[stephenkhoo]

I have no comments as this is SMRT which is a listed organization structurally run and capitalized by the GLC state own company Temasek. Their key objective is to be competitive and give the best returns for to their shareholders. In this new world economy government and regulatory are tied down by market driven forces so I doubt any echo for the CEO or government to put a strong footing will happen. Much like the recently case when an SIA plane from Jakarta had to circle and fly to KL to refuel before heading back to SG to land 4 hours delayed. Part of capitalism is class division so if you are elite you get the best of breed services and efficiency otherwise you fall into the bell curve like everyone else diluted in service and accountability.

Other than quickly fixing the issues and increasing the frequency of trains they will not risk investing due to this recent spate of breakdowns.

My feel is everyone including analyst is waiting for more clear indications from market results job data and clarity of Europe debt situation. As in 2009 the US FED used stressed test instrument to provide confidence to banks maybe ECB will come up with a new market valuation formula to rate the debt exposures.