MRT/LRT News - Page 4

babystan03 · May 5th, 2004, 12:27 PM

Quote:

Originally Posted by huaiwei

No more break down now liao lah...u r too late.

I took it about 3 times so far....didnt fail on me just yet....

You never know....haha...

huaiwei · May 5th, 2004, 12:39 PM

Quote:

Originally Posted by babystan03

You never know....haha...

After the extensive upgrades, if they still breakdown......heads are really going to roll!!!

<== the head rolling...not laughing...

huaiwei · May 5th, 2004, 10:01 PM

They seem to be etting too rich, arent they?

=================================

SMRT profit up a quarter at $90m

Earnings receive unexpected boost from unused portions of farecards; Final dividend per share of 3.2 cents proposed

By Christopher Tan

LOWER depreciation, cost containment and a tax writeback were some of the factors that shored up SMRT Corp's bottom line for the year ended March 31. But an unexpected boost came from unused portions of farecards.

The transport operator yesterday reported a 24.2 per cent rise in net profit to $89.5 million despite turnover dipping by 2.7 per cent to $667.3 million because of GST absorption and Sars.

Unused fares from its now phased-out magnetic farecards, as well as monthly concession cards and single-trip tickets, generated almost $10 million in other income, said executive vice-president of finance, Mr Patrick Lau.

But he said some of the unused fares were from the previous year; and that SMRT also incurred unspecified costs on single-trip tickets that were not returned.

Nonetheless, the scale of the income from unused fares - one-third of total other operating income - surprised some market watchers.

GK Goh senior analyst Teo Hiang Boon noted that 'it's higher than expected'.

Other analysts said the operator's results were unexciting because the profit growth was not cash-generating.

SMRT's earnings per share rose to six cents from 4.8 cents previously. Its net asset value per share stood at 32 cents, from 28.5 cents in the same period last year.

Return on equity improved to 19.7 per cent, compared with 17.7 per cent previously, while its return on total assets was 5.6 per cent, against 4.1 per cent previously.

Net gearing dropped to 0.49 from 0.95, as the group repaid outstanding bank loans and redeemed $80 million bonds issued by unit Tibs Holdings last March.

But the best news for shareholders was a final dividend recommendation of 3.2 cents per share. Along with an interim payout of 1.3 cents per share, the total dividend stands at 4.5 cents per share or $53.6 million.

'That's 60 per cent of net profit, and higher than its previously declared policy of paying 50 per cent,' said GK Goh's Mr Teo.

Meanwhile, SMRT chief executive Saw Phaik Hwa said the group will not apply for a bus fare increase, but added that it still had not decided whether to apply for a train fare adjustment.

'Any fare increase we ask for will be prudent,' she said.

On prospects for this year, she said the group planned to spend about $100 million on increasing its taxi fleet by 1,000, to 3,000.

It is also spending $20 million to upgrade a dozen stations to raise retail yield.

She said SMRT has written down its investment in the Today free tabloid completely and would sell its stake if there were takers.

Finally, she reckons the impact of the delay in the completion of the Circle Line would be minimal. Overall, this year's performance would be 'comparable' to last year's.

heirloom · May 5th, 2004, 10:05 PM

90 million is really a pittance if you compare to the initial building costs! what do they use the profits for? buying new trains?

huaiwei · May 5th, 2004, 10:23 PM

Quote:

Originally Posted by heirloom

90 million is really a pittance if you compare to the initial building costs! what do they use the profits for? buying new trains?

Initial building costs? What do they have to build?

heirloom · May 6th, 2004, 01:07 AM

the sum the govt coughs up to build lor...

huaiwei · May 6th, 2004, 02:16 AM

Ok....dont quite get your statement, but apparently the companies use the profits to answer to shareholders or something?

huaiwei · May 11th, 2004, 11:11 PM

MRT hero among 115 land transport workers lauded

Quick-thinking train driver had helped to avert disaster when a car landed across train tracks; he and others will receive Model Worker Award

By Sue-Ann Chia

MRT train officer Francis Rodrick Julius still gets the chills when his train zooms past the spot where, just over a year ago, a car crashed through a fence and landed across the train tracks.

The 42-year-old, whose quick action prevented a major tragedy, has one thought as he goes about his daily route: that it does not happen again.

He had slammed the emergency brakes so the train, bound for Khatib MRT station with 1,300 passengers in it, lost speed rapidly - lessening its impact when it hit the car.

For his actions, which saved the day, and his 16 years of service at SMRT, Mr Julius was picked as one of the 115 employees from the land transport industry for the Model Worker Award.

The selected group, who range from bus captains to driving instructors, will receive their awards - given out annually by the labour movement - from Deputy Prime Minister Lee Hsien Loong on Saturday.

For Mr Julius, the pat on the back 'is a reward I did not expect... but it does not change things', he said. 'I will still go on driving more than 1,000 passengers a day, and ensuring their safety at all times.'

Another recipient is housewife-turned-cabby Ng Chew Lan.

The 43-year-old mother of two sons, aged 18 and 24, who became a cabby eight years ago, shares the same taxi as her husband. She works in the mornings while he takes the night shift. They meet when handing over, which, for Madam Ng, is a good thing.

'The time spent apart is good as it also means less time to quarrel,' she said with a laugh.

The former housewife now receives compliments almost daily from her passengers and has earned praise for her patience even in ugly incidents.

She said of the early days: 'I was a country bumpkin. As I seldom went out, I didn't even know the locations of many places.'

So in her first year, she took to drawing out more than 50 street maps of different locations on mahjong paper for easy reference.

Now, she zooms around Singapore with ease, but still keeps seven hand-drawn maps of areas unfamiliar to her, like Woodlands and Sengkang, tucked in her bag. 'The maps are very tattered now, but they have helped as I don't have to ask the passenger to tell me how to get to places,' she said.

This is the second time the industry has been picked since the awards were first given out in 1996, because of the 'mettle' shown by its employees during the Sars outbreak, the National Trades Union Congress said yesterday.

Compliments from passengers make her day. Formerly a housewife, model cabby Ng Chew Lan, 43, shares the taxi with her husband, who works the night shift. -- ABDUL AZIZ HUSSIN

heirloom · May 12th, 2004, 01:39 PM

hahaha... why bukit panjang lrt so lousy!

babystan03 · May 12th, 2004, 01:42 PM

Quote:

Originally Posted by heirloom

hahaha... why bukit panjang lrt so lousy!

haha...thats what I thought too.....somemore it undergone a major and extensive revamp in the circuit.......

huaiwei · May 12th, 2004, 03:53 PM

Wakao.....3 shutdowns after a recent revamp? They should destroy the system!

babystan03 · May 12th, 2004, 03:55 PM

Quote:

Originally Posted by huaiwei

Wakao.....3 shutdowns after a recent revamp? They should destroy the system!

I wonder what's wrong with it??? Always spoilt one.....fortunately I don't live there......feel so insecure.....

huaiwei · May 12th, 2004, 04:58 PM

Insecure....muahahah!!!

I dont know man. Maybe they should destory it and replace if with the Sengkang system. Seems tonnes more reliable!

babystan03 · May 12th, 2004, 05:03 PM

Quote:

Originally Posted by huaiwei

Insecure....muahahah!!!

I dont know man. Maybe they should destory it and replace if with the Sengkang system. Seems tonnes more reliable!

That what I thought too.....but it seem from the news that residents there are used to the situation.....and they seem more happy when it's spoilt cos then there will be free feeder bus.....haha...

huaiwei · May 12th, 2004, 05:20 PM

Quote:

Originally Posted by babystan03

That what I thought too.....but it seem from the news that residents there are used to the situation.....and they seem more happy when it's spoilt cos then there will be free feeder bus.....haha...

Aye yeah hor....suddenly it sounds like a great ting to happen!

babystan03 · May 12th, 2004, 05:24 PM

Quote:

Originally Posted by huaiwei

Aye yeah hor....suddenly it sounds like a great ting to happen!

Haha....no wonder the residents seem to look very "satisfied" on TV lah....haha....

huaiwei · May 12th, 2004, 06:03 PM

Quote:

Originally Posted by babystan03

Haha....no wonder the residents seem to look very "satisfied" on TV lah....haha....

So very Singaporean...but I am sure they are still going to bitch about the system failures for the sake of it!

babystan03 · May 12th, 2004, 06:07 PM

Quote:

Originally Posted by huaiwei

So very Singaporean...but I am sure they are still going to bitch about the system failures for the sake of it!

Of course they will bitch about it....so that SLRT can offer some promotional rates or free rides as apology..(which they always do)...haha....

huaiwei · May 12th, 2004, 06:45 PM

Quote:

Originally Posted by babystan03

Of course they will bitch about it....so that SLRT can offer some promotional rates or free rides as apology..(which they always do)...haha....

Free rides on LRT?

I suppose their huge profits should be more then able to pay for this!

babystan03 · May 12th, 2004, 06:49 PM

Quote:

Originally Posted by huaiwei

Free rides on LRT?

I suppose their huge profits should be more then able to pay for this!

Piece of cake lah.....anyway they can easily afford to fork out 2.5 million for an image revamp???

May 5th, 2004, 10:01 PM	#63
huaiwei The Monkey King Join Date: Jan 2003 Location: Singapore 新加坡 Singapura சிங்கப்&#2986 Posts: 11,897 Likes (Received): 0	They seem to be etting too rich, arent they? ================================= SMRT profit up a quarter at $90m Earnings receive unexpected boost from unused portions of farecards; Final dividend per share of 3.2 cents proposed By Christopher Tan LOWER depreciation, cost containment and a tax writeback were some of the factors that shored up SMRT Corp's bottom line for the year ended March 31. But an unexpected boost came from unused portions of farecards. The transport operator yesterday reported a 24.2 per cent rise in net profit to $89.5 million despite turnover dipping by 2.7 per cent to $667.3 million because of GST absorption and Sars. Unused fares from its now phased-out magnetic farecards, as well as monthly concession cards and single-trip tickets, generated almost $10 million in other income, said executive vice-president of finance, Mr Patrick Lau. But he said some of the unused fares were from the previous year; and that SMRT also incurred unspecified costs on single-trip tickets that were not returned. Nonetheless, the scale of the income from unused fares - one-third of total other operating income - surprised some market watchers. GK Goh senior analyst Teo Hiang Boon noted that 'it's higher than expected'. Other analysts said the operator's results were unexciting because the profit growth was not cash-generating. SMRT's earnings per share rose to six cents from 4.8 cents previously. Its net asset value per share stood at 32 cents, from 28.5 cents in the same period last year. Return on equity improved to 19.7 per cent, compared with 17.7 per cent previously, while its return on total assets was 5.6 per cent, against 4.1 per cent previously. Net gearing dropped to 0.49 from 0.95, as the group repaid outstanding bank loans and redeemed $80 million bonds issued by unit Tibs Holdings last March. But the best news for shareholders was a final dividend recommendation of 3.2 cents per share. Along with an interim payout of 1.3 cents per share, the total dividend stands at 4.5 cents per share or $53.6 million. 'That's 60 per cent of net profit, and higher than its previously declared policy of paying 50 per cent,' said GK Goh's Mr Teo. Meanwhile, SMRT chief executive Saw Phaik Hwa said the group will not apply for a bus fare increase, but added that it still had not decided whether to apply for a train fare adjustment. 'Any fare increase we ask for will be prudent,' she said. On prospects for this year, she said the group planned to spend about $100 million on increasing its taxi fleet by 1,000, to 3,000. It is also spending $20 million to upgrade a dozen stations to raise retail yield. She said SMRT has written down its investment in the Today free tabloid completely and would sell its stake if there were takers. Finally, she reckons the impact of the delay in the completion of the Circle Line would be minimal. Overall, this year's performance would be 'comparable' to last year's. __________________ Majulah Singapura 前进吧，新加坡！Onward Singapore முன்னேறட்டும் சிங்கப்பூர் "My Settlement of Singapore continues to thrive most wonderfully - it is all and everything I could wish and, if no untimely fate awaits it, promises to become the Emporium and the pride of the East" - Sir Thomas Stamford Raffles, 10th September 1820

May 6th, 2004, 02:16 AM	#67
huaiwei The Monkey King Join Date: Jan 2003 Location: Singapore 新加坡 Singapura சிங்கப்&#2986 Posts: 11,897 Likes (Received): 0	Ok....dont quite get your statement, but apparently the companies use the profits to answer to shareholders or something? __________________ Majulah Singapura 前进吧，新加坡！Onward Singapore முன்னேறட்டும் சிங்கப்பூர் "My Settlement of Singapore continues to thrive most wonderfully - it is all and everything I could wish and, if no untimely fate awaits it, promises to become the Emporium and the pride of the East" - Sir Thomas Stamford Raffles, 10th September 1820

May 11th, 2004, 11:11 PM	#68
huaiwei The Monkey King Join Date: Jan 2003 Location: Singapore 新加坡 Singapura சிங்கப்&#2986 Posts: 11,897 Likes (Received): 0	MRT hero among 115 land transport workers lauded Quick-thinking train driver had helped to avert disaster when a car landed across train tracks; he and others will receive Model Worker Award By Sue-Ann Chia MRT train officer Francis Rodrick Julius still gets the chills when his train zooms past the spot where, just over a year ago, a car crashed through a fence and landed across the train tracks. The 42-year-old, whose quick action prevented a major tragedy, has one thought as he goes about his daily route: that it does not happen again. He had slammed the emergency brakes so the train, bound for Khatib MRT station with 1,300 passengers in it, lost speed rapidly - lessening its impact when it hit the car. For his actions, which saved the day, and his 16 years of service at SMRT, Mr Julius was picked as one of the 115 employees from the land transport industry for the Model Worker Award. The selected group, who range from bus captains to driving instructors, will receive their awards - given out annually by the labour movement - from Deputy Prime Minister Lee Hsien Loong on Saturday. For Mr Julius, the pat on the back 'is a reward I did not expect... but it does not change things', he said. 'I will still go on driving more than 1,000 passengers a day, and ensuring their safety at all times.' Another recipient is housewife-turned-cabby Ng Chew Lan. The 43-year-old mother of two sons, aged 18 and 24, who became a cabby eight years ago, shares the same taxi as her husband. She works in the mornings while he takes the night shift. They meet when handing over, which, for Madam Ng, is a good thing. 'The time spent apart is good as it also means less time to quarrel,' she said with a laugh. The former housewife now receives compliments almost daily from her passengers and has earned praise for her patience even in ugly incidents. She said of the early days: 'I was a country bumpkin. As I seldom went out, I didn't even know the locations of many places.' So in her first year, she took to drawing out more than 50 street maps of different locations on mahjong paper for easy reference. Now, she zooms around Singapore with ease, but still keeps seven hand-drawn maps of areas unfamiliar to her, like Woodlands and Sengkang, tucked in her bag. 'The maps are very tattered now, but they have helped as I don't have to ask the passenger to tell me how to get to places,' she said. This is the second time the industry has been picked since the awards were first given out in 1996, because of the 'mettle' shown by its employees during the Sars outbreak, the National Trades Union Congress said yesterday. Compliments from passengers make her day. Formerly a housewife, model cabby Ng Chew Lan, 43, shares the taxi with her husband, who works the night shift. -- ABDUL AZIZ HUSSIN __________________ Majulah Singapura 前进吧，新加坡！Onward Singapore முன்னேறட்டும் சிங்கப்பூர் "My Settlement of Singapore continues to thrive most wonderfully - it is all and everything I could wish and, if no untimely fate awaits it, promises to become the Emporium and the pride of the East" - Sir Thomas Stamford Raffles, 10th September 1820

May 12th, 2004, 03:53 PM	#71
huaiwei The Monkey King Join Date: Jan 2003 Location: Singapore 新加坡 Singapura சிங்கப்&#2986 Posts: 11,897 Likes (Received): 0	Wakao.....3 shutdowns after a recent revamp? They should destroy the system! __________________ Majulah Singapura 前进吧，新加坡！Onward Singapore முன்னேறட்டும் சிங்கப்பூர் "My Settlement of Singapore continues to thrive most wonderfully - it is all and everything I could wish and, if no untimely fate awaits it, promises to become the Emporium and the pride of the East" - Sir Thomas Stamford Raffles, 10th September 1820

May 12th, 2004, 04:58 PM	#73
huaiwei The Monkey King Join Date: Jan 2003 Location: Singapore 新加坡 Singapura சிங்கப்&#2986 Posts: 11,897 Likes (Received): 0	Insecure....muahahah!!! I dont know man. Maybe they should destory it and replace if with the Sengkang system. Seems tonnes more reliable! __________________ Majulah Singapura 前进吧，新加坡！Onward Singapore முன்னேறட்டும் சிங்கப்பூர் "My Settlement of Singapore continues to thrive most wonderfully - it is all and everything I could wish and, if no untimely fate awaits it, promises to become the Emporium and the pride of the East" - Sir Thomas Stamford Raffles, 10th September 1820

May 5th, 2004, 10:05 PM	#64
heirloom Registered User Join Date: Nov 2002 Posts: 6,158 Likes (Received): 0	90 million is really a pittance if you compare to the initial building costs! what do they use the profits for? buying new trains?

May 6th, 2004, 01:07 AM	#66
heirloom Registered User Join Date: Nov 2002 Posts: 6,158 Likes (Received): 0	the sum the govt coughs up to build lor...

May 12th, 2004, 01:39 PM	#69
heirloom Registered User Join Date: Nov 2002 Posts: 6,158 Likes (Received): 0	hahaha... why bukit panjang lrt so lousy!

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