Singapore Stock Market News

SMRT - Yet to see light

StockFanatic
Publish date: Fri, 01 Nov 2013, 12:30 PM
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• 2Q14 results below expectations, net profit slumped by 56% y-o-y/ 12% q-o-q to S$14.4m

• Fare revenue segments continue to register EBIT losses, offset by non-fare segments

• 1H14 DPS of just 1 Sct (1H13: 1.5 Scts)

• Cut earnings by 25%-28% to factor in higher operating costs. Maintain Fully Valued, TP lowered to S$1.08
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