Buy @ $1.615
A new addition to my portfolio. Am not deterred by their not winning the LTA Bus Route Tender. The positives will be $$ from LTA to pay for the Bus assets (ought to be above Book Value) for the routes they'd lost. For this tender, of the Bus Interchanges which the buses will operate from, Bukit Batok is SMRT territory whereas Clementi & JE is under SBS ….
The just released results show improved EPS (mainly from Advertising & Rental) and Div, altho' still far away from the good ol' days of 4-5% Yield & PE <20… Now only 2% Yield & PE 26.9…:D