Tunnelling works for Bayfront MRT Station servicing Marina Bay Sands completed
By Lian Cheong/Dylan Loh, Channel NewsAsia | Posted: 24 November 2009 2137 hrs

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SINGAPORE: Tunnelling works for the Bayfront MRT station which is linked to integrated resort Marina Bay Sands have been completed. 

The 620-metre tunnel will connect the Integrated Resort with Promenade MRT Station, located along Temasek Avenue near Suntec City. 
It is the first completed tunnel in Downtown Line One. 

To speed up the excavation work, a 75-metre tall Tunnel Boring Machine (TBM) was used. 

The six stations of Downtown Line One are scheduled to open in 2013. 

Poh Chee Keng, senior project engineer, Downtown Line 1, said: “Factors that we consider are the duration that we have to complete the job and the length of the tunnel. For example if we use the TBM method we take about three months. But if we use the manual excavation we take about fourteen months." - CNA/vm 

Thanks for sharing.

Just a friendly reminder : do not rely too much on your broker.  Many of them are not worth their commissions - some are probably no better than the taxi driver nearest to you.

If I may share with you too :  Those people's strategy of getting the dividends and then hoping to sell at ex-dividend is both unreliable and needs plenty of luck.  In many cases, share prices fell by more than the amounts of dividend on ex-dividend dates.  Take Suntec REIT's dividend of 2.258 cents in the last quarter for example, the ex-dividend price was $1 compared to cum dividend prices which ranged between $1.03 to $1.09 – i.e. with the benefit of hindsight, it was much better to sell off Suntec during cd than xd.

Of course there will be exceptions, but what I am saying is, it is not a sound strategy and it is unwise of your broker to always assume that he or she is the only smart person in the stock market.

I guess your broker might have been confused : it is very unlikely that a stock’s cum dividend period is only 1 or 2 days.  Not for Suntec REIT and most other stocks I am aware.

Further, I doubt he or she has the luxury of 7 days to contra off his purchases.  Settlement date is T+3.

Strange that your broker chose to make such a comparison.  It is reasonable to compare results of current quarter with that of previous year; but comparing the timing of results released and highlighting to you the difference of a few days sounds a bit strange to me.

If it does, it would be interesting to see how the founders' entitled 103.5 million units (to be issued over 3 instalments) are going to be affected by the rights.

Release of 3Q results 'brought forward'?

As far as I know from SGX website, Co. made only 1 announcement (on 20 Oct) on date of release of 3Q on 27 Oct.  

Apprec if you can advise when was 'original' announcement date and where was the source of info?

Tks