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Post by zuolun on Feb 24, 2014 16:56:14 GMT 7
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SMRT
Feb 25, 2014 11:42:47 GMT 7
oldman likes this
Post by zuolun on Feb 25, 2014 11:42:47 GMT 7
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SMRT
Feb 25, 2014 23:06:30 GMT 7
oldman likes this
Post by zuolun on Feb 25, 2014 23:06:30 GMT 7
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Post by zuolun on Feb 28, 2014 8:02:07 GMT 7
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Post by zuolun on Mar 3, 2014 21:34:13 GMT 7
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Post by zuolun on Mar 6, 2014 16:05:07 GMT 7
A struggling infrastructure company like SMRT needs lots of capital expenditure to put the things right. This is likely to take years to sort out and may drain lots of money. I don't think this is the right time to even look at its fundamentals. I rather look for a more stable company with stable profits. Of course, if you are a TA practitioner, you may be tempted to play the rebound..... The series of breakdowns have now become extremely obvious and consistent, longterm funds have realised that SMRT's existing problems are also longterm and very hard to fix type. Both FA and TA are flashing very strong -ve signals: upside limited downside bottomless! 19,000 commuters affected by morning delay on North South MRT — 20 Jan 2014 5th MRT disruption in 6 days — 25 Jul 2013 SMRT train tracks maintenance not rigorous enough: commuters — 25 Feb 2012 Fire broke out in the tunnel of Newton MRT station — 13 Feb 2013 Behind Every Job: SMRT Trains — 24 Mar 2011
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SMRT
Mar 7, 2014 16:29:43 GMT 7
Post by zuolun on Mar 7, 2014 16:29:43 GMT 7
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Post by zuolun on Mar 21, 2014 13:20:06 GMT 7
odie, The positive news on rising fares has no impact at all, the fear factor on SMRT now is in FULL FORCE as more and more fund managers threw in the towel. odie, Expect the BBs in SMRT to draw the chart downwards with a long black marubozu. SMRT — Bear pennant formationShould the bear pennant materialize, interim TP S$0.795.
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Post by zuolun on Mar 22, 2014 16:22:42 GMT 7
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Post by zuolun on Apr 5, 2014 15:03:45 GMT 7
SMRT — Extremely tight bollinger band squeeze, expect major downside movement (repeat pattern/continuation)SMRT's chart pattern suggests that TP S$0.60 or lower is not impossible. (For TP to materialise, the duration is 6 - 8 qtrs.)
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Post by zuolun on Apr 9, 2014 13:40:53 GMT 7
SMRT — Water always falls down a waterfall, it's quite unique and unusual for water to move up a waterfall
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SMRT
Apr 19, 2014 14:51:26 GMT 7
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Post by zuolun on Apr 19, 2014 14:51:26 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.
SMRT's primary trend is down, should the dead cat bounce materialize, it's an opportunity to run road, not buy. SMRT's next support @ S$0.94, the 38.2% FIBO retracement on the EW chart pattern. SMRT (weekly) — Bullish Three-Drives FormationSMRT — The Elliott Wave Chart Pattern
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SMRT
Apr 20, 2014 11:26:55 GMT 7
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Post by zuolun on Apr 20, 2014 11:26:55 GMT 7
SMRT's chart pattern suggests that TP S$0.60 or lower is not impossible. (For TP to materialise, the duration is 6 - 8 qtrs.) SMRT (daily) — Bear Pennant formationSMRT closed with a doji @ S$1.02 on 17 Apr 2014. Immediate support @ S$0.94, strong resistance @ S$1.05. Should a dead cat bounce occur, it's an opportunity to sell on strength, not buy. SMRT took 12 months or 4 qtrs to drop S$0.49 from S$1.51 on 18 Apr 2013 to S$1.02 on 17 Apr 2014. SMRT (weekly) — Bullish Three-Drives Formation
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Post by zuolun on Apr 21, 2014 17:19:09 GMT 7
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Post by zuolun on Apr 22, 2014 13:54:46 GMT 7
SMRT (weekly) — A "Stair-Step" Decline
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