SBS, SMRT Shares Jump After Minister Comments on Singapore Rail
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SBS Transit Ltd. rose to its highest level in more than four years, leading gains of two train companies in Singapore, after the nation’s transport minister suggested the regulator should also oversee train operators’ assets.
SBS gained as much as 9.4 percent to S$2.10, its highest intraday price since February 2011, and was up 6.8 percent to S$2.05 as of 10:53 a.m. SMRT Corp., the city-state’s largest train operator, rose as much as 6.4 percent.