Home
Login Register
OCBC Bank    Last:23.4    -0.54

ifast $6.32

 Post Reply 341-360 of 425
 
chartistkao1
    07-Feb-2022 14:37  
Contact    Quote!
https://www.mfa.gov.cn/ce/ceus//chn/xw/t378214.htm
中 石 化 A股 发 行 价 4.22, 现 价 5.42, H股 发 行 价 10.5, 现 价 7.17, 中 国 石 油 A股 上 市 价 16.7, 现 价 8.05, 港 股 发 行 价 1.27, 现 价 10.72。 没 经 过 汇 率 调 整 , 也 没 考 虑 上 市 时 间 和 当 时 的 市 场 情 绪 , 纯 比 较 着 玩 。 联 想 到 中 石 油 A股 上 市 48元 , 难 免 感 叹 人 类 文 明 日 新 月 异 , 但 人 性 千 古 变 化 甚 少 , 理 性 只 是 属 于 少 数 人 的 , 面 临 金 钱 名 利 的 时 候 大 众 的 理 性 就 更 少

作 者 : 山 林 漫 步
链 接 : https://xueqiu.com/8641905994/31606113?from=singlemessage
来 源 : 雪 球
著 作 权 归 作 者 所 有 。 商 业 转 载 请 联 系 作 者 获 得 授 权 , 非 商 业 转 载 请 注 明 出 处 。
风 险 提 示 : 本 文 所 提 到 的 观 点 仅 代 表 个 人 的 意 见 , 所 涉 及 标 的 不 作 推 荐 , 据 此 买 卖 , 风 险 自 负 。
中 石 化 A股 发 行 价 4.22, 现 价 5.42, H股 发 行 价 10.5, 现 价 7.17, 中 国 石 油 A股 上 市 价 16.7, 现 价 8.05, 港 股 发 行 价 1.27, 现 价 10.72。 没 经 过 汇 率 调 整 , 也 没 考 虑 上 市 时 间 和 当 时 的 市 场 情 绪 , 纯 比 较 着 玩 。 联 想 到 中 石 油 A股 上 市 48元 , 难 免 感 叹 人 类 文 明 日 新 月 异 , 但 人 性 千 古 变 化 甚 少 , 理 性 只 是 属 于 少 数 人 的 , 面 临 金 钱 名 利 的 时 候 大 众 的 理 性 就 更 少 了

作 者 : 山 林 漫 步
链 接 : https://xueqiu.com/8641905994/31606113?from=singlemessage
来 源 : 雪 球
著 作 权 归 作 者 所 有 。 商 业 转 载 请 联 系 作 者 获 得 授 权 , 非 商 业 转 载 请 注 明 出 处 。
风 险 提 示 : 本 文 所 提 到 的 观 点 仅 代 表 个 人 的 意 见 , 所 涉 及 标 的 不 作 推 荐 , 据 此 买 卖 , 风 险 自 负 。
中 石 化 A股 发 行 价 4.22, 现 价 5.42, H股 发 行 价 10.5, 现 价 7.17, 中 国 石 油 A股 上 市 价 16.7, 现 价 8.05, 港 股 发 行 价 1.27, 现 价 10.72。 没 经 过 汇 率 调 整 , 也 没 考 虑 上 市 时 间 和 当 时 的 市 场 情 绪 , 纯 比 较 着 玩 。 联 想 到 中 石 油 A股 上 市 48元 , 难 免 感 叹 人 类 文 明 日 新 月 异 , 但 人 性 千 古 变 化 甚 少 , 理 性 只 是 属 于 少 数 人 的 , 面 临 金 钱 名 利 的 时 候 大 众 的 理 性 就 更 少 了

作 者 : 山 林 漫 步
链 接 : https://xueqiu.com/8641905994/31606113?from=singlemessage
来 源 : 雪 球
著 作 权 归 作 者 所 有 。 商 业 转 载 请 联 系 作 者 获 得 授 权 , 非 商 业 转 载 请 注 明 出 处 。
风 险 提 示 : 本 文 所 提 到 的 观 点 仅 代 表 个 人 的 意 见 , 所 涉 及 标 的 不 作 推 荐 , 据 此 买 卖 , 风 险 自 负 。


chartistkao1      ( Date: 07-Feb-2022 14:27) Posted:

http://www.gov.cn/jrzg/2007-11/05/content_796412.htm
 
http://news.stcn.com/2019/0826/15348203.shtml


chartistkao1      ( Date: 07-Feb-2022 13:32) Posted:

领 悟 到 什 么 吗
http://www.etnet.com.hk/www/eng/stocks/realtime/quote_chart_interactive.php?code=398


 
 
chartistkao1
    07-Feb-2022 14:27  
Contact    Quote!
http://www.gov.cn/jrzg/2007-11/05/content_796412.htm
 
http://news.stcn.com/2019/0826/15348203.shtml


chartistkao1      ( Date: 07-Feb-2022 13:32) Posted:

领 悟 到 什 么 吗
http://www.etnet.com.hk/www/eng/stocks/realtime/quote_chart_interactive.php?code=3988

chartistkao1      ( Date: 07-Feb-2022 13:26) Posted:

how to invest talk and do is different
https://www.youtube.com/watch?v=6kamuEDf78


 
 
chartistkao1
    07-Feb-2022 13:32  
Contact    Quote!
领 悟 到 什 么 吗
http://www.etnet.com.hk/www/eng/stocks/realtime/quote_chart_interactive.php?code=3988

chartistkao1      ( Date: 07-Feb-2022 13:26) Posted:

how to invest talk and do is different
https://www.youtube.com/watch?v=6kamuEDf784

chartistkao1      ( Date: 07-Feb-2022 13:22) Posted:

how to deal with them
https://www.youtube.com/watch?v=Hk_P6rfg_a


 

 
chartistkao1
    07-Feb-2022 13:26  
Contact    Quote!
how to invest talk and do is different
https://www.youtube.com/watch?v=6kamuEDf784

chartistkao1      ( Date: 07-Feb-2022 13:22) Posted:

how to deal with them
https://www.youtube.com/watch?v=Hk_P6rfg_aU

chartistkao1      ( Date: 07-Feb-2022 13:20) Posted:

laws can not reshape that market but it takes covid19 to do the real work
https://asia.nikkei.com/Business/Markets/Banks-down-spirits-up-Coronavirus-reshapes-China-stock-values
 
装 继 续 装


 
 
chartistkao1
    07-Feb-2022 13:22  
Contact    Quote!
how to deal with them
https://www.youtube.com/watch?v=Hk_P6rfg_aU

chartistkao1      ( Date: 07-Feb-2022 13:20) Posted:

laws can not reshape that market but it takes covid19 to do the real work
https://asia.nikkei.com/Business/Markets/Banks-down-spirits-up-Coronavirus-reshapes-China-stock-values
 
装 继 续 装


chartistkao1      ( Date: 07-Feb-2022 13:17) Posted:

3988 hk share
https://www.economist.com/finance-and-economics/2021/03/18/chinas-markets-are-shaking-off-their-casino-reputation
 
它 奶 奶 的
https://www.youtube.com/watch?v=qj5k19iT63A& list=RDqj5k19iT63A& start_radio=1
http://finance.sina.com.cn/stock/hkstock/hkstockbb/20060601/16062616626.shtml
 
 


 
 
chartistkao1
    07-Feb-2022 13:20  
Contact    Quote!
laws can not reshape that market but it takes covid19 to do the real work
https://asia.nikkei.com/Business/Markets/Banks-down-spirits-up-Coronavirus-reshapes-China-stock-values
 
装 继 续 装


chartistkao1      ( Date: 07-Feb-2022 13:17) Posted:

3988 hk share
https://www.economist.com/finance-and-economics/2021/03/18/chinas-markets-are-shaking-off-their-casino-reputation
 
它 奶 奶 的
https://www.youtube.com/watch?v=qj5k19iT63A& list=RDqj5k19iT63A& start_radio=1
http://finance.sina.com.cn/stock/hkstock/hkstockbb/20060601/16062616626.shtml
 
 


chartistkao1      ( Date: 07-Feb-2022 11:57) Posted:

after its ipo it had never above its ipo for the last 10 years
http://stock.jrj.com.cn/2006-06-02/000001513588.shtml?to=p


 

 
chartistkao1
    07-Feb-2022 13:17  
Contact    Quote!
3988 hk share
https://www.economist.com/finance-and-economics/2021/03/18/chinas-markets-are-shaking-off-their-casino-reputation
 
它 奶 奶 的
https://www.youtube.com/watch?v=qj5k19iT63A& list=RDqj5k19iT63A& start_radio=1
http://finance.sina.com.cn/stock/hkstock/hkstockbb/20060601/16062616626.shtml
 
 


chartistkao1      ( Date: 07-Feb-2022 11:57) Posted:

after its ipo it had never above its ipo for the last 10 years
http://stock.jrj.com.cn/2006-06-02/000001513588.shtml?to=pc

chartistkao1      ( Date: 07-Feb-2022 11:53) Posted:

if you
https://images.app.goo.gl/zKPg3TuUTDGXxcp19
 
hard
 
i will like wise
https://images.app.goo.gl/5jGdSMWd6eqwhzor5
 
harder


 
 
chartistkao1
    07-Feb-2022 11:57  
Contact    Quote!
after its ipo it had never above its ipo for the last 10 years
http://stock.jrj.com.cn/2006-06-02/000001513588.shtml?to=pc

chartistkao1      ( Date: 07-Feb-2022 11:53) Posted:

if you
https://images.app.goo.gl/zKPg3TuUTDGXxcp19
 
hard
 
i will like wise
https://images.app.goo.gl/5jGdSMWd6eqwhzor5
 
harder


chartistkao1      ( Date: 07-Feb-2022 11:52) Posted:

what is dealing in the market
you arm twist me i will use other ways to deal you up
 


 
 
chartistkao1
    07-Feb-2022 11:53  
Contact    Quote!
if you
https://images.app.goo.gl/zKPg3TuUTDGXxcp19
 
hard
 
i will like wise
https://images.app.goo.gl/5jGdSMWd6eqwhzor5
 
harder


chartistkao1      ( Date: 07-Feb-2022 11:52) Posted:

what is dealing in the market
you arm twist me i will use other ways to deal you up
 

chartistkao1      ( Date: 07-Feb-2022 11:48) Posted:

like alibaba relisting in hk , 3988 hk relisting again in 2022 look alike
http://finance.sina.com.cn/stock/hkstock/hkstockbb/20060601/16062616626.shtm


 
 
chartistkao1
    07-Feb-2022 11:52  
Contact    Quote!
what is dealing in the market
you arm twist me i will use other ways to deal you up
 

chartistkao1      ( Date: 07-Feb-2022 11:48) Posted:

like alibaba relisting in hk , 3988 hk relisting again in 2022 look alike
http://finance.sina.com.cn/stock/hkstock/hkstockbb/20060601/16062616626.shtml

chartistkao1      ( Date: 07-Feb-2022 11:29) Posted:

and soon bp or shell may try secondary listing in sgx too
https://www.straitstimes.com/business/companies-markets/bankers-testing-waters-on-saudi-aramco-secondary-listing-say-sgx-an-optio


 

 
chartistkao1
    07-Feb-2022 11:48  
Contact    Quote!
like alibaba relisting in hk , 3988 hk relisting again in 2022 look alike
http://finance.sina.com.cn/stock/hkstock/hkstockbb/20060601/16062616626.shtml

chartistkao1      ( Date: 07-Feb-2022 11:29) Posted:

and soon bp or shell may try secondary listing in sgx too
https://www.straitstimes.com/business/companies-markets/bankers-testing-waters-on-saudi-aramco-secondary-listing-say-sgx-an-option

chartistkao1      ( Date: 07-Feb-2022 11:22) Posted:

cdl 2022 share still at 2020' s share price after two years of bashing down by shortsellers
https://www.straitstimes.com/business/companies-markets/cdl-director-kwek-leng-peck-quits-after-clash-with-board-managemen


 
 
chartistkao1
    07-Feb-2022 11:29  
Contact    Quote!
and soon bp or shell may try secondary listing in sgx too
https://www.straitstimes.com/business/companies-markets/bankers-testing-waters-on-saudi-aramco-secondary-listing-say-sgx-an-option

chartistkao1      ( Date: 07-Feb-2022 11:22) Posted:

cdl 2022 share still at 2020' s share price after two years of bashing down by shortsellers
https://www.straitstimes.com/business/companies-markets/cdl-director-kwek-leng-peck-quits-after-clash-with-board-management

chartistkao1      ( Date: 07-Feb-2022 11:05) Posted:

for property it will be 0010hk and cdl
https://www.ig.com/sg/news-and-trade-ideas/cdl-shares-tumble-after-third-director-quits-over-sincere-invest-21010


 
 
chartistkao1
    07-Feb-2022 11:22  
Contact    Quote!
cdl 2022 share still at 2020' s share price after two years of bashing down by shortsellers
https://www.straitstimes.com/business/companies-markets/cdl-director-kwek-leng-peck-quits-after-clash-with-board-management

chartistkao1      ( Date: 07-Feb-2022 11:05) Posted:

for property it will be 0010hk and cdl
https://www.ig.com/sg/news-and-trade-ideas/cdl-shares-tumble-after-third-director-quits-over-sincere-invest-210104

chartistkao1      ( Date: 07-Feb-2022 11:02) Posted:

for banks, buy 3988hk and public bank
https://www.bursamalaysia.com/market_information/announcements/company_announcement?company=1295
 
The BANK OF CHINA LTD AD stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.


 
 
chartistkao1
    07-Feb-2022 11:05  
Contact    Quote!
for property it will be 0010hk and cdl
https://www.ig.com/sg/news-and-trade-ideas/cdl-shares-tumble-after-third-director-quits-over-sincere-invest-210104

chartistkao1      ( Date: 07-Feb-2022 11:02) Posted:

for banks, buy 3988hk and public bank
https://www.bursamalaysia.com/market_information/announcements/company_announcement?company=1295
 
The BANK OF CHINA LTD AD stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.


chartistkao1      ( Date: 07-Feb-2022 10:59) Posted:

buy 0857hk and tenaga
https://www.bursamalaysia.com/market_information/announcements/company_announcement?company=534


 
 
chartistkao1
    07-Feb-2022 11:02  
Contact    Quote!
for banks, buy 3988hk and public bank
https://www.bursamalaysia.com/market_information/announcements/company_announcement?company=1295
 
The BANK OF CHINA LTD AD stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.


chartistkao1      ( Date: 07-Feb-2022 10:59) Posted:

buy 0857hk and tenaga
https://www.bursamalaysia.com/market_information/announcements/company_announcement?company=5347

chartistkao1      ( Date: 07-Feb-2022 10:33) Posted:

like the bank shares in sgx sold down in 2020 you should stock up before this situation arises
https://www.smh.com.au/politics/federal/chronic-rapid-test-shortage-to-continue-for-days-as-pm-offers-states-more-free-kits-20220104-p59lpb.htm


 

 
chartistkao1
    07-Feb-2022 10:59  
Contact    Quote!
buy 0857hk and tenaga
https://www.bursamalaysia.com/market_information/announcements/company_announcement?company=5347

chartistkao1      ( Date: 07-Feb-2022 10:33) Posted:

like the bank shares in sgx sold down in 2020 you should stock up before this situation arises
https://www.smh.com.au/politics/federal/chronic-rapid-test-shortage-to-continue-for-days-as-pm-offers-states-more-free-kits-20220104-p59lpb.html

chartistkao1      ( Date: 07-Feb-2022 10:25) Posted:

we had food shortage ,mask shortage now the ART test kit shortage worldwideand we still survive
https://www.straitstimes.com/singapore/health/antigen-rapid-test-kits-sold-out-at-some-retailers
https://www.theatlantic.com/health/archive/2020/04/why-were-running-out-of-masks-in-the-coronavirus-crisis/609757/
https://www.weforum.org/agenda/2021/05/global-food-crises-report-conflict-2021/

 


 
 
chartistkao1
    07-Feb-2022 10:33  
Contact    Quote!
like the bank shares in sgx sold down in 2020 you should stock up before this situation arises
https://www.smh.com.au/politics/federal/chronic-rapid-test-shortage-to-continue-for-days-as-pm-offers-states-more-free-kits-20220104-p59lpb.html

chartistkao1      ( Date: 07-Feb-2022 10:25) Posted:

we had food shortage ,mask shortage now the ART test kit shortage worldwideand we still survive
https://www.straitstimes.com/singapore/health/antigen-rapid-test-kits-sold-out-at-some-retailers
https://www.theatlantic.com/health/archive/2020/04/why-were-running-out-of-masks-in-the-coronavirus-crisis/609757/
https://www.weforum.org/agenda/2021/05/global-food-crises-report-conflict-2021/

 

chartistkao1      ( Date: 07-Feb-2022 10:20) Posted:

if you are not killed by the 2013 penny stock crashed and the china aviation crashed in 2004then you will survived 2022' s market in sgx
https://www.caosco.com/news-releases/news-release-details/china-aviation-oil-top-ranked-ipo-2001
 


 
 
chartistkao1
    07-Feb-2022 10:25  
Contact    Quote!
we had food shortage ,mask shortage now the ART test kit shortage worldwideand we still survive
https://www.straitstimes.com/singapore/health/antigen-rapid-test-kits-sold-out-at-some-retailers
https://www.theatlantic.com/health/archive/2020/04/why-were-running-out-of-masks-in-the-coronavirus-crisis/609757/
https://www.weforum.org/agenda/2021/05/global-food-crises-report-conflict-2021/

 

chartistkao1      ( Date: 07-Feb-2022 10:20) Posted:

if you are not killed by the 2013 penny stock crashed and the china aviation crashed in 2004then you will survived 2022' s market in sgx
https://www.caosco.com/news-releases/news-release-details/china-aviation-oil-top-ranked-ipo-2001
 

chartistkao1      ( Date: 07-Feb-2022 10:14) Posted:

before smrt was delisted
Enter SMRT.
The government in its 1996 White Paper on Land Transport explicitly encourages transportation companies to pursue a multichannel business model and urges them to consolidate to give Singapore " world-class transportation services." In May 1999, then-Communications Minister Mah Bow Tan said SMRT was merging with TIBS, a move that surprised the public and financial analysts. He quickly added that he was only speaking on behalf of SMRT. In the five months that followed, the two transport companies kept quiet about the terms of a possible merger deal. Local media reported that the two parties were haggling over the price of the deal, which was never publicized.
After that first bid failed, the government came out and said it wasn' t trying to force a wedding between TIBS and SMRT. But some analysts speculate that the government, which owns 67.2% of SMRT, did nudge forward this most recent bid.
From a purely commercial point of view, it is difficult for many financial analysts to see the benefits of merging the two companies. As the railway route expands and bus services become less vital to commuters' daily travels, SMRT would essentially be cannibalizing its newly acquired TIBS bus routes. " I' d actually be much happier if they looked overseas," says an analyst at a foreign investment house. " Why not look at Thailand or Malaysia?"
But if you believe that this merger is motivated by the Singapore government, Kwok-Wing Cheong of UBS Warburg says " there has to be something in it for SMRT... . You have to ask why one listed company should be making sacrifices for another listed company... . Obviously, it' s for the Marina line."
" If you think SMRT has done its homework, you will know that it' s a positive deal for them. It puts them in a good position to be awarded the Marina line," Mr. Cheong added.
And that means a steady rise in income for the railway company in the long run. For now, TIBS' s existing bus routes would compliment SMRT' s own night bus services, which operate from about midnight until 4 a.m., after the last MRT train runs.
Assuming the merger goes through -- TIBS' s main shareholder and managing director, Ng Ser Miang, who controls 41.2% of TIBS, has said he will vote in favor of it -- SMRT will instantly gain a bus ridership of about 800,000 a day, or roughly 25% of bus ridership on the island. The long-term benefits will likely offset an expected slowdown in SMRT earnings for fiscal year 2002, when SMRT has to pay a hefty sum back to the Land Transport Authority for its 30-year license to operate existing railway lines.
For G. K. Goh Securities, these factors are convincing enough to maintain a buy recommendation for SMRT. Besides, if you look at SMRT' s dividend policy of paying out 50% of its net profit, analysts say, it could be a good bet in this economic downturn. So even for analysts skeptical of the value of the TIBS-SMRT merger, the recommendation is to accumulate in the long-term.
 


 
 
chartistkao1
    07-Feb-2022 10:20  
Contact    Quote!
if you are not killed by the 2013 penny stock crashed and the china aviation crashed in 2004then you will survived 2022' s market in sgx
https://www.caosco.com/news-releases/news-release-details/china-aviation-oil-top-ranked-ipo-2001
 

chartistkao1      ( Date: 07-Feb-2022 10:14) Posted:

before smrt was delisted
Enter SMRT.
The government in its 1996 White Paper on Land Transport explicitly encourages transportation companies to pursue a multichannel business model and urges them to consolidate to give Singapore " world-class transportation services." In May 1999, then-Communications Minister Mah Bow Tan said SMRT was merging with TIBS, a move that surprised the public and financial analysts. He quickly added that he was only speaking on behalf of SMRT. In the five months that followed, the two transport companies kept quiet about the terms of a possible merger deal. Local media reported that the two parties were haggling over the price of the deal, which was never publicized.
After that first bid failed, the government came out and said it wasn' t trying to force a wedding between TIBS and SMRT. But some analysts speculate that the government, which owns 67.2% of SMRT, did nudge forward this most recent bid.
From a purely commercial point of view, it is difficult for many financial analysts to see the benefits of merging the two companies. As the railway route expands and bus services become less vital to commuters' daily travels, SMRT would essentially be cannibalizing its newly acquired TIBS bus routes. " I' d actually be much happier if they looked overseas," says an analyst at a foreign investment house. " Why not look at Thailand or Malaysia?"
But if you believe that this merger is motivated by the Singapore government, Kwok-Wing Cheong of UBS Warburg says " there has to be something in it for SMRT... . You have to ask why one listed company should be making sacrifices for another listed company... . Obviously, it' s for the Marina line."
" If you think SMRT has done its homework, you will know that it' s a positive deal for them. It puts them in a good position to be awarded the Marina line," Mr. Cheong added.
And that means a steady rise in income for the railway company in the long run. For now, TIBS' s existing bus routes would compliment SMRT' s own night bus services, which operate from about midnight until 4 a.m., after the last MRT train runs.
Assuming the merger goes through -- TIBS' s main shareholder and managing director, Ng Ser Miang, who controls 41.2% of TIBS, has said he will vote in favor of it -- SMRT will instantly gain a bus ridership of about 800,000 a day, or roughly 25% of bus ridership on the island. The long-term benefits will likely offset an expected slowdown in SMRT earnings for fiscal year 2002, when SMRT has to pay a hefty sum back to the Land Transport Authority for its 30-year license to operate existing railway lines.
For G. K. Goh Securities, these factors are convincing enough to maintain a buy recommendation for SMRT. Besides, if you look at SMRT' s dividend policy of paying out 50% of its net profit, analysts say, it could be a good bet in this economic downturn. So even for analysts skeptical of the value of the TIBS-SMRT merger, the recommendation is to accumulate in the long-term.
 

chartistkao1      ( Date: 07-Feb-2022 10:12) Posted:

SMRT Looks to Expand Rail With Takeover Bid for TIBS

By Shu Shin LuhStaff Reporter of The Wall Street Journal
July 30, 2001 12:01 am ET
 
 
Print
 
 
Text
Why would a profitable, well-managed railway company buy a bus service certain to see declining ridership in the next decade?
That is a question investors have been asking since SMRT, which operates Singapore' s mass rapid-transit system, announced a 194 million Singapore dollar (US$107.2 million) takeover bid for bus and taxi company TIBS Holding on July 9. It isn' t the first time investors have asked that question. The two companies did the merger dance in 1999 when then-private SMRT had intended to use publicly traded TIBS as a backdoor listing vehicle. That deal collapsed, analysts say, mainly because the price wasn' t right. Publicly, though, SMRT officials said they decided instead to seek a listing on the stock exchange first.
SMRT listed on the Singapore stock exchange in July 2000. Listing independently gave SMRT the advantage this time around of not overpaying for TIBS' s publicly listed status. So, in that sense, you could say that SMRT came out the winner in this deal. (The deal is pending approval from TIBS shareholders.)
But that still doesn' t answer why it makes good business sense for SMRT to buy TIBS. An obvious problem is that Singapore' s market is a small one. Even if transport companies diversify locally, " the growth of commuter traffic is pedestrian," says Kevin Scully, director of online investment adviser Netresearch-Asia.com.
With Singapore planning to build 540 kilometers (335 miles) of railway lines by 2030, bus service will likely dwindle in significance. Major bus routes will be made redundant. Buses would be used only as less profitable feeder services that take commuters the short distances from the train station to their homes, some analysts say.
TIBS recognized this a few years back and tried to expand into the rail business on its own. It sent its senior executives abroad for training in rail-line management. Its hopes to diversify were shattered two years ago when it lost a bid to its bus rival, Singapore Bus Services, to run the North-East railway line, which will cut diagonally through the central part of the country and shorten commute times for people coming in and out of the city for work from their housing developments.
The next lifeline for TIBS would be the bidding for the Marina line at the end of this year, but the first phase of the railway line won' t be completed until 2005, according to the Land Transport Authority. When completed, the Marina line will stretch from the city center to the eastern part of Singapore. When linked with other rail projects in the pipeline, it will be possible for riders to reach virtually all parts of the island-state without having to come all the way into the city.
TIBS appeared to have few choices in the long run, some analysts say. An analyst at a foreign investment house says with coverage of only 20% of Singapore' s bus network, " it can' t survive on its own." After all, Singapore Bus Services covers the remaining 80% of the island network. Only a merger, or allowing TIBS to run the more profitable train lines, can keep it in business.
 


 
 
chartistkao1
    07-Feb-2022 10:14  
Contact    Quote!
before smrt was delisted
Enter SMRT.
The government in its 1996 White Paper on Land Transport explicitly encourages transportation companies to pursue a multichannel business model and urges them to consolidate to give Singapore " world-class transportation services." In May 1999, then-Communications Minister Mah Bow Tan said SMRT was merging with TIBS, a move that surprised the public and financial analysts. He quickly added that he was only speaking on behalf of SMRT. In the five months that followed, the two transport companies kept quiet about the terms of a possible merger deal. Local media reported that the two parties were haggling over the price of the deal, which was never publicized.
After that first bid failed, the government came out and said it wasn' t trying to force a wedding between TIBS and SMRT. But some analysts speculate that the government, which owns 67.2% of SMRT, did nudge forward this most recent bid.
From a purely commercial point of view, it is difficult for many financial analysts to see the benefits of merging the two companies. As the railway route expands and bus services become less vital to commuters' daily travels, SMRT would essentially be cannibalizing its newly acquired TIBS bus routes. " I' d actually be much happier if they looked overseas," says an analyst at a foreign investment house. " Why not look at Thailand or Malaysia?"
But if you believe that this merger is motivated by the Singapore government, Kwok-Wing Cheong of UBS Warburg says " there has to be something in it for SMRT... . You have to ask why one listed company should be making sacrifices for another listed company... . Obviously, it' s for the Marina line."
" If you think SMRT has done its homework, you will know that it' s a positive deal for them. It puts them in a good position to be awarded the Marina line," Mr. Cheong added.
And that means a steady rise in income for the railway company in the long run. For now, TIBS' s existing bus routes would compliment SMRT' s own night bus services, which operate from about midnight until 4 a.m., after the last MRT train runs.
Assuming the merger goes through -- TIBS' s main shareholder and managing director, Ng Ser Miang, who controls 41.2% of TIBS, has said he will vote in favor of it -- SMRT will instantly gain a bus ridership of about 800,000 a day, or roughly 25% of bus ridership on the island. The long-term benefits will likely offset an expected slowdown in SMRT earnings for fiscal year 2002, when SMRT has to pay a hefty sum back to the Land Transport Authority for its 30-year license to operate existing railway lines.
For G. K. Goh Securities, these factors are convincing enough to maintain a buy recommendation for SMRT. Besides, if you look at SMRT' s dividend policy of paying out 50% of its net profit, analysts say, it could be a good bet in this economic downturn. So even for analysts skeptical of the value of the TIBS-SMRT merger, the recommendation is to accumulate in the long-term.
 

chartistkao1      ( Date: 07-Feb-2022 10:12) Posted:

SMRT Looks to Expand Rail With Takeover Bid for TIBS

By Shu Shin LuhStaff Reporter of The Wall Street Journal
July 30, 2001 12:01 am ET
 
 
Print
 
 
Text
Why would a profitable, well-managed railway company buy a bus service certain to see declining ridership in the next decade?
That is a question investors have been asking since SMRT, which operates Singapore' s mass rapid-transit system, announced a 194 million Singapore dollar (US$107.2 million) takeover bid for bus and taxi company TIBS Holding on July 9. It isn' t the first time investors have asked that question. The two companies did the merger dance in 1999 when then-private SMRT had intended to use publicly traded TIBS as a backdoor listing vehicle. That deal collapsed, analysts say, mainly because the price wasn' t right. Publicly, though, SMRT officials said they decided instead to seek a listing on the stock exchange first.
SMRT listed on the Singapore stock exchange in July 2000. Listing independently gave SMRT the advantage this time around of not overpaying for TIBS' s publicly listed status. So, in that sense, you could say that SMRT came out the winner in this deal. (The deal is pending approval from TIBS shareholders.)
But that still doesn' t answer why it makes good business sense for SMRT to buy TIBS. An obvious problem is that Singapore' s market is a small one. Even if transport companies diversify locally, " the growth of commuter traffic is pedestrian," says Kevin Scully, director of online investment adviser Netresearch-Asia.com.
With Singapore planning to build 540 kilometers (335 miles) of railway lines by 2030, bus service will likely dwindle in significance. Major bus routes will be made redundant. Buses would be used only as less profitable feeder services that take commuters the short distances from the train station to their homes, some analysts say.
TIBS recognized this a few years back and tried to expand into the rail business on its own. It sent its senior executives abroad for training in rail-line management. Its hopes to diversify were shattered two years ago when it lost a bid to its bus rival, Singapore Bus Services, to run the North-East railway line, which will cut diagonally through the central part of the country and shorten commute times for people coming in and out of the city for work from their housing developments.
The next lifeline for TIBS would be the bidding for the Marina line at the end of this year, but the first phase of the railway line won' t be completed until 2005, according to the Land Transport Authority. When completed, the Marina line will stretch from the city center to the eastern part of Singapore. When linked with other rail projects in the pipeline, it will be possible for riders to reach virtually all parts of the island-state without having to come all the way into the city.
TIBS appeared to have few choices in the long run, some analysts say. An analyst at a foreign investment house says with coverage of only 20% of Singapore' s bus network, " it can' t survive on its own." After all, Singapore Bus Services covers the remaining 80% of the island network. Only a merger, or allowing TIBS to run the more profitable train lines, can keep it in business.
 

chartistkao1      ( Date: 07-Feb-2022 10:08) Posted:

https://goodyfeed.com/remember-trans-island-heres-what-happened-to-it-now


 
Important: Please read our Terms and Conditions and Privacy Policy .