There was once upon a time when SMRT stock was a favorite blue-chip stock which dished out a decent 4% dividends yield to investors. As of recent years, SMRT stock price has gone south gradually in line with discontentment with MRT services until a few years ago when former Chief of Defence and former Permanent Secretary Desmond was hired to the top post of SMRT and he has helped turned around the company, restoring investors’ confidence in the stock till the stock price has made steady advances once again. I have learnt that about 90% of SMRT’s revenues come from its non-train businesses, e.g. its retail businesses and hence I believe investors who are “long” in this stock are believers in what I call the “new frontiers” of SMRT which are as diverse a mix in retail (think Kallang Wave mall) and in telecoms (think SMRT’s partnership with OMGTEL ......