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Perhaps hire Buffett as consultant? Only 100k per year.

(02-03-2014, 11:52 PM)freedom Wrote: [ -> ]

Quote:It is in the self-interest of governments to treat capital providers in a manner that will ensure the continued flow of funds to essential projects. It is meanwhile in our self-interest to conduct our operations in a way that earns the approval of our regulators and the people they represent.

a quote from Mr. Buffett's letter to shareholders.

Maybe the government should learn a thing or two from Mr. Buffett. Treating capital providers bad will not result in any good prospect for the highly-regulated transport market.

SMRT should be quite safe from this since TMS is the major SH.

just a quick question: why has their bus service been loss-making for so many years? can they turn it around like their taxi operation?

I chose to post the article here, SMRT seems having the lion share of the train disruptions among PTOs. The article shows SMRT, and other PTO, will be watched closely...

MRT commuters’ unhappiness needs to be addressed: Lui

SINGAPORE — The setbacks in the first two months of this year are a stark reminder that improving the reliability of Singapore’s rail system is a lengthy and painstaking journey, even while the overall trend on train withdrawals shows that we are moving in the right direction, said Transport Minister Lui Tuck Yew in Parliament today (March 11).

Mr Lui said he was keenly aware of the issues to be fixed and his priority will be to address the dissatisfaction with waiting and travel time, and reliability of rail services.

The 2013 Public Transport Customer Satisfaction Survey (PTCSS) conducted by SIM University showed that customer satisfaction of MRT services dipped from 92.1 per cent in 2012 to 88.9 per cent, due mainly to lower customer satisfaction with waiting time, reliability, travel time and customer service.

Mr Lui also said that there should be a focus on reducing train disruptions during the morning peak hours because these cause the greatest inconvenience to the most commuters.

As the most important checks are done in the wee hours prior to deploying the fleet in the morning, Mr Lui said that the operators must enhance their night time maintenance works, and conduct more stringent checks on the condition of the trains, just before they are launched into revenue service.

Other than train reliability, Mr Lui also announced the acceleration of the noise barrier programme and the expansion of train capacity.

Separately, the Land Transport Authority have also announced plans to develop a central data repository for asset failure reports and maintenance records, to ensure accurate and timely knowledge about the conditions of all rail assets.

Apart from its regulatory audits, LTA will also review asset health and performances with the public transport operators on a regular basis, to engender a shift in maintenance culture where possible areas of concern are surfaced early based on monitored trends, and where measures are put in place to arrest such trends before faults develop.
http://www.todayonline.com/singapore/mrt...ddress-lui

The growth of SMRT, seems on oversea projects and rental income, rather than from fare income...

(not vested)

SMRT signs MOU with Huawei

SMRT Corporation President and Chief Executive Officer Desmond Kuek has signed a Memorandum of Understanding (MOU) with David He, President of Global Solution Sales of Huawei Enterprise Business Group (Huawei).

The collaboration will see both companies partnering to jointly develop and market products and solutions in the international market.

Some of the products and services which will be jointly marketed globally include SMRT’s Automatic Fare Collection or Passenger Information System, as well as Huawei’s communication network, its radio system, IP-based video surveillance system and PBX systems. SMRT and Huawei will be conducting seminars and joint marketing events at international transportation conferences to promote these joint services, and will be collaborating in the installation and commissioning of these solutions for customers.

The signing took place on 20 March at Huawei’s Headquarters at Shenzhen.

Ref: http://www.theedgesingapore.com/the-dail...uawei.html#

(26-03-2014, 09:35 AM)CityFarmer Wrote: [ -> ]The growth of SMRT, seems on oversea projects and rental income, rather than from fare income...

(not vested)

SMRT signs MOU with Huawei

SMRT Corporation President and Chief Executive Officer Desmond Kuek has signed a Memorandum of Understanding (MOU) with David He, President of Global Solution Sales of Huawei Enterprise Business Group (Huawei).

The collaboration will see both companies partnering to jointly develop and market products and solutions in the international market.

Some of the products and services which will be jointly marketed globally include SMRT’s Automatic Fare Collection or Passenger Information System, as well as Huawei’s communication network, its radio system, IP-based video surveillance system and PBX systems. SMRT and Huawei will be conducting seminars and joint marketing events at international transportation conferences to promote these joint services, and will be collaborating in the installation and commissioning of these solutions for customers.

The signing took place on 20 March at Huawei’s Headquarters at Shenzhen.

Ref: http://www.theedgesingapore.com/the-dail...uawei.html#

I see this as a non-event. SMRT's overseas biz is classfied under Engineering & Other Svcs in the non-fare segment which reported revenue of $25.1m and a meagre profit of $1.3m in 9M FY14($1.3m in 9M FY13).

Instead, growth of SMRT is coming from advertising and rental.

Advertising reported revenue and profit of $27.6m($23.7m) and $16.4m($14.1m) in 9M FY14(9M FY13) respectively. This translates to growth of 16% to both top and bottom line.

Rental reported revenue and profit of $72.5m($65.8m) and $54.7($50.3m) in 9M FY14(9M FY13) respectively, translating to growth of 10% and 8.7% to both top and both line respectively.

The bus service should be improving over time...

SMRT to bring in 570 new buses, including over 200 double-deckers

SINGAPORE — SMRT Buses is bringing in 570 new buses as part of its fleet growth and renewal strategy, including, for the first time, 201 double-decker models. The company says this is its largest fleet renewal and growth initiative, and that it reaffirms its commitment to offering commuters the “highest standards in safety, reliability, care and comfort”, according to a statement issued today (April 2).

The company added that 218 of the new buses are being introduced and funded under SMRT’s participation in the Land Transport Authority’s Bus Service Enhancement Programme.

The first batch of about 30 new buses are expected to be put into service in July this year.
http://www.todayonline.com/singapore/smr...le-deckers

SMRT looks to have a good support at $1.00 level for accumulating


not vested

not convincing as no target dates/plan for completion of upgrades..trouble-free train rides.. etc..

BOD & Chairman needs to provide clear directions for this in order for public and shareholders to be comfortable!

i am interested in SMRT too. but current dividend just 2 cent.