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SMRT
Broker's Calls
ComfortDelGro's Stockholm metro contract win opens up further such deals, says DBS
DBS estimates earnings contribution from this new venture to be between $1.2 million to $6.6 million from FY2025 onwards
January 24, 2024
Deals, joint ventures & alliances
The Place Holdings to invest $200 mil towards omnichannel ecosystem in partnership with SMRT's business arm
The Place Holdings will invest approximately $200 million in the L.I.F.E omni-channel ecosystem.
June 29, 2022
Corporate moves
Former SMRT CEO Desmond Kuek to join UBS as divisional vice chairman
SINGAPORE (Feb 4): UBS Group has appointed Desmond Kuek, SMRT Corporation’s former president and group CEO, as its divisional vice chairman for global wealth management.
February 04, 2019
JB-SG Rapid Transit System to carry 10,000 passengers per hr per direction; need to clear customs only once
SINGAPORE (Jan 16): Johor Bahru-Singapore (JB-SG) Rapid Transit System Link (RTS Link) will have the capacity to carry up to 10,000 passengers per hour per direction.
January 16, 2018
SMRT fires eight employees over flooding incident
SINGAPORE (Nov 29): SMRT Corp., which operates Singapore’s two oldest rail lines, said it fired eight employees and disciplined three others for their roles which led to a flooding incident last month.
November 29, 2017
Singapore suspends part of rail line after 'awful day' of crash
SINGAPORE (Nov 16): Singapore suspended part of a rail line to conduct checks after a train collision Wednesday left more than two dozen people injured and prompted an apology from the Transport Minister.
November 16, 2017
SMRT says quarterly maintenance works for pumps not carried out as scheduled
SINGAPORE (Nov 1): Quarterly maintenance works at its Bishan Water Discharge System were not conducted even though the maintenance records were signed off and submitted, according to SMRT’s preliminary report.
November 01, 2017
ComfortDelGro hits the speed bumps
SINGAPORE (Sept 18): OCBC is downgrading ComfortDelGro to “hold” after its subsidiary lost the Thomson-East Coast Line contract and Grab turns aggressive in wooing its taxi drivers.
September 18, 2017
Temasek portfolio companies establish partnership for joint participation in KL-Singapore High Speed Rail
SINGAPORE (July 3): International Enterprise (IE) Singapore, the government agency that promotes international trade and partners Singapore companies to go global, has brought together portfolio companies of state-owned fund Temasek Holdings to jointly pa
July 03, 2017
Daiwa's strategy for 2017
Is five a crowd for Singapore’s public bus operators?
SINGAPORE (Jan 25): Singapore’s bus infrastructure landscape has been transforming rapidly over the past year, and there can be only one Singapore-listed stock that could possibly gain from it all.
January 25, 2017