Bumpy ride ahead for the land transportation sector

OCBC Investment Research says difficulties will remain as beneficial effects from fare revisions will not be felt this year.

Here’s more from OCBC Investment Research:

For the month of May, the defensive nature of the two public transport operators (PTOs), Comfort Delgro (CD) and SMRT, has limited their losses against a backdrop of worsening equity market performance.

Although this market pull-back has resulted in lower fuel prices and provided a temporary relief for the PTOs, any upside potential remains limited at this juncture. We expect greater fuel consumption and increasing staff costs to negate any potential fuel cost savings resulting from the dip in fuel costs.

Furthermore, no fare adjustments are expected for the year, which will cause the trend of declining average fares to persist further. While a fare review committee has been announced by the government, any beneficial effects from revisions will only be felt in 2H2013.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia