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Post by zuolun on Feb 6, 2014 18:59:29 GMT 7
Alternative view:SMRT — Ichimoku chart shows no purple cloud to support SMRT's current share price @ S$1.075
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Post by zuolun on Feb 7, 2014 16:06:55 GMT 7
The ichimoku chart clearly shows the difference between a strong uptrend stock and a strong downtrend stock. The purple cloud in Ezion's chart is the support macam a woman's bra, right now SMRT is racing to the bottom because it's without a bra. Ezion Vs SMRT
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Post by zuolun on Feb 10, 2014 10:06:09 GMT 7
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Post by zuolun on Feb 10, 2014 14:58:10 GMT 7
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Post by me200 on Feb 17, 2014 6:20:08 GMT 7
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Post by zuolun on Feb 17, 2014 11:15:16 GMT 7
Lessons Learnt from Stupid Mistake1. Never catch a falling knife. 2. Never, never, average down. 3. Cut loss, when you realized that it's a gone case. No matter how heavy is the loss will be. SMRT's FA by Kit Whye Chan — 28 Jan 2014 - Div yield is 1.7%, assuming 2 cts annual dividend.
- Net gearing has gone up 0.08 in Mar 2013 to 0.64 in Dec 2013, despite the fact that borrowings only increased by approx. $20 million. This is because there was a huge reduction in cash balance by $233 million during the said period.
- Cash flow has turned very negative with a huge capex of $604 million YTD. A huge increase in staff costs by more than 20% is another area of concern. A breakdown between payroll increase for existing staff and new hirings will help investors to see if the huge increase is really justifiable.
- Its PE of 29 times is just too high for one to put their money into investing in SMRT shares.
- Its NAV is slightly above 50 cents, and without paying good dividend yield, one has to think twice on investing in this counter.
- A share price can only be sustainable with a very low NAV is when it pays good dividend yield and above average inflation rate. An example is telcos which have very low NAV, but pay good dividend yield.
- SMRT has to really reinvent itself to win the heart of shareholders, while not cause public outcry over its fare price hikes. This is not an easy solution and will continue to pose a real challenge for its management and executive board.
[/quote][/ul]
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Post by stockpicker on Feb 18, 2014 8:41:52 GMT 7
LTA is raising its power again to fine train and bus operators if there is a service breakdown. Will this be able to solve our problem? ride.asiaone.com/news/general/story/maximum-fine-rail-disruptions-raised-10-cent-lines-annual-fare-revenueIt is a yes and no answer. Yes, if the fines hit the pockets of the operators. No, if the commuters is to finally bear the full cost of the fines. It will also depend on the attitude of LTA, SMRT and the other operators. If the attitude is one that "lets the system do the work". then the fine system will work initially but ultimately, it will fall back and may be even worst than the beginning. The good thing what LTA did was the "carrot and stick" approach; for example, the bus operator will be rewarded $6,000 if they reduce average waiting time by 6 seconds but fined $4,000 for every 6 seconds delay in waiting time. ride.asiaone.com/news/general/story/rewards-also-needed-improve-bus-arrivalsLTA's fining system has attracted enough attention for this blogger to even come up with a blog that tracks LTA's history of fines on train operator. failrailsg.appspot.com/fines.htmlTo get best result, LTA should not just rely on its fining structure and system but take a total and holistic approach including setting up a maintenance auditing team that could assist LTA and the operators to identify, diagnose and pre-empt the maintenance problem and recommend appropriate steps for the operators to take to improve our public transportation system. The auditing team should have necessary experts who are familiar with the particular operating system and report its finding to the highest authority.
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SMRT
Feb 18, 2014 9:25:07 GMT 7
Post by zuolun on Feb 18, 2014 9:25:07 GMT 7
“愚蠢的定义是反复做同一件事情,而又期待不同的结果。”"Insanity is doing the same thing over and over again but expecting different results.” — Albert Einstein LTA is raising its power again to fine train and bus operators if there is a service breakdown. Will this be able to solve our problem? ride.asiaone.com/news/general/story/maximum-fine-rail-disruptions-raised-10-cent-lines-annual-fare-revenueIt is a yes and no answer. Yes, if the fines hit the pockets of the operators. No, if the commuters is to finally bear the full cost of the fines. It will also depend on the attitude of LTA, SMRT and the other operators. If the attitude is one that "lets the system do the work". then the fine system will work initially but ultimately, it will fall back and may be even worst than the beginning. The good thing what LTA did was the "carrot and stick" approach; for example, the bus operator will be rewarded $6,000 if they reduce average waiting time by 6 seconds but fined $4,000 for every 6 seconds delay in waiting time. ride.asiaone.com/news/general/story/rewards-also-needed-improve-bus-arrivalsLTA's fining system has attracted enough attention for this blogger to even come up with a blog that tracks LTA's history of fines on train operator. failrailsg.appspot.com/fines.htmlTo get best result, LTA should not just rely on its fining structure and system but take a total and holistic approach including setting up a maintenance auditing team that could assist LTA and the operators to identify, diagnose and pre-empt the maintenance problem and recommend appropriate steps for the operators to take to improve our public transportation system. The auditing team should have necessary experts who are familiar with the particular operating system and report its finding to the highest authority.
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SMRT
Feb 18, 2014 14:23:32 GMT 7
Post by zuolun on Feb 18, 2014 14:23:32 GMT 7
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Post by me200 on Feb 19, 2014 7:19:45 GMT 7
An insider’s view of SMRT
LG DK, you have been given a bad deal that is for sure. Saw PH got off scot-free for all the damage she has done to SMRT. When she cabut [Ed. "cabut" is Malay for "leave" or "run away"] Ong Ye Kung wanted the CEO job badly. Pinky LHL did not agree as he wanted Ong YK to be in parliament. However, Ong was in the losing GRC team together with George Yeo.
Because Ong was not appointed, Pinky and Ho Jinx ‘picked’ you.
In PAP terms you were chosen and you did not have a choice.
Sorry to say, Ong YK would have made a better CEO, as he was well liked and close to the ground staff and knew how SMRT worked, being in the BOD for many years.
Too bad, now the shit Saw PH left behind is on your helpless lap.
You mentioned that the first generation trains had their power units changed!
Now this begs the $40,000,000.00 question. In 2008/9 these same first gen train were given a MID-life Upgrade. The work was done by Rotem of Korea. After spending so much money these units were not changed, RIGHT?
Yes, bcos Saw PH and her incompetent Project Manager Lui Wai Meng saw to it the $40,000,000.00 was used only to make the interior of the trains look good. Just like PAP all wayang. Not a cent was spent to change the traction motors, air-con compressors, and other running parts of the trains! For this Lui WM was promoted by Saw PH to VP Train Operations. While Lui was the VP Operations the 15 Dec 2011 major incident happened. And we all know that it was due to his incompetent handling of the incident that all hell broke loose. As VP Operations he was supposed to be in the OCC directing the OCC team. Instead he was nowhere near OCC. He was running like a mad dog on the track kaypohing[Ed. "kaypoh" is Singlish/Hokkien/Malay for "being a busybody"] on the stalled trains!
DK this is one BIG shit you need to kick out before you can get any headway with staff morale.
Second, the third gen trains are relatively new, why do you need to upgrade them?
Were they not properly comissionened when they were bought? Whose responsibility was it to test amd comission them? SMRT or LTA? Why and how could this happen?
Third, the signal problems are still there. What do you mean by ongoing? Can solve or not?
Hope your boast is real that your engineers are getting to the root causes to solve problems effectively.
From my experience the SMRT culture has always been “let’s not tell others the problem is due to our dept”! In other words “let’s nor share information, else everyone will know the real problem is with us” culture. With the close interfacing of the various systems, not sharing information is as good as not getting to the root of the problem.
It is a purely keep information to ourselves culture. Why has this happened? It’s bcos of the inhumane zero error regime – targeting scapegoats for any error! Just like what they did to the train technicians and train driver in the recent incidents! And they did this to Gintai as well.
Do you know whether VP inspectorate (Mr Lui – again) looked for the root cause of the problem or just stopped at punishing the staff? If this is so, you are doomed.
Ex SMRT employee
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Post by candy188 on Feb 19, 2014 9:56:27 GMT 7
There is a difference between BETTER and BEST. Public transport system reliability is necessary to cope with the projected 6.9 million population target in the White Paper as a valid argument raised up by Fang Shihan, Co-Founder of New Nation in the Video from 20:05 to 21:13www.sgag.sg/gag/187/why-need-6.9-million-people-in-singapore?.htmlSMRT ranked among better rail operators in international standardsSINGAPORE: Transport operator SMRT is ranked consistently among the better operators in the world in terms of international benchmarking of standards. This is according to the 2012 data of global metros by CoMET Nova Benchmarking Group that comprises leading metro operators from about 30 cities in Asia, Europe and America. SMRT ranked 10 out of 29 in terms of incidents causing more-than-five-minute delays per million car km travelled. But SMRT conceded that it can certainly improve to be among the best.SMRT said over the past two years, efforts to enhance its capacity and renew its systems are showing encouraging results. There was a steady decline in the number of incidents causing delays of more than five minutes since January 2012, measured in terms of absolute numbers and the number of incidents per 100,000km. In 2011 and 2012, there was an average of about four incidents every five days. In 2013, the figure dropped to an average of about three incidents every five days.===> For more Serious delays lasting more than 30 minutes, there were seven incidents in 2011, three in 2012, and four in 2013.
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Post by zuolun on Feb 19, 2014 11:00:15 GMT 7
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SMRT
Feb 22, 2014 12:08:37 GMT 7
Post by zuolun on Feb 22, 2014 12:08:37 GMT 7
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SMRT
Feb 22, 2014 16:42:41 GMT 7
oldman likes this
Post by zuolun on Feb 22, 2014 16:42:41 GMT 7
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SMRT
Feb 24, 2014 13:23:03 GMT 7
oldman likes this
Post by zuolun on Feb 24, 2014 13:23:03 GMT 7
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