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Wednesday, August 10, 2022

SBS Transit

 1st half results is out! 

Ridership has increased substantially and operating profits increased 12.6% to 43m.



Interim dividend of 5.45 cents has Ben declared,  swee!

Pls dyodd. 



 Chart wise, hovering near major support at 2.80. Yield is about 2.89% base on estimated dividend of 8.2 cents. 




Ridership seems to have improved and hopefully can boost their rev and net income! Operating costs also high due to higher fuels costs. 

Is dividend payout can rise back to 12 cents, yield of 4.2% would be  nice.

Pls dyodd. 



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