SBS Transit *Official* (SGX:S61)

[MisterLim001]

Do you think it is good to buy SBS Transit?

 

[Dividends Warrior]

Do you think it is good to buy SBS Transit?

Facing similar cost pressures as smrt......avoid

 

[Shion]

SBS Transit profit up 57% in Q2 - Channel NewsAsia

 

[Ghostz]

SBS Transit profit up 57% in Q2 - Channel NewsAsia

Clearly SBS has better management.... Lol

 

[wahkao3]

how? SBS can buy?
Buy liao can huat?

Warren Buffet say look for companies with good "moat". SBS have super good moat.
NO COMPETITOR AT ALL!
NO COMPETITOR CAN COME IN!!

 

[chyn_no]

tot the gov is slowly introducing private operator for designated routes ??
comfortdelgro will be the upcoming competitor IMHO..

 

[Paul Lee]

Comfortdelgro is the parent company of SBSTransit. Why would the parent company want to cannablise its own child when it has the whole world to play with?

On a fundamental level, there is nothing wrong with SBSTransit. It in the type of business that investors would love to invest in because they provide an essential service that is virtually recession proof.

The biggest problem that makes it a compelling investment is the same reason as SMRT and its not just cost. Its govt regulation and an inability to set your own price.

Can u imagine Cold Storage being unable to decide how much to charge for the stuffs they sell? Or OCK having to go to a committee to apply for a price increase for their curry puff?

Thats essentially what SBST and SMRT is facing. In a free market, they would be free to set their own fare. But precisely because they provide an essential service, they are subjected to govt regulation that is not always conducive for business.

So that why SMRT and SBST is a big avoid for me. On the other hand, ComfortDelgro and Vicom are a different proposition altogether.

[Not vested in SMRT, SBST, CDG and Vicom]

 

[ysyj48]

The biggest problem that makes it a compelling investment is the same reason as SMRT and its not just cost. Its govt regulation and an inability to set your own price.

Can u imagine Cold Storage being unable to decide how much to charge for the stuffs they sell? Or OCK having to go to a committee to apply for a price increase for their curry puff?

Thats essentially what SBST and SMRT is facing. In a free market, they would be free to set their own fare. But precisely because they provide an essential service, they are subjected to govt regulation that is not always conducive for business.

So that why SMRT and SBST is a big avoid for me. On the other hand, ComfortDelgro and Vicom are a different proposition altogether.

[Not vested in SMRT, SBST, CDG and Vicom]

true, but for smrt and sbst, running the trains and buses has been a loss making part of the business for them. iirc, their revenue is coming from is the advertising, and the rental from retail shops inside mrt stations. but with the new bus contracting model, bus operators will be paid fees (by LTA) to operate the services, while fare revenue will be retained by the Government. which means that smrt and sbst will not be making losses on running bus services?

correct me if im wrong, i am still a noob

Transition to a Government Contracting Model For the Public Bus Industry | Press Room | Land Transport Authority

 

[MisterLim001]

true, but for smrt and sbst, running the trains and buses has been a loss making part of the business for them. iirc, their revenue is coming from is the advertising, and the rental from retail shops inside mrt stations. but with the new bus contracting model, bus operators will be paid fees (by LTA) to operate the services, while fare revenue will be retained by the Government. which means that smrt and sbst will not be making losses on running bus services?

correct me if im wrong, i am still a noob

Transition to a Government Contracting Model For the Public Bus Industry | Press Room | Land Transport Authority

but transport is their main source revenue and they can't make money? weird leh

 

[stevencong]

but think about it, will sg citizen allow it to be continue so profitable? I'm sure people are scolding SBS for making big money some more wanna increase fare. Doubt the long time outlook will be good for sbs.

 

[havetheveryfun]

but think about it, will sg citizen allow it to be continue so profitable? I'm sure people are scolding SBS for making big money some more wanna increase fare. Doubt the long time outlook will be good for sbs.

how can sg citizen not allow it? by walking n riding bicycle instead of taking bus is it

 

[Dividend Hermit]

how can sg citizen not allow it? by walking n riding bicycle instead of taking bus is it

Via votes

 

[sophie.wee.weng]

Think I will buy one lot next week.

 

[addict951]

Think I will buy one lot next week.

Should buy now

 

[sophie.wee.weng]

I am saving up to buy 3 lot, hopefully.

 

[Shion]

dividends over, stock price not much big movements

 

[Shion]

SBS Transit sees 62% jump in Q3 profit - Channel NewsAsia

 

[wahkao3]

goood to buy now?

 

[winorlose]

at p/e of 40... what do you think? i won't touch it at this price..

 

[Perisher]

Bursting at the seams, what's up?