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Brokers' take
Published Wed, Jun 8, 2016 · 09:50 PM
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Land Transport Sector | Neutral
OCBC Investment Research, June 8
Land Transport Authority (LTA) yesterday put up the third bus package in Seletar for tender, which consists of around 420 buses and is expected to grow to around 500 buses in 2023.
We note that the commencement date is delayed from H2 2016 to H1 2018, and will be carried out in two tranches.
However, we still expect a punctual …
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