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AK_Francis
Supreme |
25-Mar-2009 18:19
Yells: "Happy go lucky, cheers." |
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Poor old woman died in MRT's saga at Clementi, a place had clocked most brutal acc in MRT system, since optn, if AK not mistaken. Just talked about at kopitiam with d old folks. Seems like those enforced measures were not exec promptly. Perhaps, d ultimate plastic barrier installation at d boarding areas need to be expedited liao. Dun wait till 2010 liao. Ha ha, at time, AK, a snr citizen, also feels giddy while waiting for public transports. Henceforth, must keep away fr d yellow line at MRT boarding area, bus stop or even takxi stand, of my height liao, 1.75m, to be safe rather than regret loh.
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pjdpeter
Member |
25-Mar-2009 16:00
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Ha! Defensive shares also drop? Have been quite steady..not sure any bad news?? | ||
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knightbridge
Veteran |
22-Dec-2008 12:57
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Good piece of comparsion.. Singaporean should start to giv some pressure to Temasek i guess... My SMRT share got enough div yield ler, no need to increase so much more... I may start to acculate more share if the price hike do happen... Transport Minister is saying things like spokeperson for SBS and SMRT, i am wondering he is allow to buy SMRT or SBS shares or not... ( Any conflict of interest for his position) Can someone highlight... GREED IN PLAY... |
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Farmer
Master |
22-Dec-2008 12:44
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Why Taipei’s MRT trumps Singapore’s TAIPEI’S CITY Hall is so proud of its mass rapid transit (MRT)
system that it runs a competition every year, asking people to send in
poems about the MRT. I can see why. The MRT is clean and comfortable
(in addition to chewing gum, the nasty habit of betel chewing nut has
been banned). People queue up in a civilised fashion before boarding
trains. And, when the doors open, they don’t barge in before passengers
can exit.
Signs and announcements are in Chinese and English and all
carriages have electronic displays showing which station is coming up
next. Every carriage has special seats for old folks, pregnant women or
people with disabilities. I’ve never seen fit, young people pretending
to be asleep in these seats.
However, the best part about Taipei’s MRT is its frequency.
According to Taipei Rapid Transit Corp (TRTC), the company that runs
the system, trains arrive at two to four-minute intervals at peak
hours. Off-peak, it is four to seven minutes.
In reality, it is much more frequent. I know because I’ve timed
it. At peak hours, trains come as often as every minute. As for
off-peak hours? Well, I’ve never had to wait more than three or four
minutes. As a result, even during the morning rush hour, the trains are
never as packed as they are in Singapore.
TRTC has won praise not just locally but internationally. It has
been ranked No 1 for reliability for four straight years (2004 to
2007), according to the Nova/CoMET International Railway Benchmarking
Group (of which Singapore’s SMRT Corp is also part).
All this got me wondering just how TRTC is able to deliver such a
world-class MRT service. Perhaps, it doesn’t have to transport as many
people as in the crowded Lion City? Perhaps, it’s government-owned and
isn’t under pressure to make as much money as possible and can run more
trains?
So, I pulled up some numbers (see table). And the broad conclusion
is that Taipei proves it is possible to offer a high-quality,
high-frequency and affordable MRT service without losing money. It also
suggests that certain services, such as public transport, tend to
function optimally as natural monopolies and ought not to be owned by
companies that seek to maximise profits.
Let’s look first at the one common element between the two: the
cost of taking a train. Average ticket prices in Singapore and Taipei
are about $1. This is pretty low by international standards, as anyone
who has had the misfortune to take the London Underground knows.
Singapore and Taipei are also pretty dense cities, but the latter
packs more folks (5.5 million of them) into a smaller area (272 sq km).
In comparison, Singapore is home to 4.6 million residents spread over
some 692 sq km.
As such, in terms of coverage, Singapore’s network of five MRT lines is more extensive, totalling 109.4km, versus TRTC’s 74.4km network. However, TRTC has more stations on its smaller network, which means less distance between stations and greater convenience for commuters. MORE TRAIN RUNS IN TAIPEI
Just how many people take the MRT each day? In 2007, Singapore’s
MRT moved an average of 1.56 million people a day. That’s just over a
third more than what TRTC transported last year. So yes, TRTC’s network
is smaller and it moves fewer people, which is one reason it feels less
crowded.
However, what is illuminating is the difference in frequency. Last
year, TRTC made an average of 2,171 train runs a day. SMRT clocked in
at just over 1,000 a day for its fiscal year ended March 2008. This is
not strictly an apples with apples comparison. SMRT’s system is older,
has heavier loads and travels further than TRTC’s — factors which play
a role in how often trains can be run. The comparison also doesn’t
include data from SBS Transit, which runs the North- East Line. But, as
SMRT accounts for more than four fifths of total MRT ridership, it is
fairly representative of the whole picture.
Since February this year, SMRT has added about 900 extra train
trips each week. According to the company, on average, its train
frequency during peak hours is between two and five minutes. During
off-peak hours, it is now between 3.5 and seven minutes. Given the
existing signalling system and infrastructure, its average peak-hour
frequency puts it among the top 20% of the world’s major metro
operators, SMRT adds.
 Source: Land Transport Authority statistics in brief, SMRT, TRTC Annual Report 2007. SMRT MORE PROFITABLE
Still, it’s safe to assume that its bumped-up frequency continues
to lag TRTC’s. And this, to an extent, is reflected in SMRT’s
bottomline, which is much heftier than TRTC’s. In FY2008, SMRT’s rail
operations saw revenue of $436.9 million. Earnings before interest and
tax was $129.3 million. In comparison, TRTC saw approximately $415
million in fare revenue in 2007 and just $41.3 million in pre-tax
profit.
TRTC is 73.75% owned by the Taipei City Government. The Ministry
of Transportation and Communications owns a further 17.14% while the
Taipei County Government owns 8.75%. Clearly, public-listed SMRT’s
returns on its rail operations are far better for its shareholders than
TRTC’s. However, TRTC — which has been profitable every year except its
first two — is better for its commuters, who have been inspired to pen
a poem or two in praise of their well-regarded metro.
Sunita Sue Leng, previously an associate editor at The Edge Singapore, is now based in Taipei and writes on Greater China issues |
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knightbridge
Veteran |
22-Dec-2008 12:38
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Buy call for SMRT.. Look at today paper... Transport Minister defending price increase for bus and train operater (Read how hard he is giving excuses to benefit the bus and train operator which is Temasek own for support price hike).. Quite lame reasoning (sad man... if he is in my constitient i will definite vote against him when election is near) Transport sector profit not tied to oil price (He mention)??? Taking singaporean for being idiots... So many year of ROE 10% , for SBS... and SMRT not enough... Got money to spend 600mil on buses and buying shenzhen bus and transport co... for 80mil, saying the SBS and SMRT are facing difficult operating condition.. WHAT A LOAD OF CRAP REASONING... (if eg.. I tell my boss i just brought a new car which got fuel economy savings, therefore i need a pay increase to fund my new purchase..) Since when companies buy buses or train or made new investment must allow price hike...?? Dont see SIA increase air ticket price for buying new airplane... Reason is no competition for Bus and SMRT.. so can try to increase price to maximise profit.. ROE 10% is not enough for temasek now hee hee.. They will use the profit to do more investment, what better ways to increase fund by raise prices when consumers have no other choice than to buy car... Anyway i am vested in SMRT since many year back (long term), still a good piece of news for me but sad to see the ugly side of greed... |
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knightbridge
Veteran |
30-Oct-2008 00:01
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Anyone got any new information on this counter. 12million vol done price drop14 cents ?? What the rumor in the market?? |
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AK_Francis
Supreme |
14-Sep-2008 00:36
Yells: "Happy go lucky, cheers." |
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just wondering, fuel is going to adj lower, why there is need to increase transport fare. ref, SIA, it had decided to reduce fuel surcharge. how about taxi disel 30 cts surcharge??? milage surcharge??? AK has no strong objection to both, as the drivers also need to earn a hard living. but just pondering loh. in fact our home gas and electricity should clamp down as well. anyway, things must be dynamic lah. |
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wycklk
Member |
13-Sep-2008 10:21
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$2.1 coming ! | ||
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ShareJunky
Member |
13-Sep-2008 09:53
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On the subject of impending fare increases for bus and MRT, according to SMRT announcement yesterday on SGX, ".... SMRT’s fare revenue will see a marginal increase of only 0.6 % ..." Is this small increase in fare revenue justifiable to match the recent run-up in its share price? Seems out of proportion...... Any other views? |
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AK_Francis
Supreme |
13-Sep-2008 01:59
Yells: "Happy go lucky, cheers." |
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at current market sentiment, dun bother about TA, FA, PE etc. NA. Put warrants or CFD down thats all, if not just stay sideline and go for holiday loh, after mths of hardworks. |
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Henry$$$
Senior |
11-Sep-2008 16:35
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Short? God bless U | ||
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idesa168
Elite |
11-Sep-2008 15:12
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Shall I ask my shortist comrade to short it dow...hehehe!!!
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kanglc
Member |
11-Sep-2008 15:09
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PE 19 in tis kind of mkt? | ||
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ShareJunky
Member |
10-Sep-2008 21:22
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Sporeguy, thanks for your comments. But too "chiem" for me. Hmm.... got to go back to books again i suppose... |
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Sporeguy
Elite |
10-Sep-2008 20:37
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For SMRT, MA55 seems to be the support. One of the very few that is above MA55 most of the whole year. | ||
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ShareJunky
Member |
10-Sep-2008 19:50
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SMRT today touched price of $2.01 in late trading. Closed at $1.96 Wonder who / what causing this rush-up of price? Anyone heard anything? |
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tlwoong
Member |
07-Aug-2008 15:12
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At this price, still got potential to make $$? | ||
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ozone2002
Supreme |
07-Aug-2008 09:16
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techincal entry.. $1.8+.. every morning see the jam packed crowds in the train like can of sardines.. translates to $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ |
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idesa168
Elite |
30-Jun-2008 08:50
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Most ppl go defensive in this climate, hence naturally $$ were poured into SMRT which historically categorised as defensive. At current price, I believe there is not much meat left for SMRT. | ||
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SupremeA
Veteran |
29-Jun-2008 23:53
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of cos, ppl pushed away from cars towards pub transport | ||
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