SBS Transit

[CityFarmer]

With increase in ridership, will LRT become more profitable?

More trips on Sengkang, Punggol LRT network from June 24

SINGAPORE — With ridership on the Punggol and Sengkang LRT network growing, SBS Transit will be boosting its services with an additional 1,464 trips weekly starting June 24.

More trips will be added throughout the day and during weekends, reducing waiting times.

http://www.todayonline.com/singapore/mor...rk-june-24

[Penguin Papa]

Will it break down more often like Bt Panjang LRT, with more wear and tear?

[pianist]

With increase in ridership, will LRT become more profitable?

More trips on Sengkang, Punggol LRT network from June 24

SINGAPORE — With ridership on the Punggol and Sengkang LRT network growing, SBS Transit will be boosting its services with an additional 1,464 trips weekly starting June 24.

More trips will be added throughout the day and during weekends, reducing waiting times.

http://www.todayonline.com/singapore/mor...rk-june-24

r u concerned as a shareholder

[CityFarmer]

With increase in ridership, will LRT become more profitable?

More trips on Sengkang, Punggol LRT network from June 24

SINGAPORE — With ridership on the Punggol and Sengkang LRT network growing, SBS Transit will be boosting its services with an additional 1,464 trips weekly starting June 24.

More trips will be added throughout the day and during weekends, reducing waiting times.

http://www.todayonline.com/singapore/mor...rk-june-24

r u concerned as a shareholder

(not vested as shareholder)

[Dividend Warrior]

SBS Transit on Tuesday reported second-quarter profit plunged 30.6 per cent from the corresponding period a year earlier, as the transport operator was hit by rising staff costs as well as higher repair and maintenance costs

Net profit for the three months ended June 30 was S$31.6 million, down from S$4.55 million in the previous corresponding period, even as revenue rose 6.7 per cent to S$209.3 million mainly because of higher ridership on its buses and trains.

Revenue from bus operations rose by 7 per cent to S$159.6 million due to the increase in average daily ridership of 3 per cent and an increase in other operating income, partly offset by the decrease in the average fare.

Revenue from rail operations rose by 7.1 per cent to S$36.4 million, with an increase in ridership partly offset by the fall in the average fare. Average daily ridership for the North-East Line and the two Light Rail Transit systems went up by 5.9 and 9.8 per cent, respectively, from the previous corresponding period.

SBS Transit declared an interim cash dividend of 0.9 cent per share, down from 1.35 cents a year ago.

[felixleong]

seems like transport counters are no longer defensive
net profits and dividends down, very bad sign

[KopiKat]

seems like transport counters are no longer defensive
net profits and dividends down, very bad sign

For SBSTransit, the rot started in FY11 with lower earnings and dividend payout...
SMRT, despite being the culprit of the transport issues, was better cushioned, perhaps by their more sizeable Retail segment earnings. Their rot is more gradual and dividend only got cut from FY12.
ComfortDelgro continues to grow in Revenue, Profit & Dividend. I guess they're better diversified regionally and also from growth thro' acquisitions.

[CityFarmer]

Will it be a day in future, all SBS shuttle and loop buses are driverless... It will not be too far away, probably after 2 years...

Singapore’s first driverless vehicle to go on trial

SINGAPORE - Singapore’s first driverless electric vehicle will soon hit the roads, plying a two-kilometre route between Nanyang Technological University (NTU) and JTC Corporation’s CleanTech Park.

NTU’s Energy Research Institute, in conjunction with JTC and vehicle manufacturer Induct, and supported by EDB, are running trials on the electric vehicle, which can seat eight passengers and have a maximum speed of 20 kilometres per hour.

The electric vehicle is already in use in the United States and Europe, but NTU is developing and testing new technologies to reduce its charging time and improve performance.

The two-year test project is the first of its kind in the region, and could be used to replace shuttle buses.

If the trials prove to be successful, the vehicle manufacturer said it may produce the driverless vehicle in Singapore and commercialise it in Asia

http://www.todayonline.com/singapore/sin...e-go-trial

[pianist]

Zachary Soh | The New Paper | Saturday, Nov 2, 2013 She was playing games on her mobile phone when she was suddenly thrown forward in her bus seat. Then people started screaming. The SBS bus she was on had crashed into a lorry. A van and a car were also involved in the accident, which happened on the East Coast Parkway (ECP) towards Changi, just before the Fort Road exit. Said Madam Ivy Lui, 49: "There was a lot of screaming and blood was everywhere." The cashier supervisor was on her way home to Katong on service 30 on Tuesday at 11pm when the accident occurred. A Singapore Civil Defence Force (SCDF) spokesman said that eight people were taken to Singapore General Hospital (SGH). They included the bus driver, who was trapped in his seat and had to be rescued by SCDF officers, three passengers on the bus, and four people in the lorry. Most suffered cuts and bruises. It is unclear what the condition of the driver is. The impact of the crash caused Madam Lui, who was seated near the back of the bus, to jerk forward and knock her mouth against a seat in front. Her mouth started bleeding. Panicking, she immediately rang her husband, who was overseas. "I was very scared. I told him I was bleeding and I didn't know what to do," she said. Another passenger, Mr Nino Jericho Laxina Villaremo, 23, a sales associate, knocked his head against a glass panel in front of him. He was seated near the exit door of the bus. He said: "There were aunties who fell on the floor, bleeding and crying. The bus was very crowded and everybody was panicking." The bus was then plunged into darkness. Madam Lui said she next heard the sound of shattering glass. When she looked over, she saw a passenger using the emergency hammer to smash the glass doors. "He was trying to create an opening for us to get out," she said. Once it was broken, the passengers dashed out of the bus and on to the other side of the road. Said another passenger, Madam Jenny Fam, 62, a food-seller: "I just wanted to get out of the bus. "I was afraid it would go up in flames." - See more at: http://ride.asiaone.com/news/general/sto...2jByz.dpuf

[Dividend Warrior]

Zachary Soh | The New Paper | Saturday, Nov 2, 2013 She was playing games on her mobile phone when she was suddenly thrown forward in her bus seat. Then people started screaming. The SBS bus she was on had crashed into a lorry. A van and a car were also involved in the accident, which happened on the East Coast Parkway (ECP) towards Changi, just before the Fort Road exit. Said Madam Ivy Lui, 49: "There was a lot of screaming and blood was everywhere." The cashier supervisor was on her way home to Katong on service 30 on Tuesday at 11pm when the accident occurred. A Singapore Civil Defence Force (SCDF) spokesman said that eight people were taken to Singapore General Hospital (SGH). They included the bus driver, who was trapped in his seat and had to be rescued by SCDF officers, three passengers on the bus, and four people in the lorry. Most suffered cuts and bruises. It is unclear what the condition of the driver is. The impact of the crash caused Madam Lui, who was seated near the back of the bus, to jerk forward and knock her mouth against a seat in front. Her mouth started bleeding. Panicking, she immediately rang her husband, who was overseas. "I was very scared. I told him I was bleeding and I didn't know what to do," she said. Another passenger, Mr Nino Jericho Laxina Villaremo, 23, a sales associate, knocked his head against a glass panel in front of him. He was seated near the exit door of the bus. He said: "There were aunties who fell on the floor, bleeding and crying. The bus was very crowded and everybody was panicking." The bus was then plunged into darkness. Madam Lui said she next heard the sound of shattering glass. When she looked over, she saw a passenger using the emergency hammer to smash the glass doors. "He was trying to create an opening for us to get out," she said. Once it was broken, the passengers dashed out of the bus and on to the other side of the road. Said another passenger, Madam Jenny Fam, 62, a food-seller: "I just wanted to get out of the bus. "I was afraid it would go up in flames." - See more at: http://ride.asiaone.com/news/general/sto...2jByz.dpuf

Sad news......
Hope the driver and passengers are alright.