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SMRT
Public transport operators to lose $79 mil in revenue on 4.2% fare reduction
SINGAPORE (Oct 27): Public transport operators SBS Transit, SMRT, and the Land Transport Authority (LTA) will see a total decrease in fare revenue of about $79 million a year, after the Public Transport Council (PTC) on Thursday announced a 4.2% decrease
October 27, 2016
SMRT goes private with shareholders in favour of Temasek buyout
SINGAPORE (Sept 29): SMRT shareholders holding 92.89% of scheme shares have voted in favour of Temasek’s buyout offer of $1.68 per share.
September 29, 2016
Stocks To Watch
SMRT, Otto Marine, Ley Choon, TEE Land, GRP
SINGAPORE (Sept 26): Here are some stocks that could move the market this Monday morning:
September 26, 2016
Autonomous vehicles not (yet) driving taxis out of business
SINGAPORE (Sept 1): Autonomous self-driving vehicles have hit the streets in Singapore with the world’s first public trial run of driverless taxis in August, but taxi drivers can breathe a sigh of relief that their jobs are safe – at least for now.
September 01, 2016
Malaysia-Singapore HSR tender to be called on Aug 22
SINGAPORE (Aug 19): Singapore’s Land Transport Authority (LTA) and Malaysia’s MyHSR Corporation will be calling for a joint tender next Monday on Aug 22, for a joint development partner (JDP) to assist in the development of the Kuala Lumpur-Singapore
August 19, 2016
Broker's Calls
Transport sector gets an 'overweight' as contracts are finalised
SINGAPORE (Aug 15): RHB is maintaining its “overweight” rating for the local land transport sector, with a “buy” call for ComfortDelGro (CD), along with a target price of $3.25.
August 15, 2016
Broker's Calls
No light at the end of the tunnel for SMRT
SINGAPORE (Aug 10): UOB KayHian urges SMRT shareholders to accept the exit offer as 1Q results continue to be impacted by rail woes while its bus, taxi and rental business put up a poor showing.
August 10, 2016
SMRT rating ‘under review’ as Temasek mulls buyout
SINGAPORE (July 19) – DBS has put its recommendation for SMRT “under review” pending further developments as Temasek reportedly weighs a buyout offer for the rail operator, according to a DBS flash note on Tuesday.
July 19, 2016
Broker's Calls
NRFF is not all good news for SMRT
SINGAPORE (July 19): UOB Kay Hian has maintained a hold recommendation on the stock, with a raised target price of $1.60, from $1.48 before, after the Land Transport Authority (LTA) announced on Friday that it would purchase all of SMRT’s rail assets un
July 19, 2016