Back

Latest Forum Topics / Sheng Siong    Last:3.04    -0.04

Post Reply

Sheng Siong Post Reply Rate topic
Wind22i Supreme	14-Dec-2016 22:06        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sheng siong is overpriced
Useful To Me  Not Useful To Me
spore1 Supreme	14-Dec-2016 22:04        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Flip flop their view again. push up so much . Beware of the dw side n3wbie      ( Date: 14-Dec-2016 20:57) Posted: Maybank KE downgraded Sheng Siong to " Sell" in their report last evening with a TP of S$0.88. Competition & execution risks on the rise We downgrade Sheng Siong to SELL from HOLD with a blended DCF/PE target price of SGD0.88 (from SGD1.06). We detect a deal-changing rise in competition for prime selling space and customers at a time when belts are being tightened. Sheng Siong&rsquo s new outlet expansion plan is at risk. This is critical because new stores drive sales growth much more than old stores. Worst, two big store closures coming up in 2017 could be left with a shortage of new stores to pick up the slack. Recommend switch into Jumbo (JUMBO SP, TP SGD0.78). No Christmas joy from the HDB Sheng Siong did not manage to clinch any HDB supermarket sites in Dec, which saw a repeat of Oct&rsquo s bidding frenzy. Instead, the winners were small operators that bid aggressively while the bigger operators such as Sheng Siong, NTUC and Cold Storage held back. Two sites in Dec were won by Yes Supermarket and an individual believed to be from U Stars Supermarket. Both operate 3-4 outlets each. They won with bids above SGD20 psf while Sheng Siong bidded only as high as SGD16. Competition for sites is heating up We understand that Yes has been in the supermarket scene for years, while U Stars is the new kid on the block as they are mainly a coffee shop operator that diversifed into supermarkets. The way that Yes and U Stars are going about securing sites is a concern to us, given the aggressive bidding. There may be a risk of the bigger players deciding to follow suit, especially if the continuing inability to secure sites threatens to upset their continuing expansion plans. Longer-term forecasts cut TP reduced to SGD0.88 The increased competition may take some time to trickle down but signs of keener competition are being played out as we speak. We leave our FY16/17E forecasts unchanged but lower our FY18/19/20E by 3.5%/7.1%/10.3%. FY21E-25E growth assumptions used in DCF valuation were also trimmed from 5% to 3% to account for slower long-term growth. Blended DCF/PE valuation cut to SGD0.88 (WACC 7.5%, LTG 1%, FY17E P/E 20x). D/G to SELL switch to Jumbo (JUMBO SP, TP SGD0.78).
Useful To Me  Not Useful To Me
n3wbie Elite	14-Dec-2016 20:57        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Maybank KE downgraded Sheng Siong to " Sell" in their report last evening with a TP of S$0.88. Competition & execution risks on the rise We downgrade Sheng Siong to SELL from HOLD with a blended DCF/PE target price of SGD0.88 (from SGD1.06). We detect a deal-changing rise in competition for prime selling space and customers at a time when belts are being tightened. Sheng Siong&rsquo s new outlet expansion plan is at risk. This is critical because new stores drive sales growth much more than old stores. Worst, two big store closures coming up in 2017 could be left with a shortage of new stores to pick up the slack. Recommend switch into Jumbo (JUMBO SP, TP SGD0.78). No Christmas joy from the HDB Sheng Siong did not manage to clinch any HDB supermarket sites in Dec, which saw a repeat of Oct&rsquo s bidding frenzy. Instead, the winners were small operators that bid aggressively while the bigger operators such as Sheng Siong, NTUC and Cold Storage held back. Two sites in Dec were won by Yes Supermarket and an individual believed to be from U Stars Supermarket. Both operate 3-4 outlets each. They won with bids above SGD20 psf while Sheng Siong bidded only as high as SGD16. Competition for sites is heating up We understand that Yes has been in the supermarket scene for years, while U Stars is the new kid on the block as they are mainly a coffee shop operator that diversifed into supermarkets. The way that Yes and U Stars are going about securing sites is a concern to us, given the aggressive bidding. There may be a risk of the bigger players deciding to follow suit, especially if the continuing inability to secure sites threatens to upset their continuing expansion plans. Longer-term forecasts cut TP reduced to SGD0.88 The increased competition may take some time to trickle down but signs of keener competition are being played out as we speak. We leave our FY16/17E forecasts unchanged but lower our FY18/19/20E by 3.5%/7.1%/10.3%. FY21E-25E growth assumptions used in DCF valuation were also trimmed from 5% to 3% to account for slower long-term growth. Blended DCF/PE valuation cut to SGD0.88 (WACC 7.5%, LTG 1%, FY17E P/E 20x). D/G to SELL switch to Jumbo (JUMBO SP, TP SGD0.78).
Useful To Me  Not Useful To Me
bishan22 Supreme	14-Dec-2016 20:14        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very siong liao.........
Useful To Me  Not Useful To Me
cobrajr Veteran	14-Dec-2016 18:43        cobrajr About Contact  Quote this Post!
x 0   x 0  Alert Admin	Last few days lau hong
Useful To Me  Not Useful To Me
monopoly Member	01-Dec-2016 09:51        monopoly About Contact  Quote this Post!
x 0   x 0  Alert Admin	SINGAPORE (Nov 30): OCBC Investment Research has declared Sheng Siong Group (SSG) as its latest and sole preferred &ldquo buy&rdquo pick at an estimated fair value of $1.15, while maintaining its &ldquo neutral&rdquo stance on Singapore&rsquo s consumer sector. In a Tuesday report, lead analyst Jodie Foo notes how the consumer sector saw a series of privatisations and acquisitions, which suggests that valuations have been generally reasonable. &ldquo While sound long term growth fundamentals remain intact for the region, particularly for Asia emerging markets, near term outlook has been clouded by uncertainties arising from the region itself (Philippines and Thailand for instance) as well as on a global scale,&rdquo says Foo. &ldquo 2016 has been an odd one to say the least, with Brexit and the US election outcomes turning out starkly different from consensus expectations,&rdquo he observes in addition.   As such, the analyst remains cautious on the possibilities of further volatility in Asian emerging market (EM) currencies the upward spike of soft commodity and oil prices which will result in pressure on margins for F& B manufacturers as well as the continued rise of raw material prices. Although consumer plays such as QAF and Thai Beverage &ndash both rated &ldquo buy&rdquo at fair values of $1.46 and $1.01 respectively &ndash do provide exposure to EM, Foo still recommends a bottom-picking stock strategy as he believes political and economic uncertainties arising from the Asian region as well as on a global scale will continue to &ldquo pose as deterrence&rdquo . SSG has therefore been chosen as the research house&rsquo s preferred pick for its defensive and cash-generative business, decent dividends, and management execution strength. &ldquo Despite stronger competition in the local grocery industry arising from existing and new entrants, we believe that the group can sustain growth ahead in the near to medium term on the back of their differentiated value positioning in the market,&rdquo explains Foo.   In particular, he continues to like SSG for its ability to control staff and rental costs as a percentage of sales at about 12-13% and 3% respectively over the past five years &ndash even as pressure from high operating costs remain on the consumer environment, mainly due to rent and wages. &ldquo The group has also been able to improve its margins steadily over the last few years and margins are likely to sustain on the back of ongoing initiatives which include increasing direct sourcing and bulk handling, improving its sales mix, as well as increasing selection and types of house-brand products,&rdquo adds the analyst. Shares of Sheng Siong closed at $1.04.
Useful To Me  Not Useful To Me
1oopls Master	28-Oct-2016 13:35        1oopls About Contact  Quote this Post!   Yells: "I love my evil cute cute darling"
x 0   x 0  Alert Admin	Share px has been consolidating at around 0.8 for the past year. It has finally risen on expectations, but is abit on the high side now. Entering would be chasing and higher risk. Dyodd
Useful To Me  Not Useful To Me
jeremyow Master	28-Oct-2016 13:31        jeremyow About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Passionate business investor"
x 0   x 0  Alert Admin	We should try to dig deeper into the company before arriving at a better conclusion. Even if the company is overvalued, we should find out is there any basis for the higher valuation of its share price? Examples include any new expansion and growth plans currently being executed in the early stage and investors are optimistic on their outcome. How has the company been performing so far compared to its peers, in this case such as NTUC, Giant, etc.? Can look at their number of outlets both in Singapore and overseas (if any)? Are all, most or little number of the outlets performing? What is their overall operating margin compared to their peers? Are they good at managing where their outlets are located? Are most, if not all their outlets having good business? How do they deal with outlets having poor business? What is their market share of the consumer goods market compared to their peers? Do they carry huge debts/ high leverage or are they cash rich enjoying good operational cashflows from their supermarket businesses? Are they able to delay payments to their suppliers as long as comfortable and speed up payments from their customers so their cash turnover rate is high? How much is the risk for a company operating in this consumer goods sector? Of course, there are endless thousand and one considerations to assess any company. We are not trying to be fully comprehensive in our assessment, but we must try our best to be as comprehensive as we can to our best so as to have a better objective view of a company and also determine a fair value for its shares to decide whether we want to invest in the company and at what share price below the fair value is good, factoring in our own comfortable amount of margin for error in our assessment since no investor is perfect in his assessment always due to lack of complete information about a company.     huifang      ( Date: 28-Oct-2016 12:37) Posted: very good observations ! it is the better version of defunct econ minimart or PSC holdings ? similar in concept....hdb....sat auntie uncle lucky draws ... only diff ? "powerful" who n who morgany      ( Date: 28-Oct-2016 12:18) Posted: Friend, this stocks has been on the way up too far and too fast, it has nothing to show why? Just some profit and it goes so high, this show somebody is doing the push....be careful if you think it will swing up again....still has alot of space to move down, maybe towards the consolidation level of 86 cents..
Useful To Me  Not Useful To Me
huifang Senior	28-Oct-2016 12:37        huifang About Contact  Quote this Post!   Yells: "if God chose me as a jix, my natural ally is the Devil. !_!"
x 0   x 0  Alert Admin	very good observations ! it is the better version of defunct econ minimart or PSC holdings ? similar in concept....hdb....sat auntie uncle lucky draws ... only diff ? "powerful" who n who morgany      ( Date: 28-Oct-2016 12:18) Posted: Friend, this stocks has been on the way up too far and too fast, it has nothing to show why? Just some profit and it goes so high, this show somebody is doing the push....be careful if you think it will swing up again....still has alot of space to move down, maybe towards the consolidation level of 86 cents..
Useful To Me  Not Useful To Me
morgany Veteran	28-Oct-2016 12:18        morgany About Contact  Quote this Post!
x 0   x 0  Alert Admin	Friend, this stocks has been on the way up too far and too fast, it has nothing to show why? Just some profit and it goes so high, this show somebody is doing the push....be careful if you think it will swing up again....still has alot of space to move down, maybe towards the consolidation level of 86 cents..
Useful To Me  Not Useful To Me
Stocky901 Supreme	28-Oct-2016 12:12        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Started moving liao. Result not bad. will rebound soon.. $warrior      ( Date: 30-Sep-2016 22:38) Posted: Downgraded and BB waiting to collect whilst retailer panic and sell ..... we see this kind of movement everytime in the market.Collect, collect then flip flop and change call to buy again  Stocky901      ( Date: 30-Sep-2016 20:02) Posted: This one after downgraded by analysts goes down everyday.. I think price has gone up too fast also part of the reasons. From 60/70 range to current 110 is really unbelievable.. Better exit now and revisit around 70/80 if possible.. But may have to wait for a while..
Useful To Me  Not Useful To Me
$warrior Master	30-Sep-2016 22:38        $warrior About Contact  Quote this Post!
x 0   x 0  Alert Admin	Downgraded and BB waiting to collect whilst retailer panic and sell ..... we see this kind of movement everytime in the market.Collect, collect then flip flop and change call to buy again  Stocky901      ( Date: 30-Sep-2016 20:02) Posted: This one after downgraded by analysts goes down everyday.. I think price has gone up too fast also part of the reasons. From 60/70 range to current 110 is really unbelievable.. Better exit now and revisit around 70/80 if possible.. But may have to wait for a while..
Useful To Me  Not Useful To Me
Stocky901 Supreme	30-Sep-2016 20:02        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This one after downgraded by analysts goes down everyday.. I think price has gone up too fast also part of the reasons. From 60/70 range to current 110 is really unbelievable.. Better exit now and revisit around 70/80 if possible.. But may have to wait for a while..
Useful To Me  Not Useful To Me
brightpoint Senior	16-Sep-2016 17:03        brightpoint About Contact  Quote this Post!
x 0   x 0  Alert Admin	wah...7 mil shares 1.075, next week will up high...sold too early
Useful To Me  Not Useful To Me
brightpoint Senior	16-Sep-2016 09:21        brightpoint About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. Sold liao brightpoint      ( Date: 06-Sep-2016 09:43) Posted: Will up to 1.08 ??
Useful To Me  Not Useful To Me
Gonggongtry Member	11-Sep-2016 15:23        Gonggongtry About Contact  Quote this Post!
x 0   x 0  Alert Admin	OK 90 I try pick up some!
Useful To Me  Not Useful To Me
morgany Veteran	10-Sep-2016 09:45        morgany About Contact  Quote this Post!
x 0   x 0  Alert Admin	All the steam on Sheng Siong are gone...look at the contract done...200, 400,100,300.....all Mickey Mouse transactions. This is very discouraging. Looking at the transactions, this counter is going to dip back to 90 cents very soon....
Useful To Me  Not Useful To Me
brightpoint Senior	06-Sep-2016 09:43        brightpoint About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will up to 1.08 ??
Useful To Me  Not Useful To Me
morgany Veteran	05-Sep-2016 23:38        morgany About Contact  Quote this Post!
x 0   x 0  Alert Admin	By looking at the volumn of Bid and Ask, I think it was controlled by funds or by their own cronies. Volumn  strink when prices ticks up and when prices are dipping, more volumn are added in to the Bid side....so what does it tells???  SGX sleeping....?
Useful To Me  Not Useful To Me
Jeromelow Senior	05-Sep-2016 19:23        Jeromelow About Contact  Quote this Post!
x 0   x 0  Alert Admin	thinking of investing at sheng siong , anyone have advise about the company . thinking to buy in at 95 cents
Useful To Me  Not Useful To Me

                                                         First   < Newer   1061-1080 of 1600   Older>   Last