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Sheng Siong
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Sheng Siong
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samudra
Veteran |
20-Aug-2015 00:01
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economy is gloomy. Recession now. Most counters will not be spare. Trade with caution. Bear coming |
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rahhin
Member |
19-Aug-2015 23:51
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For similar business comparison, look at P/E of Dairy Farm. Don' t deny is a good mortar and bricks business. |
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vesfreq
Member |
19-Aug-2015 17:27
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Yes bro. Little turbulence only. $1 will hit in due course.
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vesfreq
Member |
19-Aug-2015 17:26
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Recovered to 87. Not too bad.  Took the opportunity to grab from ready sellers. This is a strong fundamental stock. The sell down not as bad as property. My property counters all kena hammered left right.  This q3 and q4 results for ssg are expected to be better than previous year. The main catalysts are: 1. Depreciation of RM (about 12% since aug 2014) and Rupiah (about 3% since aug 2014). Currency depreciation serves to bring down the cost of sales which bumps up the gross margins. In q2, the margins already hit 25.2%. With cheaper grocery imports, the gross margins have more room to rise. RM continues to be weak with the domestic issues.  2. Crude oil continues to be cheap. 41 usd liao. This also brings down the cost of transportation and helps to up the bottom line profits. 3. 38 outlets are operating as of today, compared to 33 last year aug 2015. This gives potentially 15% more reach to consumers and will surely translate to higher revenues and net profits.  4. By end of 2015, the additional 5 outlets will have contributed significantly to q3 and q4 results, as compared to 2014. The coming q4 xmas season will likely observe more sales activity. End December 2015, the CNY sales will start to kick in. 38 outlets at year end and effect of CNY sales will quite likely add more to bottomline than the 33 outlets at end of Dec 2014 (I exclude the one outlet which commenced ops at end of 2014 which was unlikely to have contributed materially to group results). 5. Then SSG is aiming for 50 stores in the next few years. That gives 31.5% more reach to consumers compared to today' s 38 stores.  6. Population has been growing at CAGR of 2% for the past 10 years. More population also translates to greater sales prospects.  There is plenty of certainty and this stock is a keeper. The sell down is buying opportunity. Don' t panic. 
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lifeisgood
Supreme |
19-Aug-2015 15:45
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If this stock get sold down 50% or more, I am sure some one up there will take notice. SGX rules may then be re-written to protect this stock. 
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fernvale
Master |
19-Aug-2015 14:57
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Fren, do u rem ocbc was $3 during last dwnturn? Neratel was less than 40cts I think. So if really global meltdwn agn, im sure no counters will be spared
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fortunecat
Master |
19-Aug-2015 14:50
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This is one of the strongest stock in this massacre. Now kenna also... | ||||
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treetops
Elite |
19-Aug-2015 14:40
Yells: "Moments Today, Memories Tomorrow!" |
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A little setback is ok one. Will move to $1 soon.
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heisuke
Member |
19-Aug-2015 14:22
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suddenly dropped so much? |
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fortunecat
Master |
29-Jul-2015 10:20
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千 倍 千 倍 ! | ||||
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treetops
Elite |
29-Jul-2015 10:11
Yells: "Moments Today, Memories Tomorrow!" |
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Reaching $1 soon! Cheer! |
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jeremylbt
Member |
25-Jul-2015 00:09
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I like and support this company because of its zero debt and huge cash reserves. Everybody needs to go supermarket. It' s a business that' s recession proof. Keeping it for long term for capital growth and dividends. Cheers. Vested.
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yohowslife
Member |
24-Jul-2015 18:05
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Another strong performance by Sheng Siong on the back of profits from newly operated stores and increased gross margin. Fundamentally the company is very strong but the stock price is now expensive from a valuation perspective, having had a good run since 2011,  and it is more prudent to wait for a correction before going in. http://www.investark.com/Analysis67shengsiong2q15.html |
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heisuke
Member |
21-Jul-2015 09:57
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Why?
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jeremylbt
Member |
20-Jul-2015 23:42
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Poised to chiong tomorrow!!! Watch out for this. |
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KiLrOy
Elite |
29-Jun-2015 20:38
Yells: "I buy only what I can see." |
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hope to cover my CFD soon~  |
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KiLrOy
Elite |
09-Jun-2015 22:02
Yells: "I buy only what I can see." |
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First RESISTANCE is 0.80   |
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poorpoor
Senior |
08-Jun-2015 22:03
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See what I mean ? All Jiak Shai one . All have been brainwashed and cultured by don' t know who to become shortists. All shortists commandos.  |
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KiLrOy
Elite |
08-Jun-2015 21:57
Yells: "I buy only what I can see." |
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Doji signal triggered. Good entry for short. |
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tobias_i_d
Senior |
29-May-2015 11:33
Yells: "Good technicians don't eat heads and tails." |
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from the way I see it, the price action that will happen in the near future is cannot be ignored... take profit while you can
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