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1c2e3s Veteran	04-May-2020 09:48        1c2e3s About Contact  Quote this Post!
x 0   x 0  Alert Admin	ya like jack ma quotes  1st customer 2nd employees 3rd shareholder boomaroo      ( Date: 03-May-2020 14:39) Posted: Good day,  Few years back, I was working in a listed shipyard and the business was booming! Management decided to give us all special bonus so I guess this happens quite common even for listed companies. Anyway it is a good morale booster for everyone of us back then. I am sure those elder workers in SS will work extra hard too.  Cheers,  SuLiaoLiao      ( Date: 30-Apr-2020 10:11) Posted: I am not really invested in SS but it is in my watchlist. Just kaypoh want to say something. First of all, congrats to SS for making more profits. But is SS doing the right thing to pay staff additonal 1 month salary? The staff are already being paid according to their contracts. So any extra profits that SS make, do u know the money belong to who?? Yes, it belongs to u, the shareholders!! The extra 49.9% profits should be paid to the shareholders in the form of dividends and not suka suka pay extra one month to the staff. If like that, the extra 49.9% may become just 4.99%. Please take note that we are not eating those workers' salary. They are already being paid fairly according to their contracts.
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boomaroo Member	03-May-2020 14:39        boomaroo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good day,  Few years back, I was working in a listed shipyard and the business was booming! Management decided to give us all special bonus so I guess this happens quite common even for listed companies. Anyway it is a good morale booster for everyone of us back then. I am sure those elder workers in SS will work extra hard too.  Cheers,  SuLiaoLiao      ( Date: 30-Apr-2020 10:11) Posted: I am not really invested in SS but it is in my watchlist. Just kaypoh want to say something. First of all, congrats to SS for making more profits. But is SS doing the right thing to pay staff additonal 1 month salary? The staff are already being paid according to their contracts. So any extra profits that SS make, do u know the money belong to who?? Yes, it belongs to u, the shareholders!! The extra 49.9% profits should be paid to the shareholders in the form of dividends and not suka suka pay extra one month to the staff. If like that, the extra 49.9% may become just 4.99%. Please take note that we are not eating those workers' salary. They are already being paid fairly according to their contracts.
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sncm3425 Senior	03-May-2020 02:05        sncm3425 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Greed is foolish"
x 0   x 0  Alert Admin	Sorry, posted too fast. Supposedly in may but awaiting AGM. sncm3425      ( Date: 03-May-2020 02:00) Posted: 0.018 cents on 14 may yfxxy2020      ( Date: 02-May-2020 23:10) Posted: no more dividend in may right ?
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sncm3425 Senior	03-May-2020 02:00        sncm3425 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Greed is foolish"
x 0   x 0  Alert Admin	0.018 cents on 14 may yfxxy2020      ( Date: 02-May-2020 23:10) Posted: no more dividend in may right ?
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yfxxy2020 Member	02-May-2020 23:10        yfxxy2020 About Contact  Quote this Post!
x 0   x 0  Alert Admin	no more dividend in may right ?
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sncm3425 Senior	02-May-2020 12:37        sncm3425 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Greed is foolish"
x 0   x 0  Alert Admin	At this moment of time every business is either closing down or cutting pay. Only supermarkets business is booming. The fundamentals are still strong for this period. wehuattogether88      ( Date: 02-May-2020 10:08) Posted: Although the below houses gave below TP, I think SS will not move much at this level. SS TP 1.64 by OCBC SS TP 1.50 by UOB SS TP 1.58 by DBS SS TP 1.50-1.60 by Lim & Tan SS TP 1.63 by RHB
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wehuattogether88 Supreme	02-May-2020 10:08        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Although the below houses gave below TP, I think SS will not move much at this level. SS TP 1.64 by OCBC SS TP 1.50 by UOB SS TP 1.58 by DBS SS TP 1.50-1.60 by Lim & Tan SS TP 1.63 by RHB
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Newbie85 Veteran	01-May-2020 00:36        Newbie85 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let go at 45. Don' t see any room for more upside also. Don' t even think sales will be as good once coved is over.
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wehuattogether88 Supreme	30-Apr-2020 10:30        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SS stock price already factored in most of the good news, not much upwards space left.
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SuLiaoLiao Member	30-Apr-2020 10:11        SuLiaoLiao About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am not really invested in SS but it is in my watchlist. Just kaypoh want to say something. First of all, congrats to SS for making more profits. But is SS doing the right thing to pay staff additonal 1 month salary? The staff are already being paid according to their contracts. So any extra profits that SS make, do u know the money belong to who?? Yes, it belongs to u, the shareholders!! The extra 49.9% profits should be paid to the shareholders in the form of dividends and not suka suka pay extra one month to the staff. If like that, the extra 49.9% may become just 4.99%. Please take note that we are not eating those workers' salary. They are already being paid fairly according to their contracts.
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satruz Master	29-Apr-2020 15:55        satruz About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not surprising.... the recent run-up shd have already priced in the expected good results. I think still got room to run, but needs a healthy breather before that :) wehuattogether88      ( Date: 29-Apr-2020 15:47) Posted: Like no power, need time to build up again
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wehuattogether88 Supreme	29-Apr-2020 15:47        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Like no power, need time to build up again
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Joelton Supreme	29-Apr-2020 09:52        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	TUE, APR 28, 2020 - 6:24 PM Sheng Siong' s Q1 profit up 49.9% staff to get additional month of salary SUPERMARKET operator Sheng Siong posted a net profit of S$29 million for its first quarter ended March 31, up 49.9 per cent from a year ago on the back of its revenue jump, better gross margin, higher other income and a less-than-proportional increase in operating expenses relative to the increase in revenue.   Revenue went up 30.7 per cent to S$328.7 million, attributed mostly to the impact of Covid-19 and better-than-expected Chinese New Year sales.   Earnings per share in Q1 was 1.91 cents, compared with 1.29 cents in Q1 2019.   No dividend was declared this time, as was the case for the corresponding period a year ago.   However, with its strong Q1 results in the bag, Sheng Siong announced that staff, excluding directors, will be rewarded with an additional month of salary for working hard during the period of elevated demand in Q1.    The group noted that demand and sales rose when the government, responding to the pandemic, moved the country from Dorscon yellow to orange on Feb 7 more people began having meals at home and &ldquo loading up their pantry as well&rdquo . (Dorscon stands for Disease Outbreak Response System Condition.)   Prior to that, its first quarter had started with better Chinese New Year sales than a year ago because of recovering consumer sentiment and the low base effect in 2019, added the group.   Gross margin improved to 27 per cent in Q1 from 26.1 per cent a year ago, with the gains coming mainly from increased sales of its house brands.   The biggest gain came from non-fresh products, with sourcing having been diversified to cope with the sudden surge in demand. The ratio of fresh to non-fresh products remained about the same in Q1, compared to Q1 last year.     The group also said that it did not experience major disruptions in its supply chain in the first quarter.   &ldquo In hindsight, our move to increase our stockholding since the end of Q4 2019 prevented serious stock-out situations, although certain heavily demanded items were depleted immediately after the first round of elevated buying,&rdquo the group said in the update.   It added that it will continue to look for retail space in areas where it does not have a presence. Before the circuit-breaker measures threw a spanner in the works, Sheng Siong was to have opened five outlets  this year, bringing its network to 64 outlets and its retail area to approximately 575,160 sq ft.   The group acknowledged that competition is likely to remain keen between brick-and-mortar and online players, with some international food companies warning of future disruptions to the supply chain and an increase in prices because of the lockdowns imposed in many countries as a result of Covid-19.   When the pandemic situation normalises, the group expects revenue to taper off from the current elevated levels as buffer stocks kept by households are consumed.     &ldquo In the meanwhile, we will continue to hold a higher-than-normal level of inventory as a hedge against potential disruption to the supply chain,&rdquo said the group. https://www.businesstimes.com.sg/companies-markets/sheng-siongs-q1-profit-up-499-staff-to-get-additional-month-of-salary
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sengsk Elite	29-Apr-2020 08:58        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Note : Sell on news TP = 1.60
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peace.lehh Veteran	29-Apr-2020 08:44        peace.lehh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Your points are valid too :)
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lovetoshare Elite	29-Apr-2020 08:34        lovetoshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	not 100% true.. NTUC can promote very low price at a longer horizon... and if this pandemic prolong,,,, who will get the 1st stock replenish first at all time ( NTUC) follow by the rest (they will have lesser variety of stocks)... and with retrenchment coming, more ppl will spend lesser and more will cut the cakes into 16 pieces to save money instead of 4 slices and buy soon...  peace.lehh      ( Date: 29-Apr-2020 07:23) Posted: Huat Ah! This is one of the good stocks I have been holding for a Long time. Not so lucky on all stocks though, some dropped badly. Covid 19 will be around for a long period. Vaccine for the mass will only be developed in 1 to 1.5 years time (vaccine safe enough for patients in critical condition can be found much earlier but those cannot be approved for the mass). Tens of thousands in Singapore will either lose their jobs or have lower income, more people will slowly be cutting on expenses and choose cheaper options like Sheng Siong. Moreover, Sheng Siong is still expanding in Singapore. Even after the world can control Covid 19 next year, it will take a long time for economy around the world to recover. Singapore ?s economy depends on the world. People won ?t immediately find jobs or get higher pay overnight after Covid is controlled. Sheng Siong will continue to make strong profit for longer than some may think. With huge fund in multi million dollars from the increased profit which they rake in every month, they can expedite their expansion plan.
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peace.lehh Veteran	29-Apr-2020 07:23        peace.lehh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Huat Ah! This is one of the good stocks I have been holding for a Long time. Not so lucky on all stocks though, some dropped badly. Covid 19 will be around for a long period. Vaccine for the mass will only be developed in 1 to 1.5 years time (vaccine safe enough for patients in critical condition can be found much earlier but those cannot be approved for the mass). Tens of thousands in Singapore will either lose their jobs or have lower income, more people will slowly be cutting on expenses and choose cheaper options like Sheng Siong. Moreover, Sheng Siong is still expanding in Singapore. Even after the world can control Covid 19 next year, it will take a long time for economy around the world to recover. Singapore ?s economy depends on the world. People won ?t immediately find jobs or get higher pay overnight after Covid is controlled. Sheng Siong will continue to make strong profit for longer than some may think. With huge fund in multi million dollars from the increased profit which they rake in every month, they can expedite their expansion plan.
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wehuattogether88 Supreme	28-Apr-2020 20:07        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Supermarket operator Sheng Siong posted a net profit of S$29 million for its first quarter ended March 31, up 49.9 per cent from a year ago on the back of its revenue jump, better gross margin, higher other income and a less-than-proportional increase in operating expenses relative to the increase in revenue.
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Daxtheman Veteran	28-Apr-2020 17:13        Daxtheman About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you are looking at food stocks, Hanwell is a much better option. Very undervalued and recession proof fmcg counter. lifeisgood      ( Date: 28-Apr-2020 16:15) Posted: Too high It is only a Covid play stock. Actual growth of SS is not fantastic.  wehuattogether88      ( Date: 28-Apr-2020 10:39) Posted: Hello, Any experts to comment on current stock price of Sheng Siong?
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lifeisgood Supreme	28-Apr-2020 16:15        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Too high It is only a Covid play stock. Actual growth of SS is not fantastic.  wehuattogether88      ( Date: 28-Apr-2020 10:39) Posted: Hello, Any experts to comment on current stock price of Sheng Siong?
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