FIIM - Assignment 2 Final (SMRT)
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Transcript of FIIM - Assignment 2 Final (SMRT)
SMRT Corporation Ltd (SMRT) is the
leading multi-modal public transport
operator in Singapore.
SMRT also markets and leases the
commercial and media spaces within its
transport network, and offers engineering
consultancy and project management as
well as operations and maintenance
services, locally and internationally.
55%
1%
19%
12%
8%3%2%
Trains
LRT
Bus
Taxis
Rental
Advertising
Engineering
Group Revenue
•Increased 4.0% to $1,163.9 million in FY2014 compared to FY2013
Operating profit
•Decreased by $26.0 million or 23.6% in FY2014 resulting from a $60.7 million decline in Rail operating profit
Cash balance
•Of $155.5 million compared to $546.3 million at the start of the year
Total dividend
•In FY2014 is2.2 cents per share
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What triggered this?
Late 2006
• Announce the enhancement of first-generation
SMRT trains
• Citibank-SMRT co-branding (travel rewards
programme)
Early 2007
• Growing rental revenue due to redevelopment
of retail space at MRT stations (e.g. Dhoby
Xchange)
• Increased revenue of 2.7%
• Higher ridership in MRT and bus services
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What triggered this?
• Strong fundamentals
• Increased ridership
• Averaged hired-out rate from
79%-90%
• Forward-looking strategies
• Early travel perks
• 112 additional train trips per week
• Cashless payment
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What triggered this?
• 20.7% drop in net profit
• 24.6% fall from train operations due to
opening the Circle Line
• 162.2% decline from bus operation
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What triggered this?
• Man Jumped into Tanah
Merah MRT Station
• CEO’s response to netizens’
complain of crowded MRTs
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• Grand supercycle: multi-century
• Supercycle: multi-decade (about 40–70
years)
• Cycle: one year to several years (or even
several decades under an Elliott
Extension)
• Primary: a few months to a couple of years
• Intermediate: weeks to months
• Minor: weeks
• Minute: days
• Minuette: hours
• Subminuette: minutes
