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Must say is good results.
But I am really concern about its future.
I myself for example already move 80% of usual supermarket spending to online. I dun think they can reverse the trend.
Last week while queueing at SS to pay for my weekly essential groceries, an SS sales assistant brought a packet of 6 frozen otus buns and tried to sell to me at $7.20 saying it is on sales. Said it is vey cheap. I told her if the JB border is open, it is not even worth $2. That' s why SS can continue to profiteer thaen pay its staff 12 months bonus at the expense of poor consumers.
Let' s see what happens when the JB border is open soon
Why overvalued?
alleyboy ( Date: 29-Oct-2021 09:08) Posted:
Overvalued, imo. DYODD
Beta21177 ( Date: 29-Oct-2021 09:08) Posted:
| make $$$ also cannot move??? |
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Overvalued, imo. DYODD
Beta21177 ( Date: 29-Oct-2021 09:08) Posted:
| make $$$ also cannot move??? |
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make $$$ also cannot move???
Q3 FY2021 results out today.. Shengsiong' s expansion Into China market is yielding positive results. With new BTO projects get completed over the next few years, I am expecting Shengsiong to gain deeper penetration into Singapore' s grocery industry. This should compensate for the normalisation of demand for its product offerings as Singapore moves towards Covid-19 endemic living.
https://links.sgx.com/1.0.0/corporate-announcements/XJDTHNI4AVSR2K8H/688535_SSG%20-%203Q%20FY2021%20Press%20Release.pdf
Sheng Siong Group records net profit growth of 8.3% yoy to S$34.4 million for 3Q FY2021
&bull Revenue for 3Q FY2021 increased 6.4% yoy to S$348.1 million, contributed by new stores and comparable same store sales
&bull Gross profit increased by 14.2% to S$100.9 million, gross profit margin improved by 2.0 percentage points to 29.0%
&bull Continue to look for suitable retail spaces where the Group does not have a presenc
https://links.sgx.com/1.0.0/corporate-announcements/XJDTHNI4AVSR2K8H/688535_SSG%20-%203Q%20FY2021%20Press%20Release.pdf
technical rebound soon??
Yes, but dun u think even at $1.45 it' s abit overpriced?
odebrecht ( Date: 14-Oct-2021 23:13) Posted:
| Sheng Siong supermarkets are generally not located within shopping malls right? The new rules in place since 13 Oct should bring positive impact to Sheng Siong' s business. |
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Sheng Siong supermarkets are generally not located within shopping malls right? The new rules in place since 13 Oct should bring positive impact to Sheng Siong' s business.
force unvac to vac lo
TA_Expert ( Date: 09-Oct-2021 18:21) Posted:
Should be unlimited?
investshare ( Date: 09-Oct-2021 16:17) Posted:
| Since unvax not allowed anymore, why limit vax to 2 pax?? Does not make sense |
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Yes. Lhl already said Covid to vax ppl is very mild. So focus is on protecting unvax.
TA_Expert ( Date: 09-Oct-2021 18:21) Posted:
Should be unlimited?
investshare ( Date: 09-Oct-2021 16:17) Posted:
| Since unvax not allowed anymore, why limit vax to 2 pax?? Does not make sense |
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Should be unlimited?
investshare ( Date: 09-Oct-2021 16:17) Posted:
Since unvax not allowed anymore, why limit vax to 2 pax?? Does not make sense.
TA_Expert ( Date: 09-Oct-2021 15:36) Posted:
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Since unvax not allowed anymore, why limit vax to 2 pax?? Does not make sense.
TA_Expert ( Date: 09-Oct-2021 15:36) Posted:
Isn' t that great?
investshare ( Date: 09-Oct-2021 14:32) Posted:
| Now unvax cannot go shopping! |
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Isn' t that great?
investshare ( Date: 09-Oct-2021 14:32) Posted:
| Now unvax cannot go shopping! |
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Now unvax cannot go shopping!
u can do up google forms survey, post here, then we all contribute in staff-in-confidence nature.
investshare ( Date: 08-Oct-2021 11:04) Posted:
Do you mind sharing which online purchase platoform you bought fr in the past 12 months?
I am keen to profile SS shareholders.
black_white ( Date: 08-Oct-2021 10:11) Posted:
| Plenty of china friend. China business partners at govt and private sector. Online purchase, plenty - And multiple industries have undergone several phases of consolidation already because of price wars. End of day, it will be who is bigger, can provide it cheaper and with a holistic set of solutions (rather than just one domain - e.g. you have your retailer telling you they have no control over supply or logistics) that will win this long drawn out marathon |
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Do you mind sharing which online purchase platoform you bought fr in the past 12 months?
I am keen to profile SS shareholders.
black_white ( Date: 08-Oct-2021 10:11) Posted:
Plenty of china friend. China business partners at govt and private sector. Online purchase, plenty - And multiple industries have undergone several phases of consolidation already because of price wars. End of day, it will be who is bigger, can provide it cheaper and with a holistic set of solutions (rather than just one domain - e.g. you have your retailer telling you they have no control over supply or logistics) that will win this long drawn out marathon.
investshare ( Date: 08-Oct-2021 09:19) Posted:
| Let me guess.. you have not made any online purchase in past one year? And no China friend |
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Plenty of china friend. China business partners at govt and private sector. Online purchase, plenty - And multiple industries have undergone several phases of consolidation already because of price wars. End of day, it will be who is bigger, can provide it cheaper and with a holistic set of solutions (rather than just one domain - e.g. you have your retailer telling you they have no control over supply or logistics) that will win this long drawn out marathon.
investshare ( Date: 08-Oct-2021 09:19) Posted:
Let me guess.. you have not made any online purchase in past one year? And no China friend?
black_white ( Date: 07-Oct-2021 18:00) Posted:
| Yes correct. You mentioned " now" . That is the key word. As Sheng Siong opens branches overseas and in key areas, they are reaching out into densely populated regions. They are also doing vertical integration that differentiates itself from purely online retail who effectively act as retail stores without the vertical integration depth that Sheng Siong has gone into. It can be its achilles hill, or it can be the key to its future in beating competitors. |
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Let me guess.. you have not made any online purchase in past one year? And no China friend?
black_white ( Date: 07-Oct-2021 18:00) Posted:
Yes correct. You mentioned " now" . That is the key word. As Sheng Siong opens branches overseas and in key areas, they are reaching out into densely populated regions. They are also doing vertical integration that differentiates itself from purely online retail who effectively act as retail stores without the vertical integration depth that Sheng Siong has gone into. It can be its achilles hill, or it can be the key to its future in beating competitors.
investshare ( Date: 07-Oct-2021 16:56) Posted:
Haha if you worry about that, you have q10, redmart, grabmart, deliveroo mart to buy online now.
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