Singapore Stock Market News

SMRT - Valuations reflect strong earnings

StockFanatic
Publish date: Thu, 31 Jul 2014, 09:45 AM
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• 1Q15 marginally ahead of expectations on non-fare revenue contributions, lower than expected utility costs

• Non-fare revenue posted strong growth to account for 104% of Group EBIT

• Results bottomed in FY14, but valuations have also run ahead

Maintain HOLD, TP: S$1.60
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