how can smrt be nationalized? does the garmen have to pay a premium to buyout all existing shareholders to take it back?
so it is unlikely to be nationalized?
give and take, till 2016... will recover lah!
Why 2016? If you are referring to DTL full opening, I think SBS transit will benefit more as they will be operating DTL and not SMRT.
2016 is Election Year. I believe what bratzz is saying is after Election, the government will likely allow the price to adjust upwards.
Tio bo?
DTL full operation is 2018, if I not wrong. 2016, or 2015 is the opening of DTL3, which links the Bt Timah area to City.
Ooops, then my bad.
Also 1 interesting observation from SMRT is that 67M of its 127M profit for previous FY came from rentals. Does that mean SMRT profitability till 2016/17 will be susceptible to the commercial rental market cycle? The rental segment carries a OPM of 75.8%. This is because its train operations profitability is set to decline in the near term
(08-09-2013, 12:09 PM)NTL Wrote: [ -> ]2016 is Election Year. I believe what bratzz is saying is after Election, the government will likely allow the price to adjust upwards.
Tio bo?
DTL full operation is 2018, if I not wrong. 2016, or 2015 is the opening of DTL3, which links the Bt Timah area to City.
I did not remember that fare was adjusted higher after 2011 election. If the government wants to adjust the fare, now is the best time.
And goernment should adjust the fare to reflect the inflation in Singapore. Depressing public transport fare has no good for any one in the long term. Eventually, still the public will foot the bill.
SMRT locations are very central, which makes them highly rentable. Open a supermarket at every station will see lots of crowd there.
(08-09-2013, 12:22 PM)freedom Wrote: [ -> ] (08-09-2013, 12:09 PM)NTL Wrote: [ -> ]2016 is Election Year. I believe what bratzz is saying is after Election, the government will likely allow the price to adjust upwards.
Tio bo?
DTL full operation is 2018, if I not wrong. 2016, or 2015 is the opening of DTL3, which links the Bt Timah area to City.
I did not remember that fare was adjusted higher after 2011 election. If the government wants to adjust the fare, now is the best time.
And goernment should adjust the fare to reflect the inflation in Singapore. Depressing public transport fare has no good for any one in the long term. Eventually, still the public will foot the bill.
There is.
http://www.ptc.gov.sg/FactsAndFigures/ch...tments.htm
BUS AND RTS FARE REVISION
2-cent increase in adult card fares
1-cent increase in senior citizen card fares
10-cent increase in adult cash fares
Extension of senior citizen concession hours to full-day
Lowering of senior citizen fares on NEL and CCL
(08-09-2013, 12:24 PM)NTL Wrote: [ -> ]SMRT locations are very central, which makes them highly rentable. Open a supermarket at every station will see lots of crowd there.
(08-09-2013, 12:22 PM)freedom Wrote: [ -> ] (08-09-2013, 12:09 PM)NTL Wrote: [ -> ]2016 is Election Year. I believe what bratzz is saying is after Election, the government will likely allow the price to adjust upwards.
Tio bo?
DTL full operation is 2018, if I not wrong. 2016, or 2015 is the opening of DTL3, which links the Bt Timah area to City.
I did not remember that fare was adjusted higher after 2011 election. If the government wants to adjust the fare, now is the best time.
And goernment should adjust the fare to reflect the inflation in Singapore. Depressing public transport fare has no good for any one in the long term. Eventually, still the public will foot the bill.
There is.
http://www.ptc.gov.sg/FactsAndFigures/ch...tments.htm
BUS AND RTS FARE REVISION
2-cent increase in adult card fares
1-cent increase in senior citizen card fares
10-cent increase in adult cash fares
Extension of senior citizen concession hours to full-day
Lowering of senior citizen fares on NEL and CCL
My gut feel is a fare revision at the end of this year when the PTC meet.
From the adjustments done previously, I think the killer blow came when they go into distance based. While it is good for the consumer, I believe it trims alot of revenue from the operators. They still need to operates the same (or more) buses and trains, but only the first boarding get to pay the bulk.
PS: At times, I made a round trip and it cost only 20% more than a single way trip. Shhhh....
(Sold my SMRT and SBS shares in 2011)