02-05-2013, 11:13 AM
(This post was last modified: 02-05-2013, 11:34 AM by CityFarmer.)
SMRT is in my watch list. What are there to watch for in a highly regulated business?
1) There are "UBAH" (changes) pending in the working model between SMRT/LTA. Will the changes bring in opportunity? Maybe...
2) If there is a transition from asset-base to service-base business model, will SMRT be revitalized to a highly profitable company again? maybe...
3) Will transport biz become non-core, and a minor contributor to profit? Maybe since rental op profit superseded rail op profit in FY13...
Too many maybes, so better remains in my watch-list, instead of portfolio list
1) There are "UBAH" (changes) pending in the working model between SMRT/LTA. Will the changes bring in opportunity? Maybe...
2) If there is a transition from asset-base to service-base business model, will SMRT be revitalized to a highly profitable company again? maybe...
3) Will transport biz become non-core, and a minor contributor to profit? Maybe since rental op profit superseded rail op profit in FY13...
Too many maybes, so better remains in my watch-list, instead of portfolio list

“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡