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1441-1460 of 1600
good to collect?
Belteshazzar ( Date: 12-Dec-2013 09:19) Posted:
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mash up and FK off by the people there.
ysh2006 ( Date: 17-Dec-2013 12:59) Posted:
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Lol Covered already :)
11111111111 ( Date: 17-Dec-2013 17:52) Posted:
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careful for this, possible D train.................................................tunnel lost light.
Rosesyrup ( Date: 17-Dec-2013 14:57) Posted:
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XD, convenience shops cannot expect so much? Want good service must pay more. Maybe Coldstorage?
Different market different service level, cannot compare. What matters is whether they are profitable.
Juzztrade ( Date: 17-Dec-2013 14:13) Posted:
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Had not experienced any pleasant shopping at this outlets
My TP of 58cents breached!!!!
Rosesyrup ( Date: 12-Oct-2013 19:12) Posted:
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I remember China Taisan ex-CFO also pulled in by same brokering house to give talk on their company, Bra Bra ..and after that CFO resigned, share price start coming down.... will history repeat itself ?....
interfact ( Date: 17-Dec-2013 11:59) Posted:
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RESIGNATION OF CHIEF FINANCIAL OFFICER
The Board of Directors (the ?Board?) of Sheng Siong Group Limited (the ?Company?) wishes to announce the resignation of Mr Lim Chee Wee Ryan as the Chief Financial Officer of the Company and his last day of service will be 31 January 2014.
Mr Wong Soong Kit, our Finance Director, will continue to oversee our Company?s finance and accounting functions, treasury management, strategic planning and budgets, tax management, corporate governance and internal controls.
The Board would like to express its appreciation to Mr Ryan Lim for his invaluable contributions and guidance during his tenure as Chief Financial Officer.
The details of the cessation pursuant to Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited (?SGX-ST?) in respect of the above are set out in a separate announcement.
The Board of Directors (the ?Board?) of Sheng Siong Group Limited (the ?Company?) wishes to announce the resignation of Mr Lim Chee Wee Ryan as the Chief Financial Officer of the Company and his last day of service will be 31 January 2014.
Mr Wong Soong Kit, our Finance Director, will continue to oversee our Company?s finance and accounting functions, treasury management, strategic planning and budgets, tax management, corporate governance and internal controls.
The Board would like to express its appreciation to Mr Ryan Lim for his invaluable contributions and guidance during his tenure as Chief Financial Officer.
The details of the cessation pursuant to Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited (?SGX-ST?) in respect of the above are set out in a separate announcement.
...base on 2-yrs chart...even $0.50 is not a strong support...
...last year went up before lunar new year though...
...last: %0.580...6-mth low: $0.575...kiv...
now @ ke tp of 58 good entry?
Sheng Siong has renewed the lease for its supermarket at Yuan Ching Road till 31 Mar ?14. Upgrading works have been proposed for the building in which the supermarket is located in, and Sheng Siong is in discussions on leasing suitable premises in the upgraded building. The supermarket has a floor area of ~16,500 sf and contributed less than 5.0% of group revenue for 9M13. Upgrading works at the building had been proposed and the group is currently in discussions to lease suitable premises in the upgraded building.
Sheng Siong is acquiring a 6 units of properties with combined estimated area of 18,610 sf at 18 Yishun Ave 9, from private developer CEL Devt, to expand its supermarket count in Spore to 34. The space is part of a new mixed 14-storey devt comprising retail and residential components, with expected TOP by Jun ?17. The price works out to $2950 psf, in line with current mkt prices. Maybank-KE says the new site looks promising, as it will be in the heart of Yishun with easy access to the MRT and good human traffic. Mgt notes also there are no other supermarkets in walking vicinity, and there will be access to a multi-storey carpark. Still contribution is too far out to make any substantial impact to earnings forecasts. The house maintains its Sell call with TP $0.54 (18.5x FY14e P/E), noting that Sheng Siong?s shift away from its asset-light model is negative, as i) it will likely impact the co?s ability to sustain its 90% payout ratio, and ii) is a signal that the co will continue to face challenges in securing immediate sites for rental, which will limit growth.
Supermarket chain Sheng Siong Group's net profit climb 7.8 per cent year-on-year to S$10.6 million for the quarter ended Sept 30, 2013, mainly as a result of higher revenue and better gross profit margin, it said on Tuesday.
Revenue for the period grew 4.8 per cent year-on-year to S$177.8 million, due largely to higher new stores sales, which was offset by lower comparable same-store sales.
The counter ended one cent higher at 62.5 Singapore cents.
Maybank cut its TP for Sheng Siong to $0.58, which is exactly the same TP I have given to Sheng Siong 2 month ago!!!!
You may verify from my previous posting in this forum (just scroll down).
Maybank KE rates Sheng Siong Group a 'sell"
Analyst: James Koh
No growth on the horizon, cut to SELL
Sheng Siong is a single-market, single-category supermarket operator in Singapore.
As the third-largest player in a mature market, there is limited potential for growth on the horizon, barring a significant change in its business strategy.
While we admire Sheng Siong as a well-run company with great efficiency, this hardly justifies the stock?s current lofty valuations of 22x PER.
Implied dividend yield of just 4% can be achieved elsewhere.
Downgrade from HOLD to SELL.
Share price: SGD0.645. Target price: SGD0.58 (previously 0.74)
Valuation is High (Agree), but no need to be too pessimistic. Think KE themselves should be more pessimistic on their own business/Company. :P
Maybank KE cuts to Sell from Hold, slashes TP to $0.58 from $0.74. Says while it admires Sheng Siong as a well run company with great efficiency, this hardly justifies the stock?s current lofty valuations of 22x P/E, and its implied dividend yield of just 4% can be achieved elsewhere. Notes limited growth potential for Sheng Siong in the horizon, barring a significant change in its business strategy. Mgt is unlikely to meet its 2013 target to expand retail gfa by ~10%, given no new stores to date. The co?s strategy of targeting mainly budget consumers means it is reliant on lower rental locations, an approach that is becoming increasingly restrictive. Meanwhile operating cost pressure is mounting due to rising staff wages and rental, the two biggest cost components. The house estimates a 5% increase in staff cost last year would have decreased 2012 profit by 7.5%. Believes the market is too optimistic on Sheng Siong?s earnings growth, and imminent downgrades will be a negative share price catalyst.
bishan22 ( Date: 12-Oct-2013 11:08) Posted:
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KE sell TP: 0.56. Good luck.
Consumer business is different. It's a CF business while on 60days credit terms. So there are lots of things AAwang don't understand.