SBS Transit

Government relief buoys SBS Transit's 3Q21 profits - THE EDGE SINGAPORE

Results

Government relief buoys SBS Transit's 3Q21 profits

3QFY2021 operating profit came in at $0.17m before government relief.
SBS Transit rolls on with overall sector win; Penguin International leads in shareholders’ returns - THE EDGE SINGAPORE

Billion Dollar Club 2021

SBS Transit rolls on with overall sector win; Penguin International leads in shareholders’ returns

In addition, SBS Transit won for the fastest earnings growth and for the best weighted ROE as well.
DBS starts SBS Transit at 'hold' on 'fair' valuation at current prices - THE EDGE SINGAPORE

Broker's Calls

DBS starts SBS Transit at 'hold' on 'fair' valuation at current prices

The analysts have pegged a TP of $3.44, which implies a 13% upside to the counter’s market price of $3.03 at close on Sept 1.
CGS-CIMB sees 'bumpy road to recovery' for SBS Transit - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB sees 'bumpy road to recovery' for SBS Transit

Despite a strong showing in 1Q21, analysts from CGS-CIMB have lowered their target price on SBS. Find out more.
ComfortDelGro, SBS Transit and Vicom set up board sustainability committees  - THE EDGE SINGAPORE

Management & Corporate Governance

ComfortDelGro, SBS Transit and Vicom set up board sustainability committees

CGD says the move underscores the group's commitment towards ESG issues and performance.
SBS Transit appoints Bob Tan as new chairman - THE EDGE SINGAPORE

New appointments

SBS Transit appoints Bob Tan as new chairman

Tan previously served on the SMRT board from 2006 to 2017.
SBS Transit Chairman Lim Jit Poh to retire after 18 years, will remain as senior advisor - THE EDGE SINGAPORE

Transport

SBS Transit Chairman Lim Jit Poh to retire after 18 years, will remain as senior advisor

He will remain as senior advisor of the company following the AGM on Apr 29.
Review of financing framework for DTL a potential catalyst for SBS Transit: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Review of financing framework for DTL a potential catalyst for SBS Transit: CGS-CIMB

Under the current framework, SBS pays a fixed license fee to operate DTL and bears fare revenue risk.

New appointments

SBS appoints Cheng Siak Kian as new CEO

Cheng was previously acting CEO since March 1, 2020.
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