Singapore’s largest subway operator, SMRT Corp., has seen its shares languish and faced public criticism since a first major train breakdown in December 2011 kick-started a series of disruptions. SMRT will transfer S$991 million ($732 million) of assets to the regulator and focus on service quality under an overhaul announced last week, while major shareholder Temasek Holdings Pte is said to be considering a buyout of the company. By contrast, shares of ComfortDelGro Corp., the operator of Singapore’s largest taxi fleet and controlling shareholder of the main bus company, have more than doubled in the same period.
Photographer: Nicky Loh/Bloomberg
Cabs, Buses in Singapore Give Better Returns Than Trains: Chart
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