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Today we are going to look at SBS Transit Ltd (SGX:S61) to see whether it might be an attractive investment prospect...
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SBS Transit Ltd (abbreviation: SBS or SBST) is a multi-modal public transport operator in Singapore operating bus and rail services. With a majority of its shares owned by Singaporean multinational transport conglomerate ComfortDelGro Corporation at 75%, it was formerly known as Singapore Bus Services before rebranding to SBS Transit on 1 November 2001.
ComfortDelGro owns 75% of SBS Transit, which is listed separately on the Singapore Exchange. SBS Transit is a leading bus and rail operator in Singapore. Every day, it carries more than three million passengers on its extensive bus and rail network. [22] SBS Transit operates about 250 bus services with a fleet of more than 3,200 buses.
The TBI only serves public bus routes operated by all of the four local bus operators — SBS Transit Ltd, SMRT Buses Ltd, Tower Transit Singapore Pte Ltd and Go-Ahead Singapore Pte Ltd. It is a high-frequency interchange, with buses on each route departing every 5 to 15 mins depending on the demand.
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SMRT Corporation is a multi-modal public transport operator in Singapore operating bus and rail services. A subsidiary of the Government of Singapore's Temasek Holdings, it was established on 6 August 1987 and listed on the Singapore Exchange from 26 July 2000 until 31 October 2016.
SBS Transit took over the services in the bus package in three tranches in March 2018, as SBS Transit was already operating about half of the bus services. In December 2024, in preparation for the closure of Ang Mo Kio Bus Depot, garaging of several bus services were shifted over to Seletar Bus Depot, and SMRT Buses ended its tenancy at Seletar ...