SMRT

[specuvestor]

As per my post below, as long as SMRT runs the rail, they will have the retail asset.

I doubt the govt will rock the boat too much. 14 years is short from the bigger scheme of things. But in the short term they have to solve the problem as opmi mentioned.

Now the issue is how to split the maintenance cost and get things right, and the fact that retail asset supposed to subsidise the rail business, so can't just talk about the maintenance cost purely from the rail business and try to get a valaution from there. IMHO that's where the disparity is coming from

Because the rail screwups are costing their bosses bosses votes. And they cannot admit that this 'market pricing to public goods model' is failing.

^^ the plot thickens in addition to what I posted in another thread:

They can give them bigger alternative incomes like advertisement and rental to cover some of the public transport operating cost.

Their focus continue to be that they are losing money on public transport. Shareholders who cheer that they will soon get rid of the money losing transport business should consider whether the advertising and rental business are actually part of the package.

SMRT license is till 2028, so are their leases.

http://www.valuebuddies.com/thread-5391-...l#pid88482