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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.
October 09, 2019
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.
December 29, 2017
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.
November 21, 2017
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.
February 13, 2017
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.
September 29, 2016