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This counter seems not very liquid. Difficult to trade ley.
$2.90 here we come.....
https://www.investor-one.com/editorial/10647-Stocki1-SBS-Transit-Limited-Business-Update
For those interested to know more about SBS Transit
For those interested to know more about SBS Transit
SmallSmall ( Date: 02-Jun-2020 10:09) Posted:
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Gathering steam. Already students are taking buses and trains today back to school.
First mover advantage :)
First mover advantage :)
Laurenpanna ( Date: 02-Jun-2020 09:20) Posted:
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yeah
I am vested for 2.7 , although only 500 units
but am very happy to see it soar
I am vested for 2.7 , although only 500 units
but am very happy to see it soar
SmallSmall ( Date: 02-Jun-2020 09:16) Posted:
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This one is even better than SIA and Comfortdelgro for investing or trading.
Their buses and SMRT services will be back to normal serrvices today.
Short term target easily $3.20
Their buses and SMRT services will be back to normal serrvices today.
Short term target easily $3.20
SBS Transit' s Q1 profit after tax nearly halves, led by fall in public transport services
FRI, MAY 22, 2020 - 5:50 AM
Singapore
SBS Transit' s profit after tax fell 46.1 per cent on the year to S$11.1 million for the first quarter, led by a decline in public transport services.
The group, which is 75-per-cent owned by ComfortDelGro Group, said that " the path of recovery to normal is expected to be...
https://www.businesstimes.com.sg/companies-markets/sbs-transits-q1-profit-after-tax-nearly-halves-led-by-fall-in-public-transport-0
Are you sure 4% ?
It is averagely 2% over the past 5 years
It is averagely 2% over the past 5 years
gametheory99 ( Date: 09-Sep-2019 15:50) Posted:
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Undervalued gem. EPS at 31.04 cents and bound to increase with raising of fares. Current PE ratio only at 13.4 whereas historical PE ratio for this counter is between 17-18x. Target $5.40 without taking extra growth into consideration. Dividend yield at this price before growth is already 4%. Solid defensive counter. Chance of privatisation too just like SMRT due to mid operating life cycle.
Don' t worry, with commuter support, profit n div wld keep fattening ....
Mike12345 ( Date: 12-Mar-2019 11:52) Posted:
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Today crossing S$4 per share...defying gravity! The higher it climbs, more risky for new investor.
Fat profits, div fattening, share px seems on a one-way tragectory. Today, from Parliamentary rpts, we are hearing abt lots of govt subsidies keeping transport fares affordable. Nothing mentioned abt subsidies keeping profits n share px flying. Great stuff .....
crazy_fave ( Date: 07-Mar-2019 13:47) Posted:
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S$3.76 is a new 52-week high.
HK govt so rich.......take care of the peasant-class..............
Smooth start to Hong Kong transport subsidy scheme as commuters welcome tap-and-go process for Octopus card
PUBLISHED : Saturday, 16 February, 2019, 1:57pm
UPDATED : Saturday, 16 February, 2019, 2:20pm
A new transport subsidy scheme in Hong Kong kicked off to a smooth start on Saturday, with some commuters excited to pocket extra credit on their Octopus cards with just a simple tap.
Under the Public Transport Fare Subsidy Scheme, commuters with monthly travel expenses exceeding HK$400 (US$51) received subsidies of 25 per cent of the difference between their total cost and this sum, capped at HK$300.
At Mong Kok MTR station, 63-year-old Yip Shu-fai was overjoyed to collect HK$152 for his transport costs in January.
&ldquo I travel from Tuen Mun to Mong Kok every day to take care of my ailing 90-year-old mother, so this is very helpful,&rdquo Yip said. &ldquo Now I can go enjoy some afternoon tea with the extra money.&rdquo
https://www.scmp.com/news/hong-kong/transport/article/2186437/smooth-start-hong-kong-transport-subsidy-scheme-commuters
More importantly, if profit increases so humongously, are the assumptions built into the public transport fare formula valid?
MichaelSchenker ( Date: 12-Feb-2019 20:28) Posted:
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Thk those who help ' ringfence' their profitability. How many other coys can enjoy this kind of position?
sengsk ( Date: 12-Feb-2019 20:42) Posted:
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SOLD !
Happy with few thousand profits ! Enough.
Thanks ! SBS
Happy with few thousand profits ! Enough.
Thanks ! SBS
sengsk ( Date: 09-Nov-2018 17:39) Posted:
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A matter of time such profitable stocks will be privatised. They dont need public funds anymore. And they are not going to share their profits with the public.
https://www.theedgesingapore.com/sbs-transit-posts-70-higher-fy18-earnings-80-mil-revenue-surge
12/02/19, 05:51 pm
SINGAPORE (Feb 12): SBS Transit announced earnings of $80.1 million for FY18, up 70% y-o-y from its FY17 earnings of $47.1 million due to higher revenue.
This brings the land transport operator&rsquo s earnings per share (EPS) on a fully diluted basis to 25.71 cents compared to 15.15 cents a year ago.
Group revenue for the full year came in 16.1% higher at $1.38 billion compared to $1.19 billion in FY17.
This was mainly attributable to a 16.7% growth in revenue contributions from the Public Transport Services segment to $1.33 billion in 2018 from $1.14 billion previously, due to higher fees incurred from the commencement of the Seletar and Bukit Merah bus packages in March and November, respectively &ndash as well as higher ridership from rail services with a full year of operation of the Downtown Line (DTL) 3.
Average daily ridership (ADR) for the DTL grew by 61.15 to 450,000 passenger trips, while ADR for the North-East Line (NEL) grew by 2.7% to 591,000 passenger trips compared to 2017.
ADR for the Light Rail Transit (LRT), too, grew by 8.9% to 132,000 passenger trips from the year before.
As such, operating profit for Public Transport Services near-doubled to $60.2 million from $34.3 million in 2017 as a result of the higher segmental revenue, offset in part by higher staff, fuel, electricity, repairs & maintenance and other operating costs.
Meanwhile, revenue from the Other Commercial Services segment increased 4% to $58.3 million from $56 million in 2017 due to higher advertising revenue.
This has resulted in operating profit of $37.1 million for the segment, up 11% from $33.4 million due to higher revenue and lower staff costs.
As at end-Dec 2018, cash and cash equivalents stood at $32.7 million as opposed to $5.3 million in FY17.
Looking ahead, SBS Transit says it expects revenue from its Public Transport Services segment to continue growing on the back of higher bus service revenue, although it anticipates its rail business to continue facing challenges from operating and maintenance costs.
Despite higher revenue expected from the 4.3% fare adjustment implemented on 29 Dec 2018, the group&rsquo s repairs & maintenance costs are expected to rise with the NEL/Sengkang and Punggol LRT (SPLRT) fleet in its mid-life cycle, it adds.
Meanwhile, the group says it expects staff costs to rise following salary adjustments and increments to retain and attract staff.
It also foresees higher repairs & maintenance costs with a larger fleet size higher-maintenance requirements for an ageing bus fleet and the NEL/SPLRT fleet increased operating and maintenance costs with the full year&rsquo s effect of the Seletar and Bukit Merah bus packages as well as continued investments in predictive maintenance capabilities to enhance service reliability.
Shares in SBS Transit closed 4 cents higher at $2.98 on Tuesday.
https://www.theedgesingapore.com/sbs-transit-posts-70-higher-fy18-earnings-80-mil-revenue-surge
SBS Transit posts 70% higher FY18 earnings of $80 mil on revenue surge
By:
Michelle Zhu
SINGAPORE (Feb 12): SBS Transit announced earnings of $80.1 million for FY18, up 70% y-o-y from its FY17 earnings of $47.1 million due to higher revenue.
This brings the land transport operator&rsquo s earnings per share (EPS) on a fully diluted basis to 25.71 cents compared to 15.15 cents a year ago.
Group revenue for the full year came in 16.1% higher at $1.38 billion compared to $1.19 billion in FY17.
This was mainly attributable to a 16.7% growth in revenue contributions from the Public Transport Services segment to $1.33 billion in 2018 from $1.14 billion previously, due to higher fees incurred from the commencement of the Seletar and Bukit Merah bus packages in March and November, respectively &ndash as well as higher ridership from rail services with a full year of operation of the Downtown Line (DTL) 3.
Average daily ridership (ADR) for the DTL grew by 61.15 to 450,000 passenger trips, while ADR for the North-East Line (NEL) grew by 2.7% to 591,000 passenger trips compared to 2017.
ADR for the Light Rail Transit (LRT), too, grew by 8.9% to 132,000 passenger trips from the year before.
As such, operating profit for Public Transport Services near-doubled to $60.2 million from $34.3 million in 2017 as a result of the higher segmental revenue, offset in part by higher staff, fuel, electricity, repairs & maintenance and other operating costs.
Meanwhile, revenue from the Other Commercial Services segment increased 4% to $58.3 million from $56 million in 2017 due to higher advertising revenue.
This has resulted in operating profit of $37.1 million for the segment, up 11% from $33.4 million due to higher revenue and lower staff costs.
As at end-Dec 2018, cash and cash equivalents stood at $32.7 million as opposed to $5.3 million in FY17.
Looking ahead, SBS Transit says it expects revenue from its Public Transport Services segment to continue growing on the back of higher bus service revenue, although it anticipates its rail business to continue facing challenges from operating and maintenance costs.
Despite higher revenue expected from the 4.3% fare adjustment implemented on 29 Dec 2018, the group&rsquo s repairs & maintenance costs are expected to rise with the NEL/Sengkang and Punggol LRT (SPLRT) fleet in its mid-life cycle, it adds.
Meanwhile, the group says it expects staff costs to rise following salary adjustments and increments to retain and attract staff.
It also foresees higher repairs & maintenance costs with a larger fleet size higher-maintenance requirements for an ageing bus fleet and the NEL/SPLRT fleet increased operating and maintenance costs with the full year&rsquo s effect of the Seletar and Bukit Merah bus packages as well as continued investments in predictive maintenance capabilities to enhance service reliability.
Shares in SBS Transit closed 4 cents higher at $2.98 on Tuesday.