SMRT Trains

Broker's Calls

Public transport operators could rake in additional $132.5 mil in annual revenue as PTC grants full 7% fare hike

SINGAPORE (Oct 9): Public transport operators could see an annual revenue increase of $132.5 million, after the Public Transport Council (PTC) on Tuesday granted the full 7% increase in in fares.

Current, ex-SMRT employees charged in $10 mil cheating scheme

SINGAPORE (Dec 29): Current and former employees of SMRT were charged in court on Friday of duping the transit operator into awarding millions of dollars of contracts to companies in which they had a financial interest.  

Floods, a collision, now lightning? More Singapore rail woes

(Nov 21): Singapore’s beleaguered rail system can’t catch a break. Days after a software glitch caused a train collision that injured more than 30 people, lightning struck a train on the same line. Literally.

Broker's Calls

Can ComfortDelGro grab the bull by its horns?

SINGAPORE (Feb 13): The road ahead is paved with challenges for land transport operator ComfortDelGro.

Close to 99% of SMRT shareholders vote ‘yes’ to sale of assets to govt

SINGAPORE (Sept 29): An overwhelming 98.84% of SMRT Corp shareholders on Thursday voted in support of the sale of SMRT Trains’ existing operating assets as part of a new rail financing framework (NRFF) deal.
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