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MRT line takes long time to construct. There is a limit of many trains can use the rails at the same time. MRT will be used to solve long term problem.
Buses are more flexible, can be diverted to any other routes whenever there is a need. Buses are for solving transport problem in the short term.
Singapore govt is very conservative. When Mr Ong Teng Cheong suggested MRT, there were many ministers (ordinary citizens as well) against it. So in the end the conservative nature choose 6-carriage train rather than the 8-carriage train that HK used. They could have forseen the need for 8-carriage trains by building longer stations to cater for future needs at that time. Now if we are going to extend to 8-carriage, there is no way to do it without major disruption.
There is no way to make profit if the fare is kept artificially low. So things start to break down after 10 years. So the previous CEO had to depend on renting out shops and advertisment boards to make profit. If only someone was brave enough to tell the cabinets that it is high time to renew the lines a few years ago. So far i have not heard any public transport make any profit in this world. In HK, there were many PRC working in their MTR lines. This help them to keep the wage low but their fare is still higher than singapore. They are using the land sold along the MTR lines to support the rail. I think it would be good if our MRT lines are given more land pieces to build shops and rent out around the MRT station to help to collect revenue for the MRT, thus can keep the fare as low as possible and as long as possible. Foreigners should not be subsidised, so only locals with bus pass (students) or NRIC are charged subsidised fare. All foreigners should paid the actual fare. Citizens will then know they are paying very little compared to the foreigners.
bikerlover ( Date: 29-Mar-2013 10:41) Posted:
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this is a golden opportunity to buy at a lower price. If it can goes below $1.30 it will be good to accumulate.
Thanks to ex-CEO Saw Peck Hwa,the taiji grandmaster...lol
The new CEO Desmond Kuek is a military man though with engineering bakground but not in relevant field.The company is a like a big jigsaw,mix and match management.
Now is the pay back time on their 'saving' made on maintenance cost in the past. The women is gone and the current poor guy have to face the heat from investors.
bikerlover ( Date: 29-Mar-2013 10:30) Posted:
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should bring this value down....
should placed this as overvalued change status to " Sell"
where all the money go to is simple, for those who are sitting behind the desk with luxurious cars. i would say everyday at least 1/2 of the population of singapore is taking public transport with a min fee of $2 for 2 trips. EST " 3.5mil people so = $7 mil per day" and " $210 mil per month"
if the current managment cannot handle the case what should they do ?
stay on keep lossing money?
replace the people in there?
Increase the fare price again?< ------------- 100% choose this
So, are we going to see a fare hike soon?
Few suggestions to SMRT, think out of the box, why not have double desk er trains, or the management serve as drivers as well, multi tasking to save cost. Ha ha.
With the trains so crowded daily they still make a loss, just don't understand. I think we must have a population of maybe 10 millions and commuters crowded until
some need to sit on the trains roof top, like Indonesia to make money.
First thing MRT is more efficient than buses - introduce so many buses for what?? Every bus need to be driven by a bus driver = most cost!!
Every bus need a maintance schedule, place to park = more cost!!
Buses running along MRT lines = dilution of passengers onboard.
Suggestion to cut cost - Rental of buses(like taxis) to singaporean driver. Foreigners can only relief drivers for singaporean. This will minimise the cost and risk for the company(no need to pay staff salary and diesel). Rules/running time schedule still must follow company.
Lousy! Every day got so many people taking MRT and bus. Every day taxis uncle pay the rent. Every month collect rent from shops. Now still can post a loss for the 4th quarter???
Ridiculous!
Definitely something wrong with the business model. Why high staff cost and high maintance cost?? Poor management!
Now i think why they make the train run slowly? Because they want to make the money u spent on the ride worth it.
They want to stretch your dollar from Raffles Places to Pasir Ris.......LOL.
kelvinLim123 ( Date: 28-Mar-2013 19:49) Posted:
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And now they report losses. what u think the stock price will be?
sell them and come over to We hlding, the chances is great, or look out for Ntegrator .
Slow Moving Rolling Train, LOL
I got no enemity with SMRT invester here, but i think the govt shd pay more attn to train service, before they can talk on letting more foreign worker in.
I believe this sub way is the only one that make a profit , other in other countries are making a loss long time ago as i learnt fr one expat in the train, the other day. he is a British, he told me. he is lecturer at the poly.
And yet, it provide an" excellent world class service" I seldom take train, but it take me i hr and 10 min to go fr Yew Tee to Dhoby Ghaut. and with stop in the tunnel and some stoppages in the stn.That is not the case, year back.,and u hear the announcement of " sorry , the train will stop at this stn for a moment..so on and on."
I seldom take train, but imagine the frusstation of those who take train daily,
either we overhaul the old train or the whole stupid management.
Blanchard ( Date: 28-Mar-2013 19:26) Posted:
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PROFIT GUIDANCE FOR THE FOURTH QUARTER ENDING 31 MARCH 2013
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9C066ACE383AFEFA48257B3C003D5D38/$file/profit.pdf?openelement
caution... not vested...SMRT must go through " turbulences" first...
Buy a season ticket:)
cathylmg ( Date: 26-Feb-2013 15:22) Posted:
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I guess we are safe for now. Just park there.
kelvinLim123 ( Date: 26-Feb-2013 15:07) Posted:
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This is a denfensive stock i guess, look it is going up.
choo choo train leaving for Changi T3, going to take off in the runway.
i think this is where ppl take cover from mkt slaughter.
Hmmm..... I'm not vested unless if the share price drop so much that it can be considered cheap.
I guess it's still not a turning point for SMRT with the rising maintenance cost, the cost of building new lines, on & off got fined by LTA some more.
When the fare is increased, people will scream " where is the service quality with so many breakdowns?"
They got to do something about the service quality and cost reduction. They can start by kicking out the managers who don't have any value-add to the company. But I guess it's not easy.. and you know why..
this Italy election, since no clear winner, better than the sex offender got the majority, luckily he did not, if he did, i think today mkt will collapse big time.
because this guy is anti-german and anti-austerity. not mkt friendly.
edchai ( Date: 26-Feb-2013 10:16) Posted:
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