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mike8057d Veteran	21-Nov-2007 10:03        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	If you notice, SMRT are converting a lot of un-used space at their station to be retail shop space for rental.  So, the rental income will goes up and up.
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Farmer Master	20-Nov-2007 17:03        Farmer About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	PHILLIP SECURITIES RESEARCH SMRT Corporation Ltd 20 November 2007 2Q Results. SMRT reported 2Q revenue of S$197.3m (+5.2% yoy) and net profit of S$39.5m (+25.3% yoy). The growth in revenue was due to higher ridership, improved taxi average hired-out fleet and strong contributions from rental and advertising. In view of the excellent performance, SMRT announced an interim ordinary dividend of S$26.5m or 1.75 cents per share. Performances by various businesses. SMRT registered growth in fare revenues from MRT (+5.7% yoy) and LRT (+4.4% yoy) operations while the buses operation posted minor growth in revenue (+0.7% yoy). The increase in average daily ridership resulted in the growth in revenues from the operations. Moreover, for non-fare operations, there was double digit revenue growth from taxis (+12.3% yoy), rental (+12.8% yoy) and advertising (+24.6% yoy). The strong performances from taxis was due to the higher average hired-out rate at 90.2 percent in 2Q. Meanwhile, the increase in rental space and better yield caused the growth in rental. Furthermore, the increase in advertising on trains and stations resulted in better advertising sales. However, revenue from engineering and other services declined (-11.7% yoy) due to the deconsolidation of Transit Link. FY 08 Outlook. Management remains optimistic about its business in 2008. It expects growth in revenues from trains and bus operations as well as taxis, rental and advertising. Nevertheless, other operating income is likely to be lower in FY 08 as there were contributions from expired farecards in FY 07. Maintain HOLD recommendation, target price raised from S$1.32 to S$1.70. SMRT has posted financial results within our expectations. Moreover, it continues to register increases in revenues and profits. This is a defensive stock for investors who would like to hold for payment of dividends. Based on our discounted cash flow model, the fair value is raised to S$1.80 to reflect the progressive growth in cash flow from operations.
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KiLrOy Master	14-Nov-2007 22:34        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	Today's tech play isnt ideal. CCI though indicates oversold and reversed, ADX indicated strengthening of trend (downtrend) based on the couple of bear sessions.  I think I may be in for a ride.  :( Based on my risk/reward of 3% ratio 1:1.5, my cut loss/exit price is established at 1.62SGD.
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Farmer Master	14-Nov-2007 22:26        Farmer About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Somehow, I would agree with your 2nd paragraph. I read that their rental income has improved significantly and from HK MTR's experience, that should be the way to go for SMRT. Dividends yield may not be attractive at current level, but it's improving. Since you vested at lower price, yield will still be good. I'm waiting to collect more at appropriate level.
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KiLrOy Master	14-Nov-2007 22:04        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	Hi Farmer! Yes I am still 80% vested since Sep 2005 @ 1.07SGD.  I reduced 20% holdings when the SMRT decided to vest in taxi and bus which I thought was hard to complete with the other operators and also when SBS took ownership of the NE line (no more monopoly). So now the 20% vested today at 1.68SGD is purely for tech play. I dont think it will merge but rather selling and buying of those 'divisions' in which I mentioned.  After all its a rumor.  I did ask the SMRT IR but the usual hawkish answer came back.  Singapore is only a small island with so much train stops and other public transportations they can put in so I really dont expect its fundamentals to growth by leaps and bounds.  Its kinda matured already. Ridership will definately increase with more influx of foreign workers and tourists for the next decade.  If fares do not increase and operational cost does, the only revenue may be the increase in ridership. I will be a little concern. I have been evaluating the 'what if' scenarios of both companies and based on those what if, an action plan is in placed. Comfort Delgro, expanded overseas into China, UK and Indonesia.  I dont think SMRT can do that with its services. Nonetheless, CONSISTENT dividend yield is what I am looking at for our dear SMRT.
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Farmer Master	14-Nov-2007 21:41        Farmer About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Good evening!  KiLrOy Are u vested still on this one? These rumours I've heard many times already, I think it's time for it to materialize.....hopefully in good form so as to support the current falling prices for both company. How about loading in more at 100days low.
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KiLrOy Master	14-Nov-2007 21:16        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	Here's the 'RUMORS' at ground level (kopi and taxi drivers talks). SMRT Taxi will be .... (I dont even know how to phase it) to Comfort Delgro. Whereas the SBS MRTransit line will be .... to SMRT.
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Farmer Master	14-Nov-2007 20:49        Farmer About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Now is coming towards the year end, I guess it has got something to do with the M/A issue with ComfortDelgro which maybe announce soon. Maybe the outcome is negative for both company or the price paid is lower that the currrent market price. Any other reasons anyone?
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leechongpeng Senior	14-Nov-2007 20:14        leechongpeng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why SMRT been dropping? What is the best price to buy in?
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Farmer Master	14-Nov-2007 16:48        Farmer About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	This one now at 3 mths low...interested to collect anyone?
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KiLrOy Master	07-Nov-2007 23:38        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	Did anyone punt/gamble/contra on SMRT stock price decline to 1.73 (4cts down intraday) during lunch?
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singaporegal Supreme	25-Oct-2007 21:38        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Bollinger bands are tight indicating a possible large increase in price. Also, Acc/Dist and Chaikin looking good.
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KiLrOy Master	19-Oct-2007 14:30        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	1.52 SGD will be sweet to the ears of value investors *peet!*. Inflation or deflation, the train MUST still move.  Remember that.
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9laicce Member	19-Oct-2007 12:56        9laicce About Contact  Quote this Post!
x 0   x 0  Alert Admin	0351 GMT [Dow Jones] STOCK CALL: SMRT (S53.SG) may report 11% on-year rise in fiscal 2Q08 net profit to S$35 million on 3% rise in revenue, says Citigroup. Adds lower staff costs, taxes will help sustain profit growth in 2Q08. But notes 2H08 earnings may be weak given higher energy costs, absence of fare increases for rail business. 2Q08 results due Oct. 26. Keeps Sell call, S$1.52 target price. Stock off 0.6% at S$1.71. (FKH)   $1.52? Is this one really so bad?
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AT01167 Senior	28-Sep-2007 12:13        AT01167 About Contact  Quote this Post!
x 0   x 0  Alert Admin	so how it is going to impact this counter ? btw is the any update on the merger between SMRT & ComfortDelgro ?
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Fairygal Veteran	24-Sep-2007 08:26        Fairygal About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	oophs....I mean a few stations from the Circle Line......sorry.....
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Fairygal Veteran	24-Sep-2007 08:21        Fairygal About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	A few stations will be handed over to SMRT by LTA at the end of the year, tho it will only be operational next year. Any great impact for SMRT?
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singaporegal Supreme	23-Sep-2007 21:36        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Acc/Dist and Chaikin look bearish.
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leechongpeng Senior	22-Sep-2007 15:44        leechongpeng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even when market down in Aug, the lowest SMRT goes is 1.59. I am waiting for it to drop to 1.69. Just hope they don't get the fare increase approval or else the price may goes up.
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idesa168 Elite	17-Sep-2007 22:04        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1.50 at this moment not possible...realised the strong support once hit 1.72. Wait lor!
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