Singapore Stock Market News
SMRT - A disappointing start
StockFanatic
Publish date: Fri, 31 Jul 2015, 07:59 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
■ Disappointment arose from higher staff and R&M costs which more than offset benefits from fare increase and lower energy costs
■ Recent train breakdown throws more uncertainty to earnings visibility; cut forecasts by 20%/18% on revised cost assumptions
■ Upside risk to our recommendation is the transition to rail framework but timing hard to pin down
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