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Good news for both SBS and SMRT investors since the losses of the bus segment (especially SMRT[28M loss] is staggering). Maybe that explains the recent price run up.
However doesn't that mean our operators will all be asset light companies and are very likely to report profits every year like ARA, since their business is supposedly enough to cover operating expenses with a margin of profit?
However doesn't that mean our operators will all be asset light companies and are very likely to report profits every year like ARA, since their business is supposedly enough to cover operating expenses with a margin of profit?