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SBS Transit
Broker's Calls
RHB keeps ComfortDelGro at 'buy' and $1.70 target price following Jurong regional train line contract win
ComfortDelGro and JV partner, France's RATP Dev may go forth and win more international contracts together
December 02, 2024
Transport
SBS Transit and France's RATP Dev JV wins tender to operate Jurong Region Line for $750 million
The nine-year contract has a two-year extension option
November 28, 2024
Results
SBS Transit reports 3QFY2024 profit after tax of $18.2 mil, 1.7% higher y-o-y
SBS's 9MFY2024 profit after tax fell by 1.5% y-o-y to $51.9 million, as lower operating profit more than offset lower tax expenses.
November 08, 2024
Digital Economy
SBS Transit to enhance its asset management systems with generative AI
IBM's solution will help SBS Transit enhance its monitoring and maintenance capabilities to drive higher rail reliability and efficiency.
November 07, 2024
Digital Economy
SBS Transit to enhance the resilience of its railway communications with Motorola Solutions
The long-term service support agreement aims to assure the reliability of the TETRA systems for the Downtown Line and Sengkang-Punggol LRT Line.
October 16, 2024
Transport
How ComfortDelGro continues to drive innovation and return value
The group has made “very good progress” in all its key operating areas during the 1HFY2024, says group CEO Cheng Siak Kian.
August 29, 2024
Results
SBS Transit 1QFY2024 earnings up 7.5% y-o-y on higher fare revenue
With the easing of inflation and electricity costs, SBS Transit expects cost increases to moderate
May 13, 2024
Results
SBS Transit reports FY2023 earnings of $69.1 mil, 1.5% higher y-o-y
A final dividend of 5.58 cents has been recommended, bringing the total dividend per share for the FY2023 to 11.16 cents.
February 27, 2024
Transport
Ex-SPH top executive Patrick Daniel appointed to SBS Transit’s board
Daniel was the editor-in-chief of SPH media, deputy CEO of SPH, and most recently the interim CEO of SPH Media Trust until 2022.
December 29, 2023
Results
SBS Transit posts profit after tax of $17.9 mil, 4.7% y-o-y improvement
This improvement of $0.8 million mainly resulted from higher interest income, partially offset by lower operating profit.
November 10, 2023