Investors should seriously consider selling their SMRT shares.
There has been another serious of breach of security at a train depot. This after security was supposedly tightened after last yr’s break-in that went undetected for days. This time the break-in was detected within hours. Even so the vadalised train was on the tracks before being recalled.
SMRT (and commuters) have been lucky twice. The break-ins resulted only in vandalism. But will this luck hold?
We have been told that Muslim terrorists have targeted S’pore because it is a friend of the West. So SMRT (and commuters) could be the victims of a bomb blast if SMRT continues being unconcerned with security.
If commuters are killed in a bomb blast resulting from explosives being planted in a carriage after a break-in at a depot, SMRT will be sued for tens of millions. And fined tens of millions by the government.
So selling yr SMRT shares now, may be a gd idea.