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SMRT Corporation

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SMRT Corporation
Company typePublic (SGX: S53)
IndustryPublic transport
Founded6 March 2000
HeadquartersSingapore
Key people
Desmond Kuek (President & CEO)
Koh Yong Guan (Chairman)
ProductsBus, Taxi and Rail Services
RevenueIncrease S$1,235.5 million SGD (FY2015)
Increase S$120.8 million SGD (FY2015)
Increase S$91.0 million SGD (FY2015)
Number of employees
7,482 (Sep '15)[1]
ParentTemasek Holdings Pte Ltd
WebsiteSMRT Corporation

SMRT Corporation (SGX: S53 ) is a public transport operator incorporated on March 6, 2000, as a result of an industry overhaul to form multi-modal public-transport operators in Singapore. It is the second-largest public-transport company in Singapore after ComfortDelGro. As a holding company listed on the Singapore Exchange since July 26, 2000, it operates bus, rail, taxi and other public-transport services via several wholly owned subsidiaries.

In addition, the Group leases commercial and advertising spaces within the transport network it operates and engages in operations and maintenance services, project management and engineering consultancy in Singapore and overseas.

In September 2016, 85% of minority shareholders (about 4,000) voted in favor of a buy-out offer by Temasek Holdings at $1.68/share which will result in delisting from the Singapore Exchange. All its train operating assets worth S$1 billion will also be sold to the government under the Land Transport Authority's new "Rail Financing Framework" (NRFF).[2] Being asset light will allow SMRT to focus on the operational reliability of the public transport system and its business ventures overseas.[3]

Subsidiaries

Source: SMRT Corporation Ltd Annual Report 2014[4]

Associated company

Source: SMRT Corporation Ltd Annual Report 2014[4]

Branch office

Source: SMRT Corporation Ltd Annual Report 2014[4]

Operations

SMRT's primary business is providing public-transport services in Singapore, with operations in the following (as of 2015):

From 1 October 2016, Land Transport Authority assumes all the current assets from SMRT under a new rail financing framework that allows the company to focus on its operational reliability.

Key operating statistics (2003 till 2013)

Monthly ridership for bus and rail

Month 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Bus Rail Bus Rail Bus Rail Bus Rail Bus Rail Bus Rail Bus Rail Bus Rail Bus Rail Bus Rail Bus Rail
January 23,507 34,178,416 22,963 33,165,048 23,227 34,483,105 22,210 33,978,256 23,579 37,339,394 25,094 41,931,556 24,213 41,227,355 25,773 46,945,263 27,652 53,016,676 27,661 54,729,665 29,984 55,511,127
February 20,451 29,135,532 22,055 31,784,715 20,406 29,978,170 21,040 32,330,471 20,657 32,896,766 22,427 37,471,745 22,692 39,407,717 22,681 41,152,773 24,006 45,510,277 27,210 55,173,716 25,692 51,813,875
March 22,546 32,925,189 23,512 34,314,370 23,164 35,126,645 23,257 36,366,764 23,612 38,579,693 23,885 41,285,892 24,282 43,953,761 25,818 48,081,833 27,517 53,785,116 28,392 58,586,340 28,792 59,431,859
April 19,388 27,458,106 22,760 32,196,436 22,338 33,059,172 22,197 33,860,661 22,586 35,985,951 24,186 41,072,492 23,587 41,999,608 25,328 47,034,300 26,978 51,414,494 27,670 55,342,333 29,992 58,522,154
May 21,922 29,889,839 23,025 33,530,425 22,324 33,796,403 23,237 36,012,048 23,535 38,532,342 24,331 41,964,448 24,516 43,024,742 25,942 49,320,732 27,499 52,637,969 28,755 58,176,870 29,635 59,654,244
June 21,071 31,826,285 20,908 32,609,572 21,154 34,115,079 21,094 34,965,071 21,647 37,582,966 22,647 41,273,623 22,789 42,933,447 23,957 48,228,573 25,530 52,022,824 26,431 55,799,024 26,509 56,609,484
July 23,196 34,541,283 23,866 34,916,918 22,948 35,614,229 23,636 36,905,609 24,045 39,665,489 25,643 44,938,982 25,342 45,954,296 27,284 52,402,930 28,544 55,845,208 29,383 59,676,281 30,629 62,392,177
August 23,190 34,129,579 23,261 34,198,512 22,961 35,456,777 23,678 37,353,037 23,791 39,587,277 24,937 44,207,819 24,683 44,931,974 26,354 50,956,699 27,742 54,209,327 28,928 58,968,447 30,097 60,938,969
September 22,126 33,253,795 22,421 33,240,234 22,040 34,071,467 22,425 36,006,858 22,496 37,591,642 23,788 42,890,883 23,714 44,097,931 25,836 49,725,795 26,917 53,636,889 27,571 56,964,045 28,607 58,860,850
October 22,727 33,428,440 22,863 33,610,216 22,477 34,478,588 22,800 36,284,768 23,748 40,054,511 24,802 43,653,768 25,225 45,792,025 26,876 51,311,532 27,532 55,213,665 28,784 58,991,709 30,030 60,509,241
November 20,933 32,317,852 21,228 32,847,314 21,250 33,909,654 22,065 36,600,989 22,079 38,961,082 23,186 42,729,341 23,372 44,277,327 25,137 49,540,511 26,122 54,902,720 27,028 57,474,268 28,479 58,574,073
December 21,472 35,348,298 21,601 35,851,490 21,331 36,592,773 21,439 38,062,826 21,987 40,641,704 22,868 43,357,506 23,426 47,251,836 25,342 53,030,746 26,226 55,982,718 26,522 57,837,250 30,000 60,000,000
Total 262,529 388,432,614 270,463 400,265,250 265,620 410,682,062 269,078 428,727,358 273,762 457,418,817 287,794 506,778,055 287,841 524,959,766 306,328 587,731,687 322,265 638,177,883 326,400 654,400,000 335,400 690,000,000

Notes

  • The numbers highlighted in bold have the most ridership in the month of the year for each type.
  • The monthly total MRT ridership from May 2009 onwards includes ridership from Circle Line.

Board of Directors

  • Koh Yong Guan - Chairman
  • Desmond Kuek - President And Group CEO Of SMRT Corporation Ltd
  • Patrick Ang Peng Koon
  • Lee Seow Hiang
  • Moliah Hashim
  • Bob Tan Beng Hai
  • Peter Tan Boon Heng
  • Tan Ek Kia
  • Yap Chee Meng
  • Yap Kim Wah
Wikimedia Commons has media related to SMRT Corporation.

References

  1. ^ "SMRT Corporation Ltd. (SGX:S53)". Retrieved 28 April 2015.
  2. ^ "Shareholders approve Temasek buyout of Singapore rail operator". Reuters. 2016-09-30.
  3. ^ "Shareholders say yes to SMRT privatisation". Asiaone. 2016-09-30.
  4. ^ a b c "SMRT Corporation Ltd Annual Report 2014" (PDF). SMRT Corporation. Retrieved 28 April 2015.
  5. ^ "SMRT Bus Fleet". SMRT Corporation. Retrieved 28 April 2015.
  6. ^ "Statistics (Operations)". SMRT Corporation. Retrieved 28 April 2015.
  7. ^ "Statistics (Operations)". SMRT Corporation. Retrieved 28 April 2015.
  8. ^ "SMRT Taxi Fleet". SMRT Corporation. Retrieved 28 April 2015.
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