Sheng Siong *Official* (SGX: OV8)

[Wood41]

Bought into this again when it LS earlier.

 

[Tornesoul]

wow down 5%, amazon primenow?

 

[madtari]

It's really amazing how amazon can cause SS to drop so much! Will ppl really go online to get their grocery? Majority will still prefer to touch n see to ensure freshness isn't it?

 

[lsm_83]

Maybe someone trying to short the price down and collect.

Still vested in this counter

 

[ravenintiate]

your fresh food maybe, what about frozen/canned food, beverages , detergent, toilets paper all those. those are so bulky , personally i rather get them delivered

 

[Wood41]

Amazon is here !
Tiagong it is the end of Fairprice / Giant / Cold
Storage / Courts / Harvey Norman .
CMT & CCT tiagong also will not be spared .

 

[Jasongan]

sheng shiong reported 6.3% profit today

 

[Layers]

sheng shiong reported 6.3% profit today

dividend drop. Ppl not happy

Sent from Sony E6853 using GAGT

 

[raidorz]

dividend drop. Ppl not happy

Sent from Sony E6853 using GAGT

If they kept the profits to invest in something that'll give them an edge over the other retailers, I wouldn't mind the momentary drop in dividends.

 

[Squaredot]

dividend drop. Ppl not happy

Sent from Sony E6853 using GAGT

Further fall today?

 

[blu_black]

It's really amazing how amazon can cause SS to drop so much! Will ppl really go online to get their grocery? Majority will still prefer to touch n see to ensure freshness isn't it?

Amazon is here !
Tiagong it is the end of Fairprice / Giant / Cold
Storage / Courts / Harvey Norman .
CMT & CCT tiagong also will not be spared .

amazon just started, should just be waiting for hard data.

 

[lsm_83]

Physical store is here to stay at least 30 years as our pioneer generation are mostly not savvy in using smart phone or online to buy product.

Still vested in this counter.

 

[Wood41]

Just walking around SS stores would do.

amazon just started, should just be waiting for hard data.

 

[raidorz]

http://www.channelnewsasia.com/news...for-second-day-after-launch-9072196?cid=fbcna

 

[Dividends Warrior]

http://www.channelnewsasia.com/news...for-second-day-after-launch-9072196?cid=fbcna

They also tio the 'SMRT syndrome'

 

[winorlose]

It's really amazing how amazon can cause SS to drop so much! Will ppl really go online to get their grocery? Majority will still prefer to touch n see to ensure freshness isn't it?

Yes n yes n yes

Redmart can order ice cream also mai sua ku

Got even discount coupons for immediate rebate

 

[madtari]

I think your comprehension got some issue... not sure from which statement of mine did you referenced to for saying I'm sua ku.

I was asking if ppl will prefer buying groceries like veggie n fruits from online or still prefer to go pick n choose from physical store...

Your "yes, yes & yes" doesn't make sense too... 2nd and 3rd yes to my qns is basically contradicting.

Yes n yes n yes

Redmart can order ice cream also mai sua ku

Got even discount coupons for immediate rebate

 

[kopicgao]

SS's selling point is that they are like mini mart or mama shops. Their vegetables can be purchased by quantities, no need to buy in prepacked packs. Can also just buy 1 aussie potato, 3 cloves of garlic, 1/4 lotus root, 2 pcs of ladyfingers, etc Customers can also handpick these vegetables as well.
They also sell uncommon brands which most supermarket do not sell eg. asian spices and condiments in mini packs, dried goods, rice, small tofu (which is sedap) and european salad dressings. The prepacked fresh salmon is fresher than NTUC. The only problem is their leafy vegetables do look sad so NTUC is the option. Some basic items are substantially cheaper than NTUC, CS, Giant and redmart (eg. rice, kitchen towels).

Cold storage is good for uk and european products and household cleaning ranges, but always need to check the expiry dates for all their products and quite a number of products are also expensive by min. 40 cents.

Non-vegs/fruuts and heavy/bulky items best buy from online retailers, eg. Redmart gives good discount and delivery is very punctual. Delivery during non peak period gives an extra $1 discount.

Honestbee best for buying refrigerated and chilled products as you can indicate the preferred expiration period for them. It also have delivery slots within a few hours.

Till now customers still have to buy from different sources. But i think Sheng Siong has its unique selling model which other supermarkets and online stores cant emulate for now.

I dont own SS stock though but i have a soft spot for sheng siong for the above reasons and the management treats their empolyees well from the articles and by word of mouth.

 

[Squaredot]

Just walking around SS stores would do.

There is small SS store near my place at Dawson. Not as crowded as ntuc nearby but can say also enjoy good biz as population here increase rapidly.
The SS store over at Commonwealth MRT is as crowded as most ntuc. But may be change when manu old HDB there gone

 

[Squaredot]

Amazon is here !
Tiagong it is the end of Fairprice / Giant / Cold
Storage / Courts / Harvey Norman .
CMT & CCT tiagong also will not be spared .

Why CMT CCT kena?