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Ex-SPH top executive Patrick Daniel appointed to SBS Transit’s board
Daniel was the editor-in-chief of SPH media, deputy CEO of SPH, and most recently the interim CEO of SPH Media Trust until 2022.
December 29, 2023
Results
SBS Transit posts profit after tax of $17.9 mil, 4.7% y-o-y improvement
This improvement of $0.8 million mainly resulted from higher interest income, partially offset by lower operating profit.
November 10, 2023
Broker's Calls
CDG to see bottom line improvement of $11 mil following 7% public transport fare hike: DBS
“We believe [that the] announced fare hike will allow SBS Transit’s trains to achieve profitability,” says DBS.
September 19, 2023
Company in the news
SBS Transit wins tender to run Bukit Merah Bus Package for the second time
This is the third bus tender award SBS has won under the new bus contracting model.
August 18, 2023
Results
SBS Transit reports slight improvement in profit after tax to $15.8 mil in 1QFY2023
Profit after tax was up by 1.9% y-o-y, compared to $15.5 million in 1QFY2022.
May 12, 2023
Results
SBS Transit posts 31.7% growth in FY2022 earnings to $68 mil due to recovery in ridership
Now that Covid-19 restrictions have been lifted, SBS Transit is recovering and expects this to continue.
February 22, 2023
Leadership
Leadership shuffles occur at ComfortDelGro and subsidary SBS Transit
Two of the three appointments were former Air Force personnel.
December 08, 2022
Broker's Calls
RHB maintains 'buy' call for ComfortDelGro, cites operating improvements and 'compelling' valuation
RHB analyst Shekhar Jaiswal's target price is $1.75 as Singapore's rail ridership and taxi leadership continues to improve.
October 07, 2022
Broker's Calls
SBS in 'good position' to raise dividend payout ratio by end-FY2022: CGS-CIMB
In its report, CGS-CIMB also foresees SBS Transit to see further rail ridership recovery in the remainder of the FY2022.
August 12, 2022
Results
Vicom 1HFY2022 earnings up 9.2%
The company plans to pay an interim dividend of 3.32 cents
August 11, 2022