Ooops, then my bad.
Also 1 interesting observation from SMRT is that 67M of its 127M profit for previous FY came from rentals. Does that mean SMRT profitability till 2016/17 will be susceptible to the commercial rental market cycle? The rental segment carries a OPM of 75.8%. This is because its train operations profitability is set to decline in the near term
Also 1 interesting observation from SMRT is that 67M of its 127M profit for previous FY came from rentals. Does that mean SMRT profitability till 2016/17 will be susceptible to the commercial rental market cycle? The rental segment carries a OPM of 75.8%. This is because its train operations profitability is set to decline in the near term