SINGAPORE (July 19): UOB Kay Hian has maintained a hold recommendation on the stock, with a raised target price of $1.60, from $1.48 before, after the Land Transport Authority (LTA) announced on Friday that it would purchase all of SMRT’s rail assets under the new rail financing framework (NRFF).

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply