<div class=newsTextDataWrapInner><p>SINGAPORE (Oct 29): OCBC has cut SMRT Corp. to “hold” on “valuation grounds” and reduces its fair value estimate on the Singapore public transport operator to $1.43 from $1.45.</p></div>

<div class=newsTextDataWrapInner><p>OCBC notes that the company reported growth across all its business segments except engineering services and revenue rose 4.7% on-year to $328.8 million in its fiscal second quarter.</p></div>

<div class=newsTextDataWrapInner><p>OCBC says it expects “maintenance-related expenses, including related staff and depreciation costs, to be a drag on SMRT's earnings, at least for the next three years.”</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company has said its rail maintenance-related expenses are expected to reach 50% of rail revenue by the fourth quarter, from 41% in the latest reported quarter.</p></div>

<div class=newsTextDataWrapInner><p>OCBC says its downgrade follows the recent rise in SMRT's shares.</p></div>

<div class=newsTextDataWrapInner><p>SMRT is up 2.02% at $1.515 while the Straits Times Index is down 0.5%.</p></div>


SINGAPORE (Oct 29): OCBC has cut SMRT Corp. to “hold” on “valuation grounds” and reduces its fair value estimate on the Singapore public transport operator to $1.43 from $1.45.

OCBC notes that the company reported growth across all its business segments except engineering services and r...

SMRT cut to ‘hold’ by OCBC with lower $1.43 fair value on valuation grounds

Billionaire Elon Musk promised on Saturday to give away US$1 million (RM4.3 million) each day until November's election to someone who signs his online petition supporting the US Constitution.

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(Oct 20): Elliott Investment Management and Southwest Airlines Co have begun discussing a potential settlement that would avoid a proxy fight for control of the airline’s board, according to people familiar with the matter.

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Click here for all you need to know ...

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KUALA LUMPUR (Oct 19): Kuala Lumpur City Hall (DBKL) will utilise the RM10 million allocated in Budget 2025 to carry out an underground utility mapping study in the federal capital’s golden triangle, said Kuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif.

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<p><strong>Click&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://theedgemalaysia.com/budget/2025/&amp;source=gmail&amp;ust=1729227756981000&amp;usg=AOvVaw032F6PlMN--BgJeCzx0DUP" href="https://theedgemalaysia.com/budget/2025/" target="_blank">here</a>&nbsp;for all you need to know ...

<p>Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.</p>


<p>With its strategic location and good accessibility, the real estate market in northern Sepang is experiencing significant growth, presenting an opportunity for both investors and homebuyers, thanks to improved transportation links and its proximity to employment centres in KLIA, Cyberjaya and Putrajaya.</p>


<p>Asia’s stock markets are gearing up for their busiest week of listings in more than two years, offering a crucial test of demand as companies rush to raise money before the US election.</p>


<p>Malaysia’s palm oil industry chalked up mixed performance in the first eight months of the year, marked by higher prices and output, plus a notable yield improvement.</p>


<p>Billionaire Elon Musk promised on Saturday to give away US$1 million (RM4.3 million) each day until November's election to someone who signs his online petition supporting the US Constitution.</p>


<p>Life’s a cinch, so the saying goes. It might surprise everyone, though, that the renowned landscape artist Inch Lim started working with gardens only at the age of 46. Today, with Inchscape firmly established, he turns his attention to the possibility of converting his celebrated country estate in Batu Pahat, Johor, into an eco-conscious retreat.</p>


<p>Republican Donald Trump escalated his verbal attacks on Democrat Kamala Harris on Saturday as the vice president turned to celebrities to generate enthusiasm for her campaign, with both candidates for US president courting early voters.</p>


<p>(Oct 20): Elliott Investment Management and Southwest Airlines Co have begun discussing a potential settlement that would avoid a proxy fight for control of the airline’s board, according to people familiar with the matter.</p>

<p>Elliott has proposed a framework that would give it representat...