Discovery Bay ferry firm seeks 60% fare hike to HK$73.6 for a single, amid years of taxpayer bailouts, subsidies
https://us/Hong Kong Free Press HKFP/com.hongkongfp.com/2024/03/25/discovery-bay-ferry-firm-seeks-60-fare-hike-to-hk73-6-for-a-single-amid-years-of-taxpayer-bailouts-subsidies/
BY Hong Kong Free Press HKFP
The Singapore stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had added more than a dozen points or 0.4 percent. The Straits Times Index now sits just above the 3,060-point plateau and it's likely to see a narrow trading range on Monday.
However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
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