SMRT: signs MOU with China's BYD to discuss the possibility of establishing a JV to develop, distribute, and sell electric vehicles, including e-buses and electric taxi vehicles. Observers speculate that SMRT is ultimately planning to deploy electric vehicles as taxis...
When asked if the talks cld eventually result in the setting up of a distributorship for such vehicles, co commented that things are still in the early stages of discussion. Says move is part of the co's continued commitment to environmental sustainability.
The majority of Street has Hold ratings, with recent TP ranging btwn $1.80-2.22.
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