SMRT   

Why No Interest

wow.....this analyst even have a higher Target price. 

 

SMRT upgraded to "buy"

Tuesday, October 30, 2007 2:59:17 AM ET
Deutsche Securities

LONDON, October 30 (newratings.com) - Analysts at Deutsche Bank Securities upgrade SMRT Corporation (ticker: MRT) from "hold" to "buy." The target price has been raised from S$1.85 to S$1.90.

In a research note published yesterday, the analysts mention that a solid economy is likely to continue to boost train ridership, lending upside to the company?s growth and profits. Revamped stations are expected to boost SMRT?s profits in FY08 and FY09, the analysts say.

 

Wait for the train to come back again to station 168 else stay at home watch K-movies. :)

 

Kilroy, champion! Master of SMRT...lol! When I saw SMRT inched up this morning, the first I thought of is my dear friend Kilroy must have killed that. I always know you are sharp with this jojo train.

Congratulation my friend. So what you going to punt tomorrow?

 

SMRT typically moves 2cts + / - in a typically day which is what I have observed. Thus during the opening when it was a rarity 3 cts up, time to lock it in.

In your case, if your target is 1.79, you can put in your order when it closes at 1.77 the day before and 'HOPE' that your order gets done 1.79 tomorrow. This is by no means 100% accurate method to sell so you may not get your order done this way as well.

 

KiLrOy, Great timing. How do you monitor the stock so well? Don't you have to work too? My problem  is don't have internet access during working hours. Can only set POEM to buy or sell in the morning going to work. If I set POEM at closing 1.76 with 6 bids higher tomorrow I can sell at 1.79 too.

 

This morning opened 3cts higher.  Took profit at 1.79SGD for the 1.68SGD lots recently purchased. :p

 

TA charts for this one look moderately bullish. Acc/Dist and Chaikin uptrending. Price has also cut above the upper bollinger band.

 

SMRT by CMIB: Underperform at 1.73 on 29th Oct 2007

http://www.remisiers.org/research//SMRT-291007.pdf

 

 

In view of increase cost in gantries and higher petrol cost more people will switch to public transport. With the recent increase in fare, SMRT's earning will continue to go up.

 

SMRT: Tight cost management boosts earnings HOLD: S$1.73; Price Target : S$ 1.78 (Prev S$ 1.67) 2Q08 results were above expectations as SMRT performed better than we expected in managing costs.Revenue grew by 5.2% yoy to S$197m for the quarter whilst EBIT grew by 19% yoy to S$48m, as operating costs were flat yoy. Net earnings grew by 25% yoy to S$39.5m for 2Q08. At half-time, SMRT?s net earnings are up by 32% yoy to S$77.5m on top line growth of 6.4% to S$391m. Revenue and profitability were led by core MRT operations, which saw revenue grew by 5.7%, driven by higher ridership and fares, with EBIT expanding by 15%. There were also growing contributions from the rental and advertising segments.Source: DBS Vickers Online

 

 

SMRT's H1 profit up 31% to S$77.5m. This counter will goes up soon. I don't get at 1.69.

 

well...depends on the volatility loh...if in play..how not to dont SHORT ???!! :P when u see $$ on the streets/roadside...u dont pick? yea if it is 5cts coin...if $5 i also pick! :PPPP

 

Results will be out today after market closes. Next week should see upside to this counter. Typically, there should be some divvy to be announced as well, I reckon. We'll wait and see. Nick, can dun short this one next week?

 

i guess..with the rumour of the re-designation of buses and MRT...i think..this burger sure will hv some impact wan lah..like mabbe pay SBS $$$ to take over NEL ? or vice-versa...interesting play..

hee

 

when is 2H result releasing? can someone post the results and the proposed divvy if any here? tks.

 

Dropped?

Its gone up from the 1.68SGD

Is your glass half full or half empty?  *wink*

 

Good analysis.  So, why the price has dropped to 1.72?

 

This is a good counter to keep for long term. Fundamentally strong, recession proof (or even better during recession coz drivers sell their cars to take train). Slow moving but always moving northward.Offers dividend too. Choose a stock that make money from yourself everyday. My 2 cents worth.. Good luck...

 

Hi folks,

Thank you so much for your replies. I've already bought some shares in it myself.

I'm just trying to understand people's interest in stocks.

For me, buying shares is participating in a company's growth. So I naively think that, in today's down-down-down atmosphere, I should be picking up company's with stable income and great infrastructure.

Hence SMRT.

That doesn't mean that I'm not taking risks. I foolishly purchased some shares in Creative too. But, I just thought that people should be buying up on SMRT. Seems like a reasonable company to invest in for long term growth.


Kelvin