islandFanR
Senior Member
- Joined
- Nov 25, 2006
- Messages
- 760
- Reaction score
- 0
Look like can hit $3.5 when dtl3 is up and running... buy some first...
SBS Transit *Official* (SGX:S61)
- Thread starter MisterLim001
- Start date
Jupiter2017
Senior Member
- Joined
- Sep 2, 2017
- Messages
- 1,476
- Reaction score
- 0
http://www.businesstimes.com.sg/companies-markets/sbs-transits-q3-profit-up-42
Thu, Nov 09, 2017 - 5:39 PM
SBS Transit's Q3 profit up 42%
TRANSPORT operator SBS Transit's third-quarter profit was driven up about 42 per cent year on year to S$11.11 million, in line with higher revenue.
Revenue edged up around 7 per cent to S$295 million on higher contributions from its public transport services segment. Earnings per share for the quarter was 3.57 Singapore cents, up from 2.52 Singapore cents a year ago.
Meanwhile, group operating costs increased 6.2 per cent to S$280.98 million on the back of higher staff costs, increased repairs and maintenance costs and higher depreciation expenses.
Commenting on group outlook, SBS Transit said: "Revenue from public transport services is expected to be higher. Bus service revenue is expected to be higher with a full-year contribution of revenue under the bus contracting model. Rail service revenue is expected to be higher with higher ridership from the opening of Downtown Line 3 on Oct 21."
It added that rail fare revenue will be affected by the fare adjustment that kicks in end December. In addition, operating costs will grow due to higher staff costs, repairs and maintenance costs and premises costs.
Thu, Nov 09, 2017 - 5:39 PM
SBS Transit's Q3 profit up 42%
TRANSPORT operator SBS Transit's third-quarter profit was driven up about 42 per cent year on year to S$11.11 million, in line with higher revenue.
Revenue edged up around 7 per cent to S$295 million on higher contributions from its public transport services segment. Earnings per share for the quarter was 3.57 Singapore cents, up from 2.52 Singapore cents a year ago.
Meanwhile, group operating costs increased 6.2 per cent to S$280.98 million on the back of higher staff costs, increased repairs and maintenance costs and higher depreciation expenses.
Commenting on group outlook, SBS Transit said: "Revenue from public transport services is expected to be higher. Bus service revenue is expected to be higher with a full-year contribution of revenue under the bus contracting model. Rail service revenue is expected to be higher with higher ridership from the opening of Downtown Line 3 on Oct 21."
It added that rail fare revenue will be affected by the fare adjustment that kicks in end December. In addition, operating costs will grow due to higher staff costs, repairs and maintenance costs and premises costs.
Jupiter2017
Senior Member
- Joined
- Sep 2, 2017
- Messages
- 1,476
- Reaction score
- 0
www.businesstimes.com.sg/companies-markets/sbs-transit-profit-grows-50-to-47m
SBS Transit profit grows 50% to $47m
Mon, Feb 12, 2018 - 6:02 PM
[SINGAPORE] Bus and train operator SBS Transit posted a 50.3 per cent rise in net earnings to $47.1 million for the year ended Dec 31, 2017.
The substantial increase, which came on the back of a mere 8.5 per cent growth in revenue to $1.2billion, was thanks to the government bus contracting model, higher ridership and commencement of Downtown Line 3.
Total operating cost rose by 7.1 per cent to $1.1 billion.
Earnings per share stood at 15.17 cents, up from 10.12. Net asset value per share was $1.44, up from $1.35. Its operating margin before tax, interest and depreciation improved from 11.2 to 13.1 per cent.
The ComfortDelGro subsidiary had cash and equivalents of $5.3 million, up from $4.3 million the year before. Its gross gearing ratio was 40.3 per cent as at Dec 31, 2017 - down from 51.7 per cent a year earlier.
SBS Transit said average daily ridership for its North-east Line grew by 2 per cent to 576,000 trips. Its Sengkang-Punggol LRT ridership rose by 5.9 per cent to 121,000.
Revenue from other commercial services of $56 million for 2017 was lower by 12.4 per cent because of lower advertising and rental revenue arising from the loss of the Bulim and Loyang Bus Packages.
Directors expect transport revenue to continue growing this year and are recommending a final dividend of 3.95 cents - up from 2.7 cents previously.
THE STRAITS TIMES
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=S61.SI
SBS Transit profit grows 50% to $47m
Mon, Feb 12, 2018 - 6:02 PM
[SINGAPORE] Bus and train operator SBS Transit posted a 50.3 per cent rise in net earnings to $47.1 million for the year ended Dec 31, 2017.
The substantial increase, which came on the back of a mere 8.5 per cent growth in revenue to $1.2billion, was thanks to the government bus contracting model, higher ridership and commencement of Downtown Line 3.
Total operating cost rose by 7.1 per cent to $1.1 billion.
Earnings per share stood at 15.17 cents, up from 10.12. Net asset value per share was $1.44, up from $1.35. Its operating margin before tax, interest and depreciation improved from 11.2 to 13.1 per cent.
The ComfortDelGro subsidiary had cash and equivalents of $5.3 million, up from $4.3 million the year before. Its gross gearing ratio was 40.3 per cent as at Dec 31, 2017 - down from 51.7 per cent a year earlier.
SBS Transit said average daily ridership for its North-east Line grew by 2 per cent to 576,000 trips. Its Sengkang-Punggol LRT ridership rose by 5.9 per cent to 121,000.
Revenue from other commercial services of $56 million for 2017 was lower by 12.4 per cent because of lower advertising and rental revenue arising from the loss of the Bulim and Loyang Bus Packages.
Directors expect transport revenue to continue growing this year and are recommending a final dividend of 3.95 cents - up from 2.7 cents previously.
THE STRAITS TIMES
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=S61.SI
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 360,649
- Reaction score
- 111,838
SBS Transit wins 5-year LTA contract for Bukit Merah Bus Package with $472 mil fee bid
SBS Transit wins 5-year LTA contract for Bukit Merah Bus Package with $472 mil fee bid
https://www.theedgesingapore.com/sb...act-bukit-merah-bus-package-total-472-mil-fee
SINGAPORE (Feb 23): SBS Transit has won the five-year contract awarded by the Land Transport Authority (LTA) for the Bukit Merah Bus Package for an estimated total fee of $472 million over the contract period.
This is the fourth set of public bus services that has been put up for tender under the Bus Contracting Model (BCM), and the second bus tender award for SBS Transit under the new model.
The new contract, which can be extended by another two years, will start from the fourth quarter of 2018.
The package comprises 18 bus services, including two cross-border services to Johor Bahru.
The services will originate from two bus interchanges, Bukit Merah and HarbourFront; and four bus terminals – Kampong Bahru, Marina Centre, Queen Street and Shenton Way. They will be supported by the new Ulu Pandan Bus Depot.
Currently, SBS Transit operates all the 18 existing bus services under the package.
“We are very encouraged by the strong vote of confidence that the LTA has given us. We intend to invest even more in both hardware and software to deliver quality service to our commuters,” says SBS Transit Chief Executive Officer, Gan Juay Kiat.
SBS Transit’s bid price of $472 million for the Bukit Merah Bus Package came in at the middle of the pack in a tender which included bids from five other operators.
UK-based The Go-Ahead Group put in the highest bid with a fee of $519 million, while a consortium comprising China’s Jiaoyun Group and Singapore’s Travel GSH had the lowest bid price at $419 million.
In a news release on Friday, LTA says SBS Transit was awarded the contract as its proposal “demonstrated a comprehensive understanding of the operational considerations, and strong competence in bus service scheduling that would enable the optimal deployment of buses and resources.”
“SBST also demonstrated innovative IT solutions for infrastructure and asset maintenance, as well as security management, with the development of several in-house mobile applications for staff to report defects and incidents,” LTA adds. “In terms of manpower development, SBST presented a career development programme to up-skill its staff, with more opportunities for career progression.”
SBS Transit will set up a new Technical Assessment and Certification Centre at the Ulu Pandan Depot for the Singapore Bus Academy (SGBA).
According to the group, this will enhance the professionalism of engineering and technical staff in the bus industry, and complement the SGBA’s efforts to raise the profile of the industry.
It will also introduce a telematics system, known as SAGE, on some 330 buses under the Bukit Merah Bus Package to monitor the smoothness and comfort of its bus rides.
The system records and monitors the SBS Transit’s bus drivers’ driving behaviour, including whether the driver has been travelling too fast or accelerating too harshly. Feedback is then given in real time to the driver through audio and visual alerts.
The buses will also be equipped with an Advanced Driver Assistance System, Mobileye, to act as an added safeguard.
The system will alert the drivers of any impending collision with vehicles or pedestrians in front of them, enabling them to take defensive action immediately.
SBS Transit says it will also work towards achieving a Green Mark certification for the new Ulu Pandan Depot, which will include initiatives such as the use of solar panels to generate electricity as well as the use of NeWater for non-potable purposes such as bus washing.
Shares of SBS Transit closed flat at $2.63 on Friday.
SBS Transit wins 5-year LTA contract for Bukit Merah Bus Package with $472 mil fee bid
https://www.theedgesingapore.com/sb...act-bukit-merah-bus-package-total-472-mil-fee
SINGAPORE (Feb 23): SBS Transit has won the five-year contract awarded by the Land Transport Authority (LTA) for the Bukit Merah Bus Package for an estimated total fee of $472 million over the contract period.
This is the fourth set of public bus services that has been put up for tender under the Bus Contracting Model (BCM), and the second bus tender award for SBS Transit under the new model.
The new contract, which can be extended by another two years, will start from the fourth quarter of 2018.
The package comprises 18 bus services, including two cross-border services to Johor Bahru.
The services will originate from two bus interchanges, Bukit Merah and HarbourFront; and four bus terminals – Kampong Bahru, Marina Centre, Queen Street and Shenton Way. They will be supported by the new Ulu Pandan Bus Depot.
Currently, SBS Transit operates all the 18 existing bus services under the package.
“We are very encouraged by the strong vote of confidence that the LTA has given us. We intend to invest even more in both hardware and software to deliver quality service to our commuters,” says SBS Transit Chief Executive Officer, Gan Juay Kiat.
SBS Transit’s bid price of $472 million for the Bukit Merah Bus Package came in at the middle of the pack in a tender which included bids from five other operators.
UK-based The Go-Ahead Group put in the highest bid with a fee of $519 million, while a consortium comprising China’s Jiaoyun Group and Singapore’s Travel GSH had the lowest bid price at $419 million.
In a news release on Friday, LTA says SBS Transit was awarded the contract as its proposal “demonstrated a comprehensive understanding of the operational considerations, and strong competence in bus service scheduling that would enable the optimal deployment of buses and resources.”
“SBST also demonstrated innovative IT solutions for infrastructure and asset maintenance, as well as security management, with the development of several in-house mobile applications for staff to report defects and incidents,” LTA adds. “In terms of manpower development, SBST presented a career development programme to up-skill its staff, with more opportunities for career progression.”
SBS Transit will set up a new Technical Assessment and Certification Centre at the Ulu Pandan Depot for the Singapore Bus Academy (SGBA).
According to the group, this will enhance the professionalism of engineering and technical staff in the bus industry, and complement the SGBA’s efforts to raise the profile of the industry.
It will also introduce a telematics system, known as SAGE, on some 330 buses under the Bukit Merah Bus Package to monitor the smoothness and comfort of its bus rides.
The system records and monitors the SBS Transit’s bus drivers’ driving behaviour, including whether the driver has been travelling too fast or accelerating too harshly. Feedback is then given in real time to the driver through audio and visual alerts.
The buses will also be equipped with an Advanced Driver Assistance System, Mobileye, to act as an added safeguard.
The system will alert the drivers of any impending collision with vehicles or pedestrians in front of them, enabling them to take defensive action immediately.
SBS Transit says it will also work towards achieving a Green Mark certification for the new Ulu Pandan Depot, which will include initiatives such as the use of solar panels to generate electricity as well as the use of NeWater for non-potable purposes such as bus washing.
Shares of SBS Transit closed flat at $2.63 on Friday.
Kinetic88
Great Supremacy Member
- Joined
- Jun 15, 2007
- Messages
- 65,186
- Reaction score
- 6
homedriver
Master Member
- Joined
- Feb 9, 2004
- Messages
- 3,399
- Reaction score
- 186
COMFORTDELGRO up will
- Joined
- Jan 5, 2015
- Messages
- 84,183
- Reaction score
- 10,105
Look at investmentmoat blog... He has some so I suppose you can find an article from him on it.
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 360,649
- Reaction score
- 111,838
i think govt is paying too much for the transport operators to run buses and mrt lines. profits keep on increasing ever since the start of this transport model.
Dividends Warrior
Arch-Supremacy Member
- Joined
- Nov 7, 2010
- Messages
- 23,887
- Reaction score
- 1,836
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 360,649
- Reaction score
- 111,838
Bus and train fares to rise by 7% from December 28
Bus and train fares to rise by 7% from December 28
https://sbr.com.sg/transport-logistics/news/bus-and-train-fares-rise-7-december-28
This will boost the annual revenue of public transport operators by $132.5m.
The Public Transport Council (PTC) will raise bus and train fares by 7% effective 28 December, according to a media release.
Despite cost pressures from higher energy prices and local manpower wages, the PTC has granted fare concessions to certain commuter groups, increasing by $0.04 for seniors, lower wage workers, persons with disabilities (PWD) and students and $0.09 for adults per journey, according to a press release.
After the fare adjustments have become effective, adults are expected to pay about $1.48 for an average journey (10km), senior citizens and PWDs at $0.92, lower-wage workers at $1.14, students at $0.63. Fares of polytechnic and other diploma students will dip from the current $1.39 to $0.63.
In addition, PTC will extend student concessionary fare to polytechnic and other diploma students where they are said to have savings in card fares of up to $1.54 per journey. It also plans to SBS Transit and SMRT to contribute about $3.89m ($1.88m and $2.01m, respectively)
to the Public Transport Fund for lower-income households.
Bus and rail fares in Singapore are one of the most affordable in the world, with senior citizens enjoying the third cheapest fares in the world; adult fares at second cheapest and student fares as the world’s most affordable, the release added.
According to an analyst report by DBS Research, the fare adjustment translates into a $132.5m annual revenue increase for public transport operators with SBS Transit Rail and SMRT Train having $18.8m and $40.2m of annual revenue increases, respectively.
The report added that the 7% increase in fare added 3-4% to the FY2020 forecast on ComfortDelGro and will help reduce losses from Downtown Line (DTL) in the same period.
Bus and train fares to rise by 7% from December 28
https://sbr.com.sg/transport-logistics/news/bus-and-train-fares-rise-7-december-28
This will boost the annual revenue of public transport operators by $132.5m.
The Public Transport Council (PTC) will raise bus and train fares by 7% effective 28 December, according to a media release.
Despite cost pressures from higher energy prices and local manpower wages, the PTC has granted fare concessions to certain commuter groups, increasing by $0.04 for seniors, lower wage workers, persons with disabilities (PWD) and students and $0.09 for adults per journey, according to a press release.
After the fare adjustments have become effective, adults are expected to pay about $1.48 for an average journey (10km), senior citizens and PWDs at $0.92, lower-wage workers at $1.14, students at $0.63. Fares of polytechnic and other diploma students will dip from the current $1.39 to $0.63.
In addition, PTC will extend student concessionary fare to polytechnic and other diploma students where they are said to have savings in card fares of up to $1.54 per journey. It also plans to SBS Transit and SMRT to contribute about $3.89m ($1.88m and $2.01m, respectively)
to the Public Transport Fund for lower-income households.
Bus and rail fares in Singapore are one of the most affordable in the world, with senior citizens enjoying the third cheapest fares in the world; adult fares at second cheapest and student fares as the world’s most affordable, the release added.
According to an analyst report by DBS Research, the fare adjustment translates into a $132.5m annual revenue increase for public transport operators with SBS Transit Rail and SMRT Train having $18.8m and $40.2m of annual revenue increases, respectively.
The report added that the 7% increase in fare added 3-4% to the FY2020 forecast on ComfortDelGro and will help reduce losses from Downtown Line (DTL) in the same period.
5408854088
High Supremacy Member
- Joined
- Apr 3, 2007
- Messages
- 32,006
- Reaction score
- 29
SBS Transit posts 1.5% rise in full-year net profit of S$81.3m
https://www.businesstimes.com.sg/co...osts-15-rise-in-full-year-net-profit-of-s813m
https://www.businesstimes.com.sg/co...osts-15-rise-in-full-year-net-profit-of-s813m
lightchaser
Member
- Joined
- Sep 26, 2001
- Messages
- 397
- Reaction score
- 9
wow, why sudden drop despite good results ?
- Joined
- Mar 11, 2006
- Messages
- 67,214
- Reaction score
- 190
It has fallen from a peak 6 months ago so long-term holders must be jaded. Maybe people were expecting a spectacular yoy growth in earnings but it’s just 1.5%.
When they make money, the public complains that it’s taxpayer’s money going to shareholders and this can make it difficult for them to report glaring profits. But in more difficult years when they make losses, people conveniently forget about those years. This is the macro-environment of SBST, quite unlike CDG. The point of going public is for them to own shares so that any gains in productivity is returned to the people, but this point has somewhat been lost over the years.
Also, there is the warning on reduced discretionary public transport use and telecommuting/team segregation which will impact ridership by around 8.3% and 40% respectively during the affected period.
Other companies are also offering better dividend yields, and the falling prices could be indicative of correction towards a lower-than-expected dividend to a point where the yield looks more attractive for buyers entering this counter.
When they make money, the public complains that it’s taxpayer’s money going to shareholders and this can make it difficult for them to report glaring profits. But in more difficult years when they make losses, people conveniently forget about those years. This is the macro-environment of SBST, quite unlike CDG. The point of going public is for them to own shares so that any gains in productivity is returned to the people, but this point has somewhat been lost over the years.
Also, there is the warning on reduced discretionary public transport use and telecommuting/team segregation which will impact ridership by around 8.3% and 40% respectively during the affected period.
Other companies are also offering better dividend yields, and the falling prices could be indicative of correction towards a lower-than-expected dividend to a point where the yield looks more attractive for buyers entering this counter.
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 360,649
- Reaction score
- 111,838
Ex-general poised to helm SBS Transit
Ex-general poised to helm SBS Transit
https://www.straitstimes.com/singapore/transport/ex-general-poised-to-helm-sbs-transit
SINGAPORE - SBS Transit has promoted its chief operating officer Cheng Siak Kian to acting chief executive officer.
Mr Cheng, 50, will assume his new position from March 1. He is no stranger to SBS Transit (SBST), having joined the bus and rail operator in September 2015.
The former brigadier-general and commander of the Republic of Singapore Air Force held operations and management roles in SBST's bus division.
In December 2016, he was posted to Australia to helm the Australia New South Wales operations of SBST's parent group, ComfortDelGro Corp.
He returned to SBS Transit in July 2019 to assume the post of COO to assist Mr Yang Ban Seng, the interim CEO, after SBST's previous chief executive, Mr Gan Juay Kiat, had to step down suddenly.
Ex-general poised to helm SBS Transit
https://www.straitstimes.com/singapore/transport/ex-general-poised-to-helm-sbs-transit
SINGAPORE - SBS Transit has promoted its chief operating officer Cheng Siak Kian to acting chief executive officer.
Mr Cheng, 50, will assume his new position from March 1. He is no stranger to SBS Transit (SBST), having joined the bus and rail operator in September 2015.
The former brigadier-general and commander of the Republic of Singapore Air Force held operations and management roles in SBST's bus division.
In December 2016, he was posted to Australia to helm the Australia New South Wales operations of SBST's parent group, ComfortDelGro Corp.
He returned to SBS Transit in July 2019 to assume the post of COO to assist Mr Yang Ban Seng, the interim CEO, after SBST's previous chief executive, Mr Gan Juay Kiat, had to step down suddenly.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.
Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
