Skip to main content

SMRT target price raised to $2.50 by UBS, keeps ‘buy’ call

Past 1 year performance for SMRT Corp (S53.SI)

UBS has raised SMRT’s (S53.SG) target price to $2.50 from $2.15, based on discounted cashflow model, to reflect higher rail ridership with second phase of Singapore Circle Line opening from April 17 and more people turning to public transport as cost of vehicle ownership escalates, according to Dow Jones.

The broker expects Circle Line’s daily ridership to increase to 211,000 commuters from 38,000 currently when new stations open, which also expected to boost rental, advertising revenue.

UBS adds that Singapore government’s move to cut number of vehicle certificates of entitlement will aid SMRT as public transport becomes more attractively priced vs private modes of transport.

Keeps “buy” call. Shares +0.5% at $2.17.

SMRT target price raised to $2.50 by UBS, keeps ‘buy’ call [via]

Popular Posts

How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
Run net stop fortishield on command prompt.
Run msconfig.
On msconfig, switch to the Services tab. Clear the FortiClient Service Scheduler check box and click Apply.Run services.msc on command prompt to open up show all available services.Look for FortiClient Service Scheduler. Switch Startup type to Manual.Restart your computer. FortiClient should not be running automatically the next time round. Hope it helps.

Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

I wonder how can Forbes makes such a blunder. For a complete list, refer to here.

Google Suggestion "where is" - Najib, Rosmah - Malaysia GE17

The 14th Malaysian general election held on 9 May 2018 had concluded with the incumbent Barison Nasional (BN) voted out and Najib losing his Prime Minister position. Taking over the government is the opposition party with Dr Tun Mahathir Mohamad, a former Prime Minister of Malaysia, being sworn in as the 7th Prime Minister. Dr Mahathir is now 92 years old.

So where exactly is Najib and his wife Rosmah? Even Google is showing the below when I type "where is". I bet many people are now searching for this.