quoted from OCBC research:
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SMRT Corporation reported revenue of S$224.7m (+2.6% YoY, -2.1% QoQ) and net profit of S$39.2m (-4.8% YoY, -25.7% QoQ) for its 3QFY10, broadly in line with our quarterly estimates. For the upcoming quarter, SMRT expects revenue to grow YoY, driven by higher train ridership and fees for overseas projects. With 11 more CCL stations scheduled to open on 17 April, ridership from this stretch of 16 stations (including five existing CCL stations which have been in operation since last May) is also expected to jump to 200k commuters, up from just over 30k for the first five stops in last November. We continue to iterate that the CCL is likely to bring SMRT to another level of growth as the group captures higher train ridership from the progressive opening of the CCL stations.
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Potential increase in train ridership (CCL) as well as expertise fees for overseas project (only 1 I heard of?)
Originally posted by 105090:quoted from OCBC research:
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SMRT Corporation reported revenue of S$224.7m (+2.6% YoY, -2.1% QoQ) and net profit of S$39.2m (-4.8% YoY, -25.7% QoQ) for its 3QFY10, broadly in line with our quarterly estimates. For the upcoming quarter, SMRT expects revenue to grow YoY, driven by higher train ridership and fees for overseas projects. With 11 more CCL stations scheduled to open on 17 April, ridership from this stretch of 16 stations (including five existing CCL stations which have been in operation since last May) is also expected to jump to 200k commuters, up from just over 30k for the first five stops in last November. We continue to iterate that the CCL is likely to bring SMRT to another level of growth as the group captures higher train ridership from the progressive opening of the CCL stations.
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Potential increase in train ridership (CCL) as well as expertise fees for overseas project (only 1 I heard of?)