To The Moon

$SBS TRANSIT LTD(S61.SI)$Coming dividend of S$0.0545 Ex-Date is on 17 Aug 22 Payment Date is on 25 Aug 22. The total revenue and cash flow has been increasing since the first quarter of 2021. SBS TRANSIT’s results for half-year ended 30 June 2022 is as follow: • Revenue for the first six months increased by 14.3% to $732.4 million as a result of higher rail ridership and higher service fees. • Group operating costs increased by 14.4% to $689.4 million due to higher manpower costs and higher fuel and electricity costs resulting from the Russian-Ukraine war. • Underlying Group operating profit increased to $43.0 million, up from $3.6 million (excluding Government reliefs of $34.6 million) recorded in the first-half of 2021. • Net profit attributable to Shareholders decreased by 5% to $34.6 million due to an increase in tax paid. • An interim dividend of 5.45 cents has been declared. The rail ridership has been increasing as more workers return to the workplace with the gradual easing of COVID- 19. The ridership still has not recover to pre-COVID- 19 levels due to hybrid work. The Group will continue to face rising costs with global inflationary pressures expected. Manpower cost is expected to be higher with increased wages in a tight labour market coupled with the absence of the Government’s Job Support Scheme. The elevated energy prices, which have almost doubled in the first-half of the year, are expected to continue to add to the cost pressures. The company plans to pay an interim dividend of 5.45 cents per share, representing a payout ratio of 49.1%. $SBS TRANSIT LTD(S61.SI)$ share price has been trending upward from 10 Aug 22 after the earning report announcement and closed at $2.88 on 12 Aug 22.