SMRT reported strong ridership numbers for February 2008. Ridership grew 14% YoY. Sequentially ridership was down 10% from January mainly on the back of seasonality.
Although, many analysts have recently lowered SSH’s fair value price ranging from $0.43 to $0.54, due to increased volatility and poor market sentiment, we still believe that SSH will perform even better going forward.
SYNOPSIS: 4Q07 was affected by sudden decline in OA orders and slow keypad sales but Mechatronics division performed better than expected. FV lowered to S$0.62. Maintain our long term BUY recommendation.
It was reported that more than 900,000 homes have been reported to being unable to service their monthly mortgages while another 300,000 or so have been late in making mortgage payments.
The power-packed event comprised around 60 exhibition booths, showcasing some of the interesting and useful investment-related products and services from various players in the colourful world of finance.
Recently, a newspaper reported about men and women being fascinated with metal accessories. It showed that more people purchase these accessories to showcase their very own style and are not afraid to flaunt them.
At times like these - when investors shun the stock market and analysts begin to issue a string of ‘downgrade’ calls - it is rather disheartening to look at the stock screen where a sea of red greets you nearly every morning.
The selling was due to the bad result for Prime Minister Abdullah Badawi, who secured a good victory just four years ago, only to be faced with such a slim victory. Now that the opposition has secured Penang, will it result in another racial riot like the one in 1969?
