Not surprising considered what had happen for the past year.....will fares be increased soon?
SMRT reports Q4 net loss of S$11.9m - Channel NewsAsia
SMRT reports Q4 net loss of S$11.9m - Channel NewsAsia
Last edited:
What do you think?
In addition they have to do 1 year trial of free travel before certain time.
The cost has to be passed to some one else. That means you.
A monopoly reporting profit & loss is meaningless. It is in a position to charge you more if it says it is losing money.
You do not have a choice. There is no competitor to measure it against.
For example, a monopoly can (theoretically) pay its CEO US$100 million per year with golden handshake clause of US$500 Million; and then declare that it is "losing" money and thus have to charge consumers more.
Do you read the news?In addition they have to do 1 year trial of free travel before certain time.
The cost has to be passed to some one else. That means you.
If A already has to help B with $1.1 Billion.
Then A says it absorbs trial cost of something else.
After that, A has less to "help" B with in future. Which means in future B has to raise the money in other ways. Just a round-about-calc.
LTA regulates SMRT and SBSTransit and taxi companies ..... SMRT does not have the authority to adjust fares as they like
For goodness sake, when folks make an effort to be forthright and transparent to the public , stop jumping into all these conspiracy theories
"A monopoly reporting profit & loss is meaningless"
monopoly or not, its a publicly listed company, it answers to its shareholders so it needs to report its financials
S53.SI: Summary for SMRT- Yahoo! Singapore Finance
very cheap imho .... why not buy and OWN this monopoly ? Then u can go to their AGM, enjoy a good buffet and you have every right to rail at them as a shareholder to keep fares low or reduce them ?
very cheap imho .... why not buy and OWN this monopoly ? Then u can go to their AGM, enjoy a good buffet and you have every right to rail at them as a shareholder to keep fares low or reduce them ?
i think if you are shareholder of SMRT, you will want them to raise fares and make more profits so you will get more capital gains + possibility of higher dividends payout.
bearish break of key $1.50 support today on high volume. price is still in long term downtrend. i think there is still further downside to price and i will wait for reversal signals before entering.
just my 2 cents view on SMRT
Not surprising considered what had happen for the past year.....will fares be increased soon?
SMRT reports Q4 net loss of S$11.9m - Channel NewsAsia
Must get Saw Phaik Hwa back so that our SMRT wil make money again.
You mean,Must get Saw Phaik Hwa back so that our SMRT will make money again.
You mean,
So Pai Kwa (very ugly)?
Personally, i'm thinking about that too. Waiting to see if the price will drop further before entering.
On a separate note, I observed that SMRT is too focused on the local market. Unlike its counterpart ComfortDelGro which is venturing overseas from UK to China.