SMRT

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

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.

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:

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.

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

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.

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.
SMRT train

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.

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
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