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Latest Forum Topics / SBS Transit    Last:3.49 --  Post Reply
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PhillipTan
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13-Oct-2021 10:55     
 
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 Alert Admin 		Since share prices movements are never certain....
Well, people will need to book and pay the air tickets in advance first, maybe a month or two in advance or even further
So maybe... Maybe other similar transport companies but landwise, such as SBS or CDG, will then slowly see the ridership increase after the lag time has passed
So hopefully if SIA share price picks up now, SBS will follow suit
Maybe a month or two later
 

tongphlp      ( Date: 13-Oct-2021 08:54) Posted:

I like your thinking :)
Right to a certain extent...

PhillipTan      ( Date: 13-Oct-2021 08:44) Posted:

Traveller to Singapore must first fly here before they can take the bus, mrt or taxi right?
So SIA will go up first before SBS right?
 
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tongphlp
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13-Oct-2021 08:54     
 
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 Alert Admin 		I like your thinking :)
Right to a certain extent...

PhillipTan      ( Date: 13-Oct-2021 08:44) Posted:

Traveller to Singapore must first fly here before they can take the bus, mrt or taxi right?
So SIA will go up first before SBS right?
 

tongphlp      ( Date: 12-Oct-2021 11:13) Posted:

SQ already up up and flying....SBS - Sure Boh SBS? :
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PhillipTan
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13-Oct-2021 08:44     
 
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 Alert Admin 		Traveller to Singapore must first fly here before they can take the bus, mrt or taxi right?
So SIA will go up first before SBS right?
 

tongphlp      ( Date: 12-Oct-2021 11:13) Posted:

SQ already up up and flying....SBS - Sure Boh SBS? :)

look@bright      ( Date: 12-Oct-2021 11:07) Posted:

Ascending triangle intact for waiting for breakout. Rotation from Air to Land soon :)
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look@bright
Elite
12-Oct-2021 11:14     
 
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 Alert Admin 		must have confident in SBS and believe it will lol

tongphlp      ( Date: 12-Oct-2021 11:13) Posted:

SQ already up up and flying....SBS - Sure Boh SBS? :)

look@bright      ( Date: 12-Oct-2021 11:07) Posted:

Ascending triangle intact for waiting for breakout. Rotation from Air to Land soon :)
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tongphlp
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12-Oct-2021 11:13     
 
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 Alert Admin 		SQ already up up and flying....SBS - Sure Boh SBS? :)

look@bright      ( Date: 12-Oct-2021 11:07) Posted:

Ascending triangle intact for waiting for breakout. Rotation from Air to Land soon :)
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look@bright
Elite
12-Oct-2021 11:07     
 
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 Alert Admin 		Ascending triangle intact for waiting for breakout. Rotation from Air to Land soon :)
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look@bright
Elite
11-Oct-2021 13:31     
 
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 Alert Admin 		yup maybe if SBS dual listing in Bursa :)

tongphlp      ( Date: 11-Oct-2021 13:18) Posted:

Yup! I see 5 coming! Ringgit :)

look@bright      ( Date: 11-Oct-2021 13:06) Posted:

Singapore reopening borders, good for riderships, more tourists?
Travel requirements for short-term visitors to Singapore - Visit Singapore Official Site
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tongphlp
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11-Oct-2021 13:18     
 
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 Alert Admin 		Yup! I see 5 coming! Ringgit :)

look@bright      ( Date: 11-Oct-2021 13:06) Posted:

Singapore reopening borders, good for riderships, more tourists?
Travel requirements for short-term visitors to Singapore - Visit Singapore Official Site

look@bright      ( Date: 11-Oct-2021 13:03) Posted:

Ridership



Rail ridership includes North East Line (NEL), Downtown Line (DTL), Sengkang and Punggol Light Rail Transit (LRT).
Average Daily Ridership
Month 2014 2015 2016 2017 2018 2019 2020 2021
January 649,460 686,426 875,831 934,363 1,142,026 1,250,833 1,195,131 844,322
February 627,959 691,918 859,465 948,224 1,141,750 1,186,795 1,016,292 853,580
March 637,010 688,147 880,966 955,433 1,144,294 1,217,877 923,319 882,892
April 637,727 689,305 879,413 937,046 1,149,121 1,213,490 288,664 897,317
May 641,864 696,010 886,145 925,537 1,146,071 1,201,397 195,515 621,167
June 654,114 695,964 882,270 919,224 1,140,105 1,167,470 421,444 569,958
July 678,218 738,130 924,305 970,856 1,222,488 1,273,328 628,983 675,404
August 687,131 736,760 931,257 974,022 1,212,155 1,238,783 685,186 685,256
September 684,510 713,374 931,944 949,122 1,210,267 1,236,770 735,858 729,145
October 676,531 724,470 924,299 1,010,020 1,221,798 1,241,812 776,078  
November 668,592 708,426 903,336 1,102,296 1,182,284 1,213,402 795,843  
December 692,202 771,239 908,271 1,079,944 1,152,919 1,170,724 850,271  


 

Sengkang LRT, NEL, Punggol LRT, DTL1, DTL2 and DTL3 commenced revenue service on 18 January 2003, 20 June 2003, 29 January 2005, 22 December 2013, 27 December 2015 and 21 October 2017.


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look@bright
Elite
11-Oct-2021 13:06     
 
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 Alert Admin 		Singapore reopening borders, good for riderships, more tourists?
Travel requirements for short-term visitors to Singapore - Visit Singapore Official Site

look@bright      ( Date: 11-Oct-2021 13:03) Posted:

Ridership



Rail ridership includes North East Line (NEL), Downtown Line (DTL), Sengkang and Punggol Light Rail Transit (LRT).
Average Daily Ridership
Month 2014 2015 2016 2017 2018 2019 2020 2021
January 649,460 686,426 875,831 934,363 1,142,026 1,250,833 1,195,131 844,322
February 627,959 691,918 859,465 948,224 1,141,750 1,186,795 1,016,292 853,580
March 637,010 688,147 880,966 955,433 1,144,294 1,217,877 923,319 882,892
April 637,727 689,305 879,413 937,046 1,149,121 1,213,490 288,664 897,317
May 641,864 696,010 886,145 925,537 1,146,071 1,201,397 195,515 621,167
June 654,114 695,964 882,270 919,224 1,140,105 1,167,470 421,444 569,958
July 678,218 738,130 924,305 970,856 1,222,488 1,273,328 628,983 675,404
August 687,131 736,760 931,257 974,022 1,212,155 1,238,783 685,186 685,256
September 684,510 713,374 931,944 949,122 1,210,267 1,236,770 735,858 729,145
October 676,531 724,470 924,299 1,010,020 1,221,798 1,241,812 776,078  
November 668,592 708,426 903,336 1,102,296 1,182,284 1,213,402 795,843  
December 692,202 771,239 908,271 1,079,944 1,152,919 1,170,724 850,271  


 

Sengkang LRT, NEL, Punggol LRT, DTL1, DTL2 and DTL3 commenced revenue service on 18 January 2003, 20 June 2003, 29 January 2005, 22 December 2013, 27 December 2015 and 21 October 2017.


tongphlp      ( Date: 13-Aug-2021 08:09) Posted:

to the ROAD! :
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look@bright
Elite
11-Oct-2021 13:03     
 
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 Alert Admin

Ridership



Rail ridership includes North East Line (NEL), Downtown Line (DTL), Sengkang and Punggol Light Rail Transit (LRT).
Average Daily Ridership
Month 2014 2015 2016 2017 2018 2019 2020 2021
January 649,460 686,426 875,831 934,363 1,142,026 1,250,833 1,195,131 844,322
February 627,959 691,918 859,465 948,224 1,141,750 1,186,795 1,016,292 853,580
March 637,010 688,147 880,966 955,433 1,144,294 1,217,877 923,319 882,892
April 637,727 689,305 879,413 937,046 1,149,121 1,213,490 288,664 897,317
May 641,864 696,010 886,145 925,537 1,146,071 1,201,397 195,515 621,167
June 654,114 695,964 882,270 919,224 1,140,105 1,167,470 421,444 569,958
July 678,218 738,130 924,305 970,856 1,222,488 1,273,328 628,983 675,404
August 687,131 736,760 931,257 974,022 1,212,155 1,238,783 685,186 685,256
September 684,510 713,374 931,944 949,122 1,210,267 1,236,770 735,858 729,145
October 676,531 724,470 924,299 1,010,020 1,221,798 1,241,812 776,078  
November 668,592 708,426 903,336 1,102,296 1,182,284 1,213,402 795,843  
December 692,202 771,239 908,271 1,079,944 1,152,919 1,170,724 850,271  


 

Sengkang LRT, NEL, Punggol LRT, DTL1, DTL2 and DTL3 commenced revenue service on 18 January 2003, 20 June 2003, 29 January 2005, 22 December 2013, 27 December 2015 and 21 October 2017.


tongphlp      ( Date: 13-Aug-2021 08:09) Posted:

to the ROAD! :)

look@bright      ( Date: 13-Aug-2021 08:08) Posted:

Ridership



Rail ridership includes North East Line (NEL), Downtown Line (DTL), Sengkang and Punggol Light Rail Transit (LRT).
Average Daily Ridership
Month 2014 2015 2016 2017 2018 2019 2020 2021
January 649,460 686,426 875,831 934,363 1,142,026 1,250,833 1,195,131 844,322
February 627,959 691,918 859,465 948,224 1,141,750 1,186,795 1,016,292 853,580
March 637,010 688,147 880,966 955,433 1,144,294 1,217,877 923,319 882,892
April 637,727 689,305 879,413 937,046 1,149,121 1,213,490 288,664 897,317
May 641,864 696,010 886,145 925,537 1,146,071 1,201,397 195,515 621,167
June 654,114 695,964 882,270 919,224 1,140,105 1,167,470 421,444 569,958
July 678,218 738,130 924,305 970,856 1,222,488 1,273,328 628,983 675,404
August 687,131 736,760 931,257 974,022 1,212,155 1,238,783 685,186  
September 684,510 713,374 931,944 949,122 1,210,267 1,236,770 735,858  
October 676,531 724,470 924,299 1,010,020 1,221,798 1,241,812 776,078  
November 668,592 708,426 903,336 1,102,296 1,182,284 1,213,402 795,843  
December 692,202 771,239 908,271 1,079,944 1,152,919 1,170,724 850,271  


 

Sengkang LRT, NEL, Punggol LRT, DTL1, DTL2 and DTL3 commenced revenue service on 18 January 2003, 20 June 2003, 29 January 2005, 22 December 2013, 27 December 2015 and 21 October 2017.


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tongphlp
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24-Sep-2021 15:11     
 
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 Alert Admin 		fuel consumption = high (although ridership is low, buses still operate as usual)
maintenance cost = high (as vehicles get older and renewal rate slow down)
cost of hiring of bus drivers = high (foreign levies)
 

look@bright      ( Date: 24-Sep-2021 10:14) Posted:

good, all charts pointing north  yes

PhillipTan      ( Date: 24-Sep-2021 10:09) Posted:

bus drivers kanna covid rate also very high
so the chart for that is also very high
laugh
 
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tongphlp
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24-Sep-2021 10:57     
 
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 Alert Admin 		only thing not high is the share price

look@bright      ( Date: 24-Sep-2021 10:14) Posted:

good, all charts pointing north  yes

PhillipTan      ( Date: 24-Sep-2021 10:09) Posted:

bus drivers kanna covid rate also very high
so the chart for that is also very high
laugh
 
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tongphlp
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24-Sep-2021 10:56     
 
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 Alert Admin 		Heard bus drivers resignation rates also v high...1 more for the chart :)

look@bright      ( Date: 24-Sep-2021 10:14) Posted:

good, all charts pointing north  yes

PhillipTan      ( Date: 24-Sep-2021 10:09) Posted:

bus drivers kanna covid rate also very high
so the chart for that is also very high
laugh
 
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tongphlp
Supreme
24-Sep-2021 10:30     
 
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 Alert Admin 		Oops :)

PhillipTan      ( Date: 24-Sep-2021 10:09) Posted:

bus drivers kanna covid rate also very high
so the chart for that is also very high
laugh
 

tongphlp      ( Date: 24-Sep-2021 10:07) Posted:

depends on which chart...
bus accident rates keep rising so the chart looks super high :
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look@bright
Elite
24-Sep-2021 10:14     
 
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 Alert Admin 		good, all charts pointing north  yes

PhillipTan      ( Date: 24-Sep-2021 10:09) Posted:

bus drivers kanna covid rate also very high
so the chart for that is also very high
laugh
 

tongphlp      ( Date: 24-Sep-2021 10:07) Posted:

depends on which chart...
bus accident rates keep rising so the chart looks super high :
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PhillipTan
Supreme
24-Sep-2021 10:09     
 
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 Alert Admin 		bus drivers kanna covid rate also very high
so the chart for that is also very high
laugh
 

tongphlp      ( Date: 24-Sep-2021 10:07) Posted:

depends on which chart...
bus accident rates keep rising so the chart looks super high :)

look@bright      ( Date: 24-Sep-2021 07:56) Posted:

chart wise looks good. ascending Triangle pattern. waiting for breakou
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tongphlp
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24-Sep-2021 10:07     
 
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 Alert Admin 		depends on which chart...
bus accident rates keep rising so the chart looks super high :)

look@bright      ( Date: 24-Sep-2021 07:56) Posted:

chart wise looks good. ascending Triangle pattern. waiting for breakout

tongphlp      ( Date: 24-Sep-2021 06:02) Posted:

Absolutely Bro Phillip
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look@bright
Elite
24-Sep-2021 07:56     
 
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 Alert Admin 		chart wise looks good. ascending Triangle pattern. waiting for breakout

tongphlp      ( Date: 24-Sep-2021 06:02) Posted:

Absolutely Bro Phillip!

PhillipTan      ( Date: 24-Sep-2021 02:27) Posted:

Always give a discount to TPs given
I am thinking even if can hit $3.30-$3.35 range wil be very good already
 
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tongphlp
Supreme
24-Sep-2021 06:02     
 
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 Alert Admin 		Absolutely Bro Phillip!

PhillipTan      ( Date: 24-Sep-2021 02:27) Posted:

Always give a discount to TPs given
I am thinking even if can hit $3.30-$3.35 range wil be very good already
 

tongphlp      ( Date: 23-Sep-2021 12:24) Posted:

Yes, it may hit 3.44, when it comes a time when pigs can fly :
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PhillipTan
Supreme
24-Sep-2021 02:27     
 
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 Alert Admin 		Always give a discount to TPs given
I am thinking even if can hit $3.30-$3.35 range wil be very good already
 

tongphlp      ( Date: 23-Sep-2021 12:24) Posted:

Yes, it may hit 3.44, when it comes a time when pigs can fly :)

PhillipTan      ( Date: 02-Sep-2021 22:34) Posted:

DBS initiates coverage on SBS Transit with ' hold' , S$3.44 target price

Despite recent developments in Parliament that hinted at potential support for the Downtown Line, DBS Group Research said it is " erring on the side of caution" for land transport operator SBS Transit, given the government' s outsized fiscal measures provided in view of Covid-19.

On Thursday, it initiated coverage on the stock with " hold" and a S$3.44 target price to represent 21.7 times FY2022 price-to-earnings (P/E) estimates. This target is close to the stock' s 10-year mean forward P/E of 21.2 times, as well as its 10-year mean price-to-book value (P/B) of 1.74 times.

Its analysts noted that at its last traded price of S$3.03 on Sept 1, the stock was around its peer average P/B of 1.6 times and therefore near its fair valuation, in their view.

" The future trajectory of commuting remains murky, and we believe average daily rail ridership is likely to take time to recover. While we have projected average daily rail ridership to increase to 810,000 in FY2021 and 995,000 in FY2022, these remain depressed when compared to FY2019," said the research house in its report.

" FY2022 revenue for the bus business will likely be relatively stable as SBS Transit only collects fares on behalf of the Land Transport Authority (LTA). In other words, the LTA bears most of the revenue risk for the bus business," observed DBS.

While the Public Transport Council has recommended public transport fares remain unchanged to support commuters amid the pandemic, DBS analysts are projecting a 7 per cent on-year increase in FY2022, partially to make up for the unchanged fares in 2020 and also in view of rising cost pressures. This would translate to a 7.3 per cent rise in estimated FY2022 group revenue to S$1.38 billion.

Revenue from higher public transport fares would however be offset by a tapering of government support measures, noted the analysts, as they believe the Jobs Support Scheme is unlikely to be extended given the improving pandemic situation in Singapore.

" SBS Transit would thus have to record higher ridership figures or lower costs to make up for the shortfall even as it grapples with potential structural changes in work patterns," said the analysts.

" A significant revamp of the Downtown Line financing framework leading to profitability a turnaround in rail ridership coupled with higher-than-expected fare revision or the award of a new bus package tender will be upside to our base-case assumptions," they added.

As at 3.31pm on Thursday, shares of SBS Transit were trading at S$3.04, up S$0.01 or 0.3 per cent.

 


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