SBS Transit

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

Whole-day ridership on trains and buses fell by 75% during the circuit breaker, but operators are now on the road to recovery.

The partnership will brings together a combined 87 years of experience in railway operations and maintenance.

SBS Transit has been named overall winner for the transport industry sector of the Centurion Club.

CGS-CIMB continues to prefer SBS Transit over parent company ComfortDelGro.

SBS would have recorded an operating loss of $4.04 million for the 3QFY2020 without the government relief grants.

DBS Group Research says the award of the Sembawang-Yishun and Bulim bus contracts to Tower Transit was a “surprise” for the sector

As at 2.48pm, shares in SBS Transit were trading 6 cents higher, or 2.2% up, at $2.85.

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.

ComfortDelGro has announced that all three of its listed companies, ComfortDelGro, SBS Transit and VICOM, have ranked in the top 20 spots in the Singapore Governance and Transparency Index for the first time.