SMRT’s Philippines venture a positive step

PETALING JAYA: SMRT Holdings Bhd’s foray into the Philippines to deploy managed automated teller machine (ATM) infrastructure solutions positions it to capitalise on the growing number of ATMs in the region.

Hong Leong Investment Bank (HLIB) Research said the venture could be a stepping-stone for SMRT to establish a track record in the Philippines and subsequently expand into its core utility sector.