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Heard Sheng Siong have very strong backing. Is it true ? : )
jayarumah ( Date: 27-Jul-2016 14:35) Posted:
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Time to take profit for this favorite. .until next correction below 90
Sheng Siong had a very impressive breaking out on 21st July 2016 and it may continue to head higher
spore share blog s pot sg
Gd pt. This is obvious, isn' t it. Otherwise, how do margins keep fattening? Businessmen have all sorts of tricks to give the impression that they are value for $$$ n customer-centric. But that' s probably far from reality. Even at FPrice n Giant, prices are creeping up unnoticingly. N I' d thing that FPrice profits are fattening too. Still, I think such keen competition has made prices more contained than they wld otherwise have been. But I allso believe high rents are a killer here.
us9392 ( Date: 29-Jul-2016 04:25) Posted:
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You need keen observation on SS. The cost are kept low by cheap hires. Goods near expiry is sold in special section
at cheaper price. Prices are slowly creeped higher to unsuspecting buyers. Dont take my words, you need to be a daily
shopper to know whats going on .
be careful of pit falls....the run up of prices does not match the dividends....only 2 old store bring in good taking, what about the rest?
wow. pick up at 0.96 with 2000 lots. nice windfall :)
can buy. think have solid insitutional funds backing .
Sheng Siong is a good indicator that things are going to be very bullish. Sheng Siong is a very hintful indicative stock : )
Finally reach $1 soon...
why??
pcxiao2008 ( Date: 22-Jul-2016 13:18) Posted:
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Con job! KNS
yup but expensive stock
bishan22 ( Date: 21-Jul-2016 21:04) Posted:
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Runaway horse....
flyersummer ( Date: 21-Jul-2016 20:41) Posted:
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Broke resistance of 0.92. high .96 close .955
Strategic & tactical opportunities in one BUY.
A name that stands for low cost and great value, Sheng Siong is the only pure-play supermarket operator in Singapore. A steady consumer-staple business with above-sector yields, Sheng Siong should be a key part of any consumer stock portfolio. Near-term catalysts include consensus upgrades as we expect same-store sales growth to return and accelerate, driven by higher food inflation since early 2016. We resume coverage with BUY and street-high TP of SGD1.12, based on blended DCF (WACC 7.2%, LTG 1.5%) and 22x FY17 P/E valuations.
Above consensus expect SSS to recover
We expect SSS growth to return this year after flattening for 4 quarters and turning negative in 1Q16. Growth should re-appear as soon as 2Q16 and accelerate this year on sustained high margins. Our FY16-17 forecasts are 5-6% above consensus, driven by food inflation, a key leading indicator that has already risen following MAS&rsquo monetary loosening. Sheng Siong should benefit, with 40% of sales from fresh food.
Market too pessimistic on selling space
Weighted selling space can still grow in FY17 even with its second largest store about to close. Two redeveloped stores will re-open early next year with more space than before. Sheng Siong will also likely keep two other stores earlier threatened by landlord sales. Consensus has overcompensated and as a result, are now too low. There could also be upside if the pipeline of new sites expands by more than expected.
Risk premium has receded
Lastly, the risk premium on unexpected store closures has receded, in our view. In 2011, the closure of two stores hit revenue and profits badly. Sheng Siong&rsquo s vulnerability to such risks is now smaller than in 2011, as: 1) its stores have almost doubled from 2011 to 42 now and 2) revenue from its five largest stores has halved to under 5% of its total each, from 10%, with the majority of stores contributing only 1-3% of revenue each.
Thanks for info
waters ( Date: 09-May-2016 11:37) Posted:
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should be bullish from today onwards, finger crossed*
took a look at its chart but I don' t know how to post picturs on sharejunction.
Below is my noobish views:-
Looks like sheng siong have plateau and started trading sideways... range bound between 78.5 cents to 93 cents. the stochastics and rsi looks overbought and indicates a downward move possible although moving averages indicate upward move.. but considering it is range bound and currently near the resistance (upper limit) and the upmove is supported by less trading volume, short term trading downwards possible within these few days. just trade within the range bound and make some coffee money will do.
let me requote, we have few times of expired products which my father in law bought it.. then bring back to change, no reason given why expired products are on the shelves..
ERRR
ecekca ( Date: 26-Apr-2016 22:09) Posted:
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