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SMRT fall on cost concerns

According to Kim Eng Securities on SMRT Corp,

The rise in operating costs will continue to outstrip revenue growth for at least the next 12 months, moreover, SMRT is limited in its ability to raise dividends this year due to higher capex.

From a separate account, I read SMRT Corp may be removed from the STI Index in the coming review due to lower market capitalisation. Glad I have sold off all SMRT shares. SMRT shares closed 0.966% lower to close at S$2.05 today.

SMRT off 0.5%; Cost to outstrip revenue growth: Kim Eng [via]

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