SBS Transit Last:3.52

+0.03

SBS Transit

Brokers' take: DTL financing framework review to benefit SBS Transit, says CGS-CIMB

www.businesstimes.com.sg/companies-markets/brokers-take-dtl-financing-framework-review-to-benefit-sbs-transit-says-cgs-cimb

look@bright ( Date: 07-Mar-2021 09:46) Posted:

Downtown Line financing framework to be reviewed

www.businesstimes.com.sg/transport/singapore-budget-2021/downtown-line-financing-framework-to-be-reviewed

Downtown Line financing framework to be reviewed

www.businesstimes.com.sg/transport/singapore-budget-2021/downtown-line-financing-framework-to-be-reviewed

wow unexpected, sbs up 4 cents today

dividend not bad lah $0.063 for half year.

PhillipTan ( Date: 04-Mar-2021 10:47) Posted:

Yeah lucky, currently green because of dividends
If not, will become a shitty sinkhole (like Neratel), after jump in cannot resurface anymore

tongphlp ( Date: 04-Mar-2021 10:15) Posted:

lucky got dividends :

Yeah lucky, currently green because of dividends
If not, will become a shitty sinkhole (like Neratel), after jump in cannot resurface anymore

tongphlp ( Date: 04-Mar-2021 10:15) Posted:

lucky got dividends :)

PhillipTan ( Date: 04-Mar-2021 09:43) Posted:

Have long for years, but the price still cannot go back to the price i bought after it dropped
Plus dividends over the years actually breakeven, not sure whether to continue holding or to just let go
Keep hoping it will slowly go up, but it just seems unable to go further up
Smh

lucky got dividends :)

PhillipTan ( Date: 04-Mar-2021 09:43) Posted:

Have long for years, but the price still cannot go back to the price i bought after it dropped
Plus dividends over the years actually breakeven, not sure whether to continue holding or to just let go
Keep hoping it will slowly go up, but it just seems unable to go further up
Smh

Haha...in May, it' s sell and go away :)

look@bright ( Date: 04-Mar-2021 09:58) Posted:

come back in May

tongphlp ( Date: 04-Mar-2021 06:34) Posted:

Hopeless....:)

come back in May

tongphlp ( Date: 04-Mar-2021 06:34) Posted:

Hopeless....:)

Have long for years, but the price still cannot go back to the price i bought after it dropped
Plus dividends over the years actually breakeven, not sure whether to continue holding or to just let go
Keep hoping it will slowly go up, but it just seems unable to go further up
Smh

Hopeless....:)

Still on this bus .... look like going round and round the island ... cant it follow SPH or some other counters.

It' s on the cards....but when...

antifragile ( Date: 02-Mar-2021 15:32) Posted:

Privatisation!!

only green in the sea of red..

look@bright ( Date: 10-Feb-2021 11:01) Posted:

Bus, train ridership in Singapore falls to 11-year low amid Covid-19 pandemic

www.straitstimes.com/singapore/transport/bus-train-ridership-in-singapore-falls-to-11-year-low-amid-covid-19-pandemic

https://www.investor-one.com/editorial/12709-10-Quick-Facts-on-SBS-Transit-Limited

Bus, train ridership in Singapore falls to 11-year low amid Covid-19 pandemic

www.straitstimes.com/singapore/transport/bus-train-ridership-in-singapore-falls-to-11-year-low-amid-covid-19-pandemic

Yup. Take first!

look@bright ( Date: 10-Feb-2021 09:55) Posted:

take your dividend of 0.063 first.

tongphlp ( Date: 10-Feb-2021 09:27) Posted:

Can' t hit the moon, the most can only reach the next junction and a road block :

CGS-CIMB Reiterate Add and TP of S$3.60

http://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/ab0158f551ab2a64b3dbf3553110c3203c0be2cd.pdf?1612919971

take your dividend of 0.063 first.

tongphlp ( Date: 10-Feb-2021 09:27) Posted:

Can' t hit the moon, the most can only reach the next junction and a road block :)

Joelton ( Date: 10-Feb-2021 09:23) Posted:

SBS Transit posts 2.9% decline in FY2020 net profit to S$79m

TRANSPORT operator SBS Transit on Tuesday posted a full-year net profit of S$78.96 million, down 2.9 per cent from the previous year.

Its revenue for the full year ended Dec 31, 2020, also fell - by 14.8 per cent to S$1.23 billion.

Revenue from public-transport services in 2020 stood at S$1.20 billion, a 13.6 per cent decrease from 2019. This was mainly due to lower service fees from lower fuel indexation and operated mileage, coupled with lower rail ridership due to the pandemic.

Average daily ridership for the Downtown Line fell by 46 per cent in 2020 to 257,000 passenger trips. Its average fare, however, was higher by 11.7 per cent than in 2019.

For the North-East Line, average daily ridership also fell 40.9 per cent to 355,000 passenger trips its the average fare also went up, by 13.9 per cent from 2019.

As for the Light Rail Transit, average daily ridership had fallen by 31.2 per cent to 97,000 passenger trips, with average fare increasing by 9.4 per cent.

Total operating costs for the group fell 14.2 per cent in FY2020 to S$1.15 billion, with the biggest decrease coming from fuel and electricity costs, which fell 50.5 per cent.

Operating profit, which stood at S$79.98 million, would have sunk into the red with a S$29.81 million loss, had it not been for Covid-19 government reliefs. SBS Transit had received government grants of S$109.8 million, mainly from the wage subsidy from the Jobs Support Scheme.

The group said: " (The) government grants significantly cushioned the adverse financial impact due to Covid-19 where we experienced a significant drop in revenue from reduced ridership and operating mileage, rental rebates given to tenants and reduced advertising especially during the circuit-breaker period."

It added that while ridership has steadily improved, it has remained lower than in pre-pandemic days other commercial services continued to be depressed.

Further, costs incurred for enhanced cleaning and disinfecting of buses, trains, interchanges, stations and depots, as well as for subsidising the cost of accommodation for Malaysian staff affected by the border closure and increased allowance for inventory obsolescence, contributed to higher operating costs.

Earnings per share for the group stood at 25.32 Singapore cents in FY2020, down from FY2019' s 26.07 Singapore cents.

A final dividend of 6.30 Singapore cents has been recommended by the board. No interim dividend was paid. Last year, a final dividend of 5.90 Singapore cents and interim dividend of 7.15 Singapore cents was paid. The dividend will be payable on May 19, after books close on May 10.

SBS Transit said that while revenue from public transport services is expected to be higher than last year' s in the absence of further circuit breakers, rail ridership recovery is expected to be gradual in Phase 3, as working from home continues to be the default mode.

However, revenue from other commercial services is expected to improve with higher ridership.

It added: " There is uncertainty over the easing of health and safety measures and the pace of a global vaccine rollout, hence the group continues to maintain a cautious outlook for the rest of the financial year."