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SMRT
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hp3000
Senior |
21-Jul-2009 22:34
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Do no sell on XD date else you will no get the dividen. As this is no the book closure date ( time to calculate the share dividen brought by share holder and closing the account).  If a company announces book closure as 1 January, shareholders who as on that day own the stock will be entitled to the dividend/bonus/split benefit. e.g. If Mr. Y buys this stock from Mr. X on 2 January, the benefit of bonus issue or splits or dividend will still be transferred to Mr. X by the company. |
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hp3000
Senior |
21-Jul-2009 22:24
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http://www.smrt.com.sg/Upload/200942416481550309.pdf Total dividen 7.75 cents per share. See above link |
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NEWBAB
Member |
21-Jul-2009 22:09
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Can anyone advise current price 1.78 or 1.76 still can buy just for dividend purposes which is going to ex next mon? I thought I saw the dividend rate is 6 cts per share? |
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dealer0168
Elite |
21-Jul-2009 21:43
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Sell only after u see XD.
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daniel_ng
Member |
21-Jul-2009 21:38
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hi, i am new here. anyone can advise when is the date i can sell my share at the same time still earn the dividend. tks |
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dealer0168
Elite |
21-Jul-2009 21:33
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Must go in early, if not not worth it. Go in too late, might as well buy ...... emm maybe minimum 2 lots of CCT/ SuntecReit/ FSL Trust/ etc......, u still get about the same amount n at cheaper entry price. (My opinion) |
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hp3000
Senior |
21-Jul-2009 21:28
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Don't miss the boat total Dividend 7.75 cents per share. XD 27 jul 2009 
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niuyear
Supreme |
21-Jul-2009 14:49
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Right now, i am only having this stock at hand. But, my confidence diminished when i saw one analyst report that this stock rating 'Neutral' @ price 1.78? (around there). Most of the analysts' reports are bullish and some even have TP of $2.00. So, SMRT experts, any comments? thanks. |
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hp3000
Senior |
20-Jul-2009 18:50
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Still worth paying for. SMRT Corporation (SMRT) has, over the last 18 months, been trading at about 23.5% over and above the sector average, based on the PE metric. Even on a P/B basis, the stock is not cheap, trading at 3.6x P/B (though this is largely due to its low fixed asset base). However, the stock is still worth paying for, given its strong margins that outshine that of sector peers, outstanding return on assets (ROA), sustainable dividend payouts based on solid earnings, and its ability to leverage on the Singapore growth narrative. Growth potential not yet exhausted. We view SMRT as a play on Singapore’s growth trajectory, and the rail system as the biggest beneficiary of the government’s push to nudge commuters and peak hour traffic towards public transport. The rail system is, by far, the best alternative transport method to avoid congestion on roads. Stronger operating performance than peers’. We compare SMRT and sector comparables and find that the company commands the highest margins and ROAs among listed land transport operators. SMRT also has the added silver spoon advantage of lower capex due to strong government support. Maintain BUY; target price raised to S$2.00. We have lowered our profit forecasts (by between -5.1% and -6.3%) and changed our valuation methodology from PE to discounted cash flow. We value SMRT using the firm’s discounted free cash flow to equity at S$2.00/share (6.9% COE, 1% terminal growth). Our revised target price (up from S$1.86) gives a return of 17% over the last closing price of S$1.71. |
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hp3000
Senior |
18-Jul-2009 00:42
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SMRT’s S$68m purchase of Shenzhen Zona Transport gives the company a foothold in mainland China that should provide significant upside in the long term. However, although the deal is marginally positive, it won’t have any significant impact on medium-term earnings. Meanwhile, passenger numbers continue to grow on SMRT’s domestic rail business, as people choose cheaper travel, resulting in a highly defensible 5% yield. We maintain our Outperform call to a S$2.10 target. Foothold on the mainland. SMRT (MRT SP - S$1.76 - O-PF) has entered in to asale-and-purchase agreement for the acquisition of a 49% stake in Shenzhen Zona Transport Group for S$68m. The deal should close by September 2009. Zona is currently engaged in taxi and public-bus services, as well as repair and maintenance, car leasing and tour coaches in Shenzhen and Huizhou. We see longer-term potential here through SMRT’s partner in this transaction, National Express Transportation Group, which is a state-linked company with a national franchise. This should provide SMRT with a platform for wider geographic growth in mainland China. Marginal positive. The purchase price represents 1.7x FY08 PB of Shenzhen Zona and will be funded by all cash. SMRT has S$245m cash on its balance sheet. On completion, management says, the company will be earnings accretive from day one, which is an incremental positive. However. We expect earnings contribution to be less than 5% of the total for FY3/10. |
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temp123
Senior |
08-Jul-2009 16:38
Yells: "." |
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More like fast and furious. | ||||
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knightbridge
Veteran |
08-Jul-2009 09:40
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Institution starting to push.. =D.. slow and steady....
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niuyear
Supreme |
22-Jun-2009 14:13
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Is it now time to buy this SMRT? Tks . 1st time looking at this counter and it is defensive enough to make profit. But, it is always stay at this price and when it is going to move to TP? |
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Kensonic77
Veteran |
11-Jun-2009 22:55
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SMRT Corporation June 9 close: $1.66 OCBC INVESTMENT RESEARCH, June 9 CIRCLE Line to boost ridership growth: After months of gruelling trial runs and safety checks, the Circle Line Stage 3 (CCL3) was finally opened for passenger service last month. SMRT Corporation, the operator of CCL, is excited about the growth opportunities the new rail line will provide. According to management, this orbital line, which essentially links up the existing radial lines, is likely to offer better connectivity, higher ridership for the group, and reduced travel time and fares for commuters. We are equally optimistic, as passengers are likely to see greater incentives to take rail transport, and may switch from bus to train for reliability and frequency reasons. We understand from the Land Transport Authority (LTA) that it is expecting 55,000 people to use the five CCL3 stations each day. As more stations along the CCL are progressively opened in 2010, we expect significantly better ridership, and in turn better revenue for SMRT coming from enhanced accessibility and bus-rail integration initiatives by LTA. Leveraging track record for local and overseas opportunities: Apart from the higher ridership growth that SMRT is expected to enjoy, the group also said that successful operation of the CCL would further build on its widely-proven track record and better position itself for opportunities both locally (eg, bid for Downtown Line) and overseas. In fact, during our visit to SMRT's Kim Chuan (CCL) Depot a month ago, management revealed that the depot has been strategically built to be able to house 70+10 trains - enough capacity for trains meant for the Downtown Line. Should the group win the bid to operate the new network, it has already in place plans for achieving synergies with its main lines. This, in our view, is a clear testimony of SMRT's far-sighted goals and dedicated management team. Reiterate 'buy': We see SMRT as a stock offering good growth potential but it has to a certain extent been neglected as investors switch from defensive to higher-beta plays. Despite our seemingly over-optimistic view on the group, we note that our FY 2010-2012F earnings are not aggressive (still 1-4 per cent below consensus). With consistently generous dividend payouts of at least 60 per cent, backed by strong operating cash flows, we keep our 'buy' rating and $1.81 dividend discount model-derived fair value on SMRT. Key risks to our valuation include lower-than-expected average fares resulting from fare-reduction package and potential adverse effects from H1N1 influenza outbreak. BUY |
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alexmay
Veteran |
11-Jun-2009 22:30
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Sudden move up from nowhere. Is there a re-rating? Or is this share playing catch-up? Slow and steady is the game, not for the traders or punters. Still waiting to get pushed into the train. hahaha. Still Vested. | ||||
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knightbridge
Veteran |
11-Jun-2009 19:01
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slow and steady 25 cent capital gain.. when buy around april 17% capital gain.. Better than fixed deposit.. low risk...
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niuyear
Supreme |
06-May-2009 08:59
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LOL! Got pushed into the train! I will start trishaw business - save energy. Talk about mrt, it irks me when i hear those noises produced by ladies 'sharp' heeled where the base is worn off ........clock, cluck.,....,..... Do they know there is such thing called 'mr mininut' or cobbler. haha
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alexmay
Veteran |
06-May-2009 00:02
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Very soon we don't walk into the MRT, we will get push into it, just like in HKG. when population becomes 6.5 million. Vested. | ||||
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ppdghius
Member |
05-May-2009 23:05
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Director buying 200 lots. | ||||
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Hulumas
Supreme |
27-Apr-2009 10:28
Yells: "INVEST but not TRADE please!" |
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Taking profit, while SWINE FLU threatening perhaps.
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