16-02-2013, 10:36 AM
(This post was last modified: 16-02-2013, 10:43 AM by AlphaQuant.)
(16-02-2013, 07:06 AM)pianist Wrote: ok U think now a gd price to enter?
SBS is not on my watchlist - but i am staying away from transport counters until the whitepaper on transport. Anyway, with rising fuel (brent nearing 120), rising labor and all the madness over foreign labor, failure to raise fares, i doubt if there can be any turnaround in the near term for buses (and perhaps rail).
recent moves from the G seems to suggest a greater government role (lighter asset structure of the operators, opening up the Jurong-CBD to private operators with G taking the revenue but paying the operators the fixed). This is good i think for the general public.
Personally i prefer to have a better insight into the future cashflows stemming from future policies - i might pay more for waiting, but i am more reassured.