SMRT Shares Surges on Hopes of Rail System Reform

SMRT Trains

SMRT shares surged to a day high of S$1.575 on Friday, 4th December 2015 after our transport minister Mr Khaw Boon Wan spoke about integrating the roles of the Land Transport Authority (LTA), which currently designs and builds the rail system, and the rail operators that maintain the system.

If you have been following up on discussions related to the rail reform framework, if the policy or deal goes through, the government will take over SMRT’s rail assets. This will turn SMRT into a pure operator which means that SMRT will no longer have to fund the rail CAPEX. Read More