Shares & Derivatives
Consolidation in listed transport stocks
By Singapore Stocks Investing (SSI)  •  December 5, 2015
Yesterday, I blogged how SMRT stock could be a stock which investors could invested next. Today, SMRT stock rallied by more than 5%! Well it may be satisfying to me to think that SMRT stock rallied because of my blog post yesterday, well, its not. The rally of more than 5% in each SMRT and SBS Transit came about from hints today that the government may need to take over the railway transport in the future. Today, SMRT, SBS Transit, LTA and PUB signed an agreement on the sharing of expertise. It was also reported that LTA would be gearing up its engineering capability in railway work. All these, I believe is to set the path forward for the taking over of train and perhaps bus services too by the government in the future.Here, I must say that year 2015 is a year of consolidation for listed transport stocks. ......
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By Singapore Stocks Investing (SSI)
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