"A tpt merger will lift SMRT to greater height" - ST Money
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The commentary said that practically SMRT is facing stagnet growth if not for the retail space, advertisment, lower corp tax and so on. Practically only 10% of the $32m profit growth came from other reasons such as higher ridership
Neither the future looks good as new MRT lines takes time to complete and operate
In fact, SMRT earned $160m alone from MRT biz back in 1996. Now is $132m even with Buses and Taxis
Any accquisation offer by ComfortDelgro it noted, would be the better way out for SMRT as it also gives them a chance to expand overseas.
- ST Money Page H25 04/05/2007 -
Faster faster faster. Like tat next time I go JB take 170/160 FOC liao. No need to wait nong nong for 950
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I think have to wait for the merger to materialise...
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i wan to take mrt to jb!
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The amount of money SMRT can earn is pretty much fixed and can be easily predictable. Transport is a service that everyone needs. It would be amazing if they can even lose money when they are the ones running the lines in Singapore.
When they should do to increase profits is to diversify into other non-transport related business. -
They've not been doing it though their rival has been doing so for many years alrdyOriginally posted by Parka: The amount of money SMRT can earn is pretty much fixed and can be easily predictable. Transport is a service that everyone needs. It would be amazing if they can even lose money when they are the ones running the lines in Singapore.
When they should do to increase profits is to diversify into other non-transport related business. -
This, to me, is purely a case of being complacent.
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Needless to say overseas expansion as wellOriginally posted by Parka: This, to me, is purely a case of being complacent. -
i think this is a good lesson for those who support having many bus operators instead of one big operator in Singapore.Originally posted by sbst275:The commentary said that practically SMRT is facing stagnet growth if not for the retail space, advertisment, lower corp tax and so on. Practically only 10% of the $32m profit growth came from other reasons such as higher ridership
Neither the future looks good as new MRT lines takes time to complete and operate
In fact, SMRT earned $160m alone from MRT biz back in 1996. Now is $132m even with Buses and Taxis
Any accquisation offer by ComfortDelgro it noted, would be the better way out for SMRT as it also gives them a chance to expand overseas.
- ST Money Page H25 04/05/2007
By having many bus operators, each of them will get a much smaller slice of the "cake" and who is going to operate the non-profitable routes? will their smaller profits able to cover for unprofitable routes? and smaller bus operators got no bargaining power when come to purchase new buses, spares, maintenance, etc. and they cant even afford to assemble their own buses like ComfortDelgro as its not economical. and can smaller operators afford to buy better buses with zero-step, WAB, maintain their buses properly, equip with EZ-Link system, set up proper dept to handle commuter queries and complaints, train their new drivers professionally before being put on the roads, etc etc?
and the overhead costs per bus operator remains high, can they all afford to keep bus fares to a minimal? We commuters may end up paying more but with lousier service instead! -
One train operator and two bus operators. The system worked fine. They meddled with it, it screwed up, and now they want to put it back to the way it was before.
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It makes the people up there look like they are doing some work.Originally posted by The_Bus_Guide:One train operator and two bus operators. The system worked fine. They meddled with it, it screwed up, and now they want to put it back to the way it was before.
Even if it's nonsense they are creating.
But hey, they are the ones earning the big bucks.
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SMRT should drop the buses and SBST drop its NEL. the way it should have been...