SMRT

[CityFarmer]

yup but Genting is neither quasi-govt with a public mission nor 10% ROA ie it needs to have more assets to generate those profits.

Agree with DFI. Sheng Siong is impressive as well, but they are not in the same sector. Vicom is a great example of being in the same sector but benefits differently. I'm not so sure of Boustead sustainability.

Nonetheless through your quick job do you think 10% ROA is rare in the transport/ Industrial sector, or you think it is equitable for SMRT to get 10% ROA vs the industry?

ROA of 10% is respectable, but not excessive as a duopoly company. This even so after factor in the regulating restrictions in pricing and operation. Furthermore SMRT accounted asset is only operating asset, while non-operating assets are owned by LTA. Both operating and non-operating assets are essential for operation.