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SMRT
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renzokun
Senior |
28-Apr-2014 18:02
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Dont misss e train | ||||
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enjoylife77
Veteran |
28-Apr-2014 15:15
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Dont board the wrong train. |
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steadylar
Veteran |
28-Apr-2014 12:09
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The sudden surge in price is unusual because no news or earnings guidance has been issued, so it' s fishy and SGX should investigate. Not blaming the current mgmt who inherited a sick operation from the previous. By the way, why in the 1st place govt wants 2 separate operators for mrt & buses (transit link & SMRT)? a single operator is better to enjoy economy of scale and operational synergy. Now it' s like each operator draws their responsibilities so clearly whenever a train breaks down....your track, not my business....pushing the buck to the other, and we commuters are not getting the best transport experience. Better for the govt to take over both operators, for smoother operation and synergy. Just my views. |
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ascend88
Master |
28-Apr-2014 11:34
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when price drop from 2$.....to 1.60$.....and to 1.02$....nobody question.... now only go back to 1.29.... so many pple question.... :) |
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ascend88
Master |
28-Apr-2014 11:29
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steadylar
Veteran |
28-Apr-2014 11:29
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Since SMRT mgmt replied they are not aware, shouldn' t SGX investigate the abnormal price movement? surely something is amiss when price surge prior to release of any news. |
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ascend88
Master |
28-Apr-2014 11:28
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ascend88
Master |
28-Apr-2014 11:23
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1.295 now .... |
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WanSiTong
Supreme |
28-Apr-2014 10:41
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■ Share price surged 18.5% to its highest since 10 Dec. ■ While a favourable transition of its business model is likely, this surge is speculative in the absence of announcements by the regulators or operators. ■ Maintain Sell with TP of SGD0.60, based on 14x average EPS for FY3/14-16. (Read Report) |
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WanSiTong
Supreme |
28-Apr-2014 10:39
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SMRT - Change to asset light financing framework?Written By Stock Fanatic on Sunday, April 27, 2014
What' s new? SMRT share price surged 19% yesterday (24/04/2014) on the back of speculation over several potential scenarios.
At this stage, there has been no announcement from SMRT on any potential fundamental change other than the usual reply to SGX that the group is not aware of any possible changes to warrant the rise in share price.
We think the market could be speculating on several potential scenarios including:
1) privatisation - which we think is unlikely
2) restructuring with comfortdelgro to form an alliance - unlikely in our view as government not likely to favour a monopoly
3) cost plus model (or a new fare review formula for bus) - possible as this is adopted in certain countries and could help stem losses on bus.
4) asset light financing model - possible as we understand the government is considering this option to help operators stem losses from asset ownership and instead, focus on operating and maintaining the assets.
Out of these 4 scenarios, we think the most probable would be (4)
The asset light framework proposal (4) is not entirely new as it was initially introduced in 2010 for Comfort' s Downtown Line. According to Straits Times, SMRT submitted a detailed proposal to the government on Wednesday to move its rail business to the new framework. We believe that a potential stumbling block is the valuation of the assets that are to be transferred to the government. Although the proposed transfer of ownership of rail assets back to the government would save SMRT S$100m-200m in capex and depreciation costs, SMRT will have to pay leasing charges, which could partially mitigate depreciation expenses. In addition, we think the government is likely to impose higher service standards, which could translate to high maintenance and operating costs. Given these uncertainties, we maintain our forecasts and HOLD rating pending further announcements. We have a DCF-based target price of S$1.10/share. Our latest report on SMRT and the sector, where we highlighted a potential catalyst to be a change in the asset light financing model is attached.
Read Related Reports SMRT Corporation (MRT SP) - Valuations Remain Unattractive Despite Recent Share Price Correction
Tuesday, 11 March 2014 - UOB KayHian Research
Land Transport Sector - More Positive Regulatory Landscape Ahead
Thursday, 17 January 2014 - UOB KayHian Research
Source : UOB KayHian Research READ also what other Analysts were saying..
Land transport stocks outperformed today
Singapore land transport stocks traded up today, with SMRT front-running this trend. Specifically, the stock was up 19% on 11x the 12M average daily trading volume, after hitting a 12M low of S$1.015 on 14 Apr. SBS Transit (n/r) rose 8% on 6x ADTV while CD was up 3% on 1.5x ADTV. For reference the STI closed up 1% today. We fielded numerous investor queries on SMRT over the course of the day.
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ascend88
Master |
28-Apr-2014 10:22
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if its keep go up....and there is really something brewing...then ....halt will be.... anyway....not surprise to be at 1.29$..... drop fast....up also fast....
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ascend88
Master |
28-Apr-2014 09:59
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:) welcome to all new blood.... |
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Angel555
Senior |
28-Apr-2014 09:58
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haha, the best dream is halt after that.... |
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ascend88
Master |
28-Apr-2014 09:55
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1.29...1.40.... disclaimer |
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abkt999
Member |
28-Apr-2014 09:50
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What is the next level to break? |
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ascend88
Master |
28-Apr-2014 09:05
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toot toot tooot.... thomas is moving again...said the fat controller... |
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jimmyjjohn
Member |
26-Apr-2014 14:16
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All shareholders were told that Deputy Chairman, Mr Kua Hong Pak is doing free service on the Board of SBSTransit. Of course for those who received " KPKB" , surely are deserved to hear KPKB in surround sound system, from the commutors, shareholders and relevant authority. Sports Club Insurance |
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MetalTrader3
Supreme |
26-Apr-2014 14:13
Yells: "Let Your Ignorance Be Shown Tommorrow! ~ PredictorX" |
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Prediction ended 29 Jan. Read carefully.
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brchkho1
Master |
25-Apr-2014 22:19
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I do not know about others, but all shareholders were told that Deputy Chairman, Mr Kua Hong Pak is doing free service on the Board of SBSTransit. Of course for those who received " KPKB" , surely are deserved to hear KPKB in surround sound system, from the commutors, shareholders and relevant authority.
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Blanchard
Master |
25-Apr-2014 21:58
Yells: "Winners cry..... Losers smile....." |
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Well said, brchkho1..... for they have been receiving Kilat Pay Kilat Bonus.....perhaps to hear lots of KPKB. LOL. 
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