SBS Transit

SINGAPORE (Sept 27): Phillip Capital is keeping an “overweight” recommendation on the land transport sector due to positive industry restructuring following the exit of Uber and the worst being over for the taxi industry.

SINGAPORE (Sept 4): DBS Group Research is maintaining its forecasts and “buy” recommendation for ComfortDelGro.

SINGAPORE (Aug 9): SBS Transit announced that its 2Q18 earnings have increased by 52.9% to $19.4 million, compared to $12.7 million in 2Q17.

SINGAPORE (May 10): SBS Transit posted earnings of $16.8 million for the 1Q ended March, some 63.7% higher than earnings of $10.2 million a year ago.

SINGAPORE (Feb 23): SBS Transit has won the five-year contract awarded by the Land Transport Authority (LTA) for the Bukit Merah Bus Package for an estimated total fee of $472 million over the contract period.

SINGAPORE (Feb 12): SBS Transit announced that its FY17 earnings increased by 50.3% to $47.1 million compared to $31.4 million in FY16.

SINGAPORE (Nov 9): SBS Transit posted $11.1 million in earnings for the 3Q ended Sept, representing a 42.1% increase from $7.8 million in the same period a year ago.

SINGAPORE (Aug 10): Transport operator SBS Transit has announced earnings of $12.7 million for the 2Q17 ended June, representing a 75.3% increase from its earnings of $7.2 million in 2Q16 on higher revenue.  

SINGAPORE (July 10): A further pickup in Singapore’s fundamentals and market activity remains tied to the upcoming actions of the US Federal Reserve in 2H17 and the resultant flow-on effect of SGD rates, says OCBC Bank.

SINGAPORE (May 12): RHB is maintaining its “buy” call on ComfortDelGro with $3.00 target as the broker sees strong revenue visibility from Singapore’s bus business via the Government Contracting Model (GCM), and improving rail revenue from higher ri