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SMRT
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ascend88
Master |
05-Nov-2013 14:24
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its more than 52wks low....its at 2007 price thank u ah kong....
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ascend88
Master |
05-Nov-2013 14:16
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already left.....toot toot toot.....1.30 already lor.... :) lui lui lui....rolling in...
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yourdadisme
Member |
05-Nov-2013 13:12
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52 weeks low, and still timing for entry price?
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Rosesyrup
Master |
05-Nov-2013 11:31
Yells: "Get your own opinion, don't follow blindly." |
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NVM, I can see the fundamental is eroding and I can wait patiently.
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MichaelSchenker
Master |
05-Nov-2013 11:25
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Market reacts in anticipation, not on hindsight.
The imminent fare-hike certainly helps. |
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ascend88
Master |
05-Nov-2013 11:07
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shiok ah.....ah lui has spoken......let the wayang show begins.... have not board the thomas train yet...? :) |
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ascend88
Master |
04-Nov-2013 14:26
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yeah....but u forgotten.....my ah kong is the major shareholder....
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Rosesyrup
Master |
01-Nov-2013 09:58
Yells: "Get your own opinion, don't follow blindly." |
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Warned....at this rate can see 1 dollar in no time!
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Octavia
Supreme |
01-Nov-2013 08:47
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SMRT's Q2 profit down 57% at $14.3m
Higher staff and depreciation expenses, as well as repair and maintenance costs, put the brakes on SMRT Corp's net profit in the second quarter ended Sept 30, 2013, causing it to plunge 57.1 per cent to S$14.3 million, even as revenue rose 5.3 per cent to S$296.3 million. Earnings per share for Q2 were 0.9 Singapore cent, down 56.8 per cent from 2.2 Singapore cents in the corresponding period a year ago. An interim dividend of one cent per share has been declared. For the first half, Singapore's main rail operator, which also runs buses and taxis, posted a net profit S$30.6 million, down 56.1 per cent from the same period last year. |
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Rosesyrup
Master |
17-Oct-2013 02:21
Yells: "Get your own opinion, don't follow blindly." |
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Friend, you should really read before you post something with such confidence. True, SMRT motto is to moving people. Enhancing lives. But since when did they not follow their motto? If you think the train service is squeezy, you can always go for the luxury cabs. SMRT offer more than just trains service. Since this is a stock forum, we are talking about running a business here, not some moral or political debates. A company should only provide service that customers are willing to pay for. Can't possibly ask for seats assigned to everyone, when all we wanted to pay is as low as $2. You want better service, can afford to pay, then go for cab. And No! I am living in 2013, just in case you start to think SMRT train can travel through time. The 90% air and 10% ppl thing, I mentioned that it happens during non peak, not during peak! If you are still unconvinced, I can post a photo of the unused capacity inside the train during off-peak, in Dhoby Ghuat some more!
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Rokawa
Member |
15-Oct-2013 12:47
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SMRT motto is to move ppl and enhance lives. by squashing ppl like sardines and buying more Seatless Mass Rapid Transport trains, they are not following their own motto. what does it says about them then? Are you living in the early 2000's? Since when weekday afternoon 10% ppl 90% air? Was vested in 2009 but felt shytty about the passengers treatment. made bit of kopi money after 2 mths and ran away. since then smrt value drop 30cents... | ||||
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Rosesyrup
Master |
13-Oct-2013 17:42
Yells: "Get your own opinion, don't follow blindly." |
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Reiterate short! A " dividend" stock which is expected to pay below average dividend has not much value. If SMRT really cut back on dividend, many of the retirement funds sure remove SMRT from their portfolio! Plus gov is planning to provide more free transport, a good sign that SMRT is not holding out well on its own.==> Nationalization is in sight!!!! TP: 76cents
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oldflyingfox
Master |
02-Oct-2013 08:45
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It has been moving sideway at around $1.3 for a month, shorting it now is unnecessary risk. | ||||
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Rosesyrup
Master |
02-Oct-2013 00:52
Yells: "Get your own opinion, don't follow blindly." |
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Reiterate My TP: 76cents. Shorting Encourage!!! I expect SMRT to report MUCH MUCH lower profit, cash and dividend this year. Reasons:
Shorting was previously discouraged as dividend remained respectable. Now that it is almost certain that SMRT has to pullback its dividend payout** and investors are leaving defensive counter for cyclical ones, I strongly encourage shorting on this one. *Maybank $1 TP might have yet to take into account this point. **I value SMRT with DDM |
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Octavia
Supreme |
30-Sep-2013 09:32
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Standard and Poor's (S& P) cuts SMRT?s rating to negative from positive, although its AAA rating was affirmed. S& P note that SMRT's financials have deteriorated more than it had expected because of larger operating expenses and high capital spending over the 12 mths to Jun13. S& P is also withdrawing its 'axA-1+' short-term ASEAN regional scale rating on SMRT. Overall, Maybank-KE has a Sell Call on SMRT with a $1.00 TP, noting that prospects remain challenging in the absence of fare adjustments and operating costs are expected to rise with wage revisions, higher headcount, and higher train maintenance and depreciation. The group is continuing its discussion with the S?pore government on how best to sustain a viable business model with a new rail/bus financing and operational framework but no time-line has been given on the outcome of the talks. At the current price, SMRT trades at 22x forward P/E versus ComfortDelgro?s 16x. | ||||
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ZeeZee
Member |
05-Sep-2013 22:13
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It is really just poor management. Their inability to utilise their resources to maximise profits. Fare increment is the easiest way to increase profits but there are definitely other workaround. Public transport fee hike entails too much political and social consequences.
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Mardi.tan
Member |
05-Sep-2013 21:58
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If gov don allow fare increament., gov should privatise smrt. Being a public listed company to make profit is reasonable ., however our gov put a lot of terms and rules on it and expect so much from smrt without fare increament is really not acceptable for a public company. It is not fair to all smrt shareholders.
PAP.. pls privatise smrt and return us the money. We will support u for coming election. |
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ZeeZee
Member |
05-Sep-2013 15:16
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I agree wholeheartedly about the staffs during peak hr. Having staffs to usher doesnt help in efficieny because in rush hr period, everyone wants to get on the train so everyone will allocate themselves properly. They are really wasting so much money employing those staffs. I feel that they have nt been utilising their space to maximise profits from advertising for other companies. Trains and station are perfect avenues for creative ads. |
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zhixuen
Veteran |
05-Sep-2013 14:40
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If no earning why still giving out increment and bonus? under management by Desmond SMRT is worst than before. No strategy at all to curb the cost increasing. Is better to ask government to make use of Termasek Profit to nationalize SMRT to subsidy the citizen. |
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oldflyingfox
Master |
02-Aug-2013 10:36
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I m not so agreeable on Rosesyrup's view. Firstly, I found that even during off peak hours, the trains are crowed most of the time, hardly can find any seats. I just wonder which lucky station she boarded from. As for the staff cost, most of the increase is due to the gov new policy changes which required additional staff in certain areas. And I also felt that the previous CEO has been cutting corners during that time to push up the profit so now is only right to undo the wrong. Looking at the business point, we should view SMRT as a property company and not a transport company. Don't forgot that all the retail shops it own are at the prime areas, it should not make profit from the trains but should instead view as function of pulling crows into the money generating retail shops. So to me, it is a huge monopoly landlord with prime spaces to let. |
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