SMRT shares jump to 11-month high

SMRT Corp shares revved up to the highest in 11 months after it jumped 14.5 cents or 11 per cent to $1.475 yesterday.

This is the second time since April that the counter has spiked sharply, which analysts had by and large earlier dismissed as speculative hype.

But the surge this time, they say, may be premised on an imminent industry shake up or policy changes in the public transportation space which could benefit transport operators.

Last month, SMRT, the largest rail operator, submitted a detailed proposal to th…