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Making Catalist listing on 26.7.16
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Rosesyrup
Master |
12-Dec-2013 21:52
Yells: "Get your own opinion, don't follow blindly." |
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LOL
So far 4 months since my first sell call. Price fell from $1.4 to only $1.18. Lets just give my TP another 8months, I am confident it would be near, if not breach my TP.
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Wisely
Senior |
12-Dec-2013 21:33
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This company can actually make $$. But the problem is they hire too many senior managers/directors to do nothing. All they need is fire those extra people (not joking), they are taking a huge chunck of pay from the company. The CEO just need to focus on their core business and dont think too much can already.
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Solidsnake
Member |
12-Dec-2013 18:57
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Free transport is unlikely to impact on the revenue, as most of theirs come from media space and shopping outlets they provide. It's like selling newspaper and their main bulk of the revenue comes from advertisers. And at 110m net profit a year, who wants to kill a golden egg? It is very hard for them to nationalise this counter. Anyway, I sense a short-term rebound is in sight. Chao ta liao. Ready to reverse. |
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Rosesyrup
Master |
12-Dec-2013 18:26
Yells: "Get your own opinion, don't follow blindly." |
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My TP coming soon. Reiterate Sell!!! Maintain 76cents only.
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New123
Supreme |
03-Dec-2013 21:36
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check it out for your free ride
http://adfoc.us/19936235726037
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New123
Supreme |
02-Dec-2013 20:54
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to ride free on mrt http://adfoc.us/19936235726037 | ||||
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Octavia
Supreme |
30-Nov-2013 15:46
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For some reason, CLSA have detected a renewed interest in Singapore?s domestic public transport market over the past two weeks. This could ultimately be due to any number of factors although house would attribute it to three main events: i) ComfortDelGro testing $2, SATS share price correcting to $3 and premature chatter about the benefits of a cost-plus model. The first word in the FRMC report was ?Affordable? this should give some indication as to the direction of the industry?s profitability. Over the past 5-years OPEX has grown at 10% cagr versus revenue at 5%. A fare revision which allows average fares to grow 10% (to meet OPEX growth) given that population growth is 50% slower is an impossibility in our mind. Margin pressure will continue. There has been significant chatter about Singapore?s buses and then trains moving over to a cost-plus or ?hybrid? model. This is an obvious conclusion and also the likely one. House view that it is not coming soon as the focus is now on fare review. The market currently suggests that the concession to operate a loss-making transport system is worth SG$0.80. There is ~30% downside to its $0.89 TP. Although on so many metrics, a fair value of ~$0.50 is equally justifiable. Either way, the market?s pricing of this stock is a long way from reality. SELL. | ||||
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ascend88
Master |
21-Nov-2013 15:10
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toot toot....toot toot....my thomas train....
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vincente
Senior |
21-Nov-2013 10:43
Yells: "hope for the best" |
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next yr increase fare- a foregone conclusion. | ||||
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ascend88
Master |
21-Nov-2013 09:58
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Toot toot toot .. Mind the gap | ||||
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ascend88
Master |
20-Nov-2013 14:29
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thomas train....leaving the depot? |
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ascend88
Master |
19-Nov-2013 17:50
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Slowly.....serving the main course.... The Straits Times | Tuesday, Nov 19, 2013 Public transport operator SMRT said it plans to apply next week for a fare revision, citing rising operating costs and lower profits. Said an SMRT spokesman on Monday: " We seek a better alignment between fares and operating costs, and will be submitting our application for a fare review in the coming weeks." Get the full story from The Straits Times. Public transport fare adjustments to be announced by March 2014 The Public Transport Council announced yesterday applications for fare adjustments by transport operators are open now, till the 19th of December. The Straits Times, reported that transport operators have till mid-December to submit fare revisions to the Public Transport Council. The local paper predicted adult riders to face the sharpest fare increament while more aid would be provided to the needy when transport fares are revised early next year. As rates were not revised in the years 2012 and 2013, transport fares are liable to increase up to 6.6 per cent - the highest in history. However, Transport Minister, Lui Tuck Yew, announced in Parliament last week - any increase in fares should not exceed the annual average wage rise - which is estimated by economists - to float around the five per cent mark. In this case, if the fare hike is capped at 5 per cent, the remainder of the allowed fare hike - which represents a percentage increase of total annual fare revenue - will be carried over to 2015. Industry experts the local paper spoke to claim the fare increases will be distributed among commuter groups, with some bearing more than others. Dr. Park Byung Joon, Head of the Urban Transport Management Programme at SIM University, cited lower income commuters and those with disabilities are expected to receive larger fare cuts of up to 50 per cent, or even higher. However the concessions provided by the government, will not directly influence how fares for other commuters will be adjusted. Improvements to other concessions recommended by the fare committee - such as those for polytechnic students and pre-school children - will be cross-subsidised by full paying fares. " Someone has to pick up the bill for these, and it'll be regular commuters like you and me," said Dr. Park. |
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ascend88
Master |
18-Nov-2013 21:02
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In a statement released on Monday, the council said it is giving public transport operators until Dec 19 to submit their applications for fare adjustments.
It added that this latest fare review would be for this year as well as last year, which was suspended pending the work of the Fare Review Mechanism Committee (FRMC). |
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ascend88
Master |
18-Nov-2013 20:54
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http://www.businesstimes.com.sg/breaking-news/singapore/decision-bus-train-fare-changes-1q-2014-20131118 | ||||
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Rosesyrup
Master |
13-Nov-2013 03:37
Yells: "Get your own opinion, don't follow blindly." |
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Cutting loss if breach 136 | ||||
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ascend88
Master |
12-Nov-2013 21:27
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This is the classic ... Comparing with hk and London .. Of 13% increase since 2009 ... | ||||
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yourdadisme
Member |
12-Nov-2013 21:23
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congrats to people here with balls of steel. the bus business that is making huge loss SBS transit is already on the uptrend. lets see how SMRT goes in 2014. |
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ascend88
Master |
12-Nov-2013 21:22
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Ah $ already started by selling u all the concession u will get ...and then now then begin to hint on the fares increase ... And of course .. Pass the ball over to PTC to serve u the main course ... | ||||
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oldflyingfox
Master |
12-Nov-2013 21:15
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The price has started to rebound from the low after the news broken out, this means that market is positive on it especially LTA stand is to have regular fare adjustment to sustain the transport system. This may mark the end of the sell down cycle started last year. |
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ascend88
Master |
12-Nov-2013 16:36
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Jacqueline Woo MyPaper Tuesday, Nov 12, 2013 Commuters in Singapore can expect a hike in public-transport fares, which could kick in from the first half of next year. This was announced by Transport Minister Lui Tuck Yew in Parliament yesterday, who said that the Government has accepted all the recommendations made by the Fare Review Mechanism Committee last week. But public-transport fares " will not become less affordable for the average commuter" , he stressed. And, for many, they may actually become cheaper. To provide assistance to the needy in the light of the impending fare increases, the Government will roll out and fund two concession schemes targeted at low-income workers and persons with disabilities. About half a million Singaporeans - constituting a 40 per cent increase in the 1.2 million commuters who currently enjoy various fare concessions to about 1.7 million - will be eligible for the schemes, said Mr Lui. While details of the schemes are still being ironed out, he said that he intends for the discounts to " more than offset any fare increase in the next fare exercise" . He said that while the two schemes will be borne by the Government, existing ones will continue to be cross-subsidised by full-fare-paying commuters, so that " balance" is retained in the system. He was responding to a question raised by Member of Parliament Cedric Foo, who asked about the rationale behind having some schemes subsidised by the Government and others by full-fare-paying commuters. Mr Lui also said the fares would remain affordable. He said: " Wages over the past few years have gone up at a much faster rate than fares, which means that fares have actually become more affordable for the average commuter." Calling the new fare formula " an improvement" , he said that it was " meticulously crafted to better reflect the cost pressures that the public-transport operators face" . The minister also pointed out that fare increases here have been lower than those of comparable cities like Hong Kong and London. Fares in Hong Kong, for instance, have increased by a total of 13 per cent since 2009, while fares in Singapore have gone up by a cumulative 2.7 per cent from 2005 to 2011, he noted. This is despite " significant changes to the cost environment of the public-transport operators" , Mr Lui said, citing the rise of diesel prices by about 90 per cent, as well as that of national average wages by about 30 per cent over the same period. He noted that the profits drawn by SMRT, which went down by 50 per cent within the last two financial years, have dipped a further 55 per cent so far this year. He said: " (The review) contains a timely reminder that we need to make regular fare adjustments from time to time to ensure that the (public-transport) system is sustainable and workable." |
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