Showing posts with label SMRT. Show all posts
Showing posts with label SMRT. Show all posts
Saturday, January 18, 2014
SMRT still not sustainable
During this fare hike, after fund to needy people, real adjustment is only 2.5%, even below inflation.
Friday, November 29, 2013
SMRT seems revenue can't match cost increase, TP $0.80
Over the past 5-years OPEX has grown at 10% cagr versus revenue at 5%. A fare revision which allows average fares to grow 10% (to meet OPEX growth) given that population growth is 50% slower is an impossibility in our mind. Margin pressure will continue.
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