Sheng Siong *Official* (SGX: OV8)

[Wood41]

No huat today .

Proposed Final dividend 1.85c

 

[foo9883]

Still holding avg $1.025 ):

 

[Mr.Canberra]

Sheng Siong Group Ltd (OV8.SI)

if u hold short.. of course lose la.. this one got value long term

This counter I have confidence because I see it with my eyes every day. Consistent daily cash earnings with clientele from all walks of life.

A buy and hold counter for long term value. And less hype too.

 

[blu_black]

Why chiong ah?

 

[SeVenn]

Why chiong ah?

Less competition from smaller players seen in recent site bidding maybe?

 

[Genosis]

C'mon Sheng Siong!!! Smash thru the $1 mark!!!

 

[Fish_I_Am]

Glad i boarded this boat again after letting go previously

 

[Eraval]

Still holding avg $1.025 ):

?? Why worry?? Unless cashflow got problem, this is a super long term stock I think, I go in at 0.7xx and never left, let go some to take profits but the rest I think can hold until I retire liao

Every year take dividends then go see people go their supermarket, no fear la

 

[exterminazn]

I boarded at previous high at 1.05 and nvr look back since

 

[Aventad0r]

C'mon Sheng Siong!!! Smash thru the $1 mark!!!

LONG TIME NEVER SEE DK LIAO

 

[Shion]

Sheng Siong 1Q earnings up 4.4% to $17.1 mil on higher revenue from new stores

Sheng Siong 1Q earnings up 4.4% to $17.1 mil on higher revenue from new stores

http://www.theedgemarkets.com.sg/sheng-siong-1q-earnings-44-171-mil-higher-revenue-new-stores

SINGAPORE (April 28): Supermarket chain Sheng Siong Group posted earnings of $17.1 million for the first quarter ended March 31, rising 4.4% from $16.4 million a year ago.

This was mainly due to higher revenue from new stores, partially offset by lower other income and higher operating expenses.

Revenue grew 4.1% to $217.1 million in 1Q17, from $208.5 million a year ago.

This was mainly due to revenue contribution by Sheng Siong’s new stores, but partially offset by its Loyang store and flattish comparable same store sales, which lowered revenue growth by 2.1 percentage points.

In a filing to SGX on Friday, Sheng Siong says comparable same store sale was lower due to lacklustre demand and contraction in footfall in stores located in areas affected by the slowdown in the oil and gas industry.

In addition, its store at Block 506 Tampines was affected by ongoing renovation and its Woodlands store was affected by residents moving out due to the date of closure drawing near.

Looking ahead, Sheng Siong says it will continue to nurture the growth of the new stores, rejuvenate the old stores, and build on the lessons learnt from its e-commerce pilot project.

“We will remain focused on our retail network expansion plan across Singapore, especially in areas where we do not have a presence. Besides that, one of our key strategies includes nurturing the growth of the new stores,” says Sheng Siong Group CEO Lim Hock Chee.

The group has increased its number of outlets to 43 as at 1Q17, from 39 outlets a year ago.

Cash and cash equivalents stood at $68.3 million as at March 31, 2017.

Shares of Sheng Siong closed flat at 98 cents on Friday.

 

[Opps-gal]

Boat going off again?

 

[ufoate]

strong feeling boat taking off... plus dividends just round the corner.

 

[Gambler.]

finally break $1

 

[exterminazn]

Knn this counter in my freeze, now then move!

 

[Average]

wont move far... back to basics, do u expect high growth over next few quarters?

Sent from 好心人 using GAGT

 

[Average]

any updates on its chinese biz ah?

Sent from 好心人 using GAGT

 

[chowck]

Bet SS & DFI, think prefer the latter. SS too exp & small compared to DFI. Just my opinion.

 

[Layers]

why LS today?

 

[winorlose]

http://www.straitstimes.com/singapo...-prime-now-fast-delivery-service-in-singapore


Amazon Prime Now’s delivery of groceries including chilled beer and fresh produce will also pit it against online grocer RedMart, which was acquired by Lazada in November last year (2016).