Wolf Money(SBS Transit Q3 FY2023 update)

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(Credit: SBS Transit)

SBS Transit Q3 update shows a 4.7% increase in profit. The numbers were helped by interest income generated from their cash pile. Cash balance went up another 25m to around $370m or $1.18 net cash per share, which made up 47% of their market capitalisation even after accounting for 17m dividend paid in August. October train ridership for DTL,NEL and LRT had reached 97.5% of pre covid. No dividend was declared for current quarter. God bless.

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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.


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