public transport

Now that Covid-19 restrictions have been lifted, SBS Transit is recovering and expects this to continue.

Transport stocks are starting their engines and driving towards a recovery.

SBS Transit has recorded earnings of $32.6 million for 1HFY20, down 27.4% y-o-y. The bottomline was supported by government grants of $61.6 million which helped subsidise wages. If not, the company would have reported an operating loss of $29.4 million.

DBS has cut its FY2020F and FY2021F earnings by 19% and 11% respectively, while CGS-CIMB has slashed its FY2020-2022F earnings per share (EPS) forecasts by 13.4%-38.6%.

SINGAPORE (Dec 20): Transport operators in Singapore have been battered by low public-transport fares as well as the entry of another ride hailing startup, Gojek.

SINGAPORE (May 20): Two-minute intervals between trains. Fewer breakdowns. Clean, new buses running at a higher frequency. Bright LED screens displaying details of stops on both buses and trains. To many commuters who are enjoying these benefits, the melt

SINGAPORE (Feb 8): Peak traffic congestion, unreliable bus timings and packed trains, and picky taxi drivers are the common bane of city dwellers.

(Nov 30): Singapore is launching a six-month trial of an on-demand public bus service, using technology to reduce congestion and costs in what could be a model for gridlocked cities in the region.

SINGAPORE (Apr 23): SMRT Corp CEO Desmond Kuek is stepping down after 5½ years at the helm. It isn’t clear what his successor Neo Kian Hong can do to improve the public’s perception of the company.

JAKARTA (April 2): Ride-hailing companies Go-Jek and Grab must register in Indonesia as transport companies within two months to ensure they meet safety requirements as a public transport provider, Indonesia’s transport minister said on Monday.