1.055 million shares traded. Both RSI & MACD are bullish though RSI in overbought region. Important Resistance of SMRT: $1.715 Immediate Support of SMRT: $1.68 Currently the prices are resisted by 200 days MA. On 1/Oct, prices broke  ............   READ MORE     |
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yabbest
Senior |
03-Oct-2012 20:04
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friend, go thru below link when free, old but very interesting SWOT btwn sbs n smrt esp fr slide 32 onwards...i still waitg to get in, i wont jump its a share allow me to slp peacefully but capital yield upside not much compared to smrt's highs...dividend over 5% ...sbs at 1.35 and smrt at 1.55 will stimulate me whoakakaka   http://www.slideshare.net/ruoting/afa-interpretation-of-financial-statements-sbs-transist-vs-smrt  
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rutheone1905
Veteran |
03-Oct-2012 17:10
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thks yab, like such info.....cheers huat arghhh. go jogging now talk later...... 
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yabbest
Senior |
03-Oct-2012 17:06
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sbs oso ok, gd div, now low cos profit dwn once sengkang punggol lrt and the dunno what line extend done up...profit sure up, only thing is holding power...gd time buy now as BBs not in yet
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rutheone1905
Veteran |
03-Oct-2012 17:00
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i see opportunity in this counter. need to check up the background of this new shihoyi (CEO). if everything good good i will re-enter. i dumped becos kena fine from authority.....sigh good dividend leh.  |
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cashiertan
Elite |
14-Aug-2012 17:54
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the previous ceo and more effective one compared to mr/ms saw is also a ex bg or something. he run the smrt very efficiently but did not expand the retail portions. however under him the cost are keep low and maint and parts are very well run. wouldnt need to incurred the 900mil repair cost if still under him. but too bad temasick asked him to gif way to ho jinx's grass-mates. how much much did this saw make or saved in the 10 yrs compared to the 900mil repair cost!
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cashiertan
Elite |
14-Aug-2012 17:50
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just sold with little profit. not enough volume as expected. may come back again if there is breakout.  
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roys108
Member |
14-Aug-2012 17:46
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New SMRT CEO.. Baris...Sediyak!! BG Desmond Quek.. http://info.sgx.com/webcorannc.nsf/AnnouncementToday/56D98F31EB24A3AB48257A590016F5A8?opendocument |
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1419242
Member |
14-Aug-2012 03:46
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ooopppss~~ makasi for the clarification~
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pantoo
Member |
13-Aug-2012 00:41
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Just want to clarify. Downtown line is not managed by SMRT. It is managed by SBS Transit.
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Sporeguy
Elite |
11-Aug-2012 16:56
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The MTR fare in HKishigher than in Spore. So  SMRT use it to qualify the increase in fare.
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1419242
Member |
11-Aug-2012 03:30
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" SMRT said it is still in talks with LTA on the cost sharing for the S$900 million asset renewal plan. It added that about two-thirds of the asset renewal costs is for the rail infrastructure."   As SMRT keeps expanding its services (downtown line total 3 stages) and promises to renew of its infrastructure, it should be optimistic if there's no more serious breaking down like the last few times~     |
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alexmay
Veteran |
11-Aug-2012 00:23
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I think changing the chairman of PTC should be positive for SMRT, Gerard Ee is out Richard Magnus is in, I think the new chair would be more prone to increase fares by greater amount. Gerard is a welfare guy right? Looking forward for the next PTC meeting. I think Q1 2013?   More can be done to the amount of retail space at MRT stations.  DYODD,  Vested!!    |
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KiLrOy
Elite |
10-Aug-2012 23:24
Yells: "I buy only what I can see." |
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Its time to move north already. :) | ||||||
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