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Once CMO lifted, SS would be at current price. Even current is high. DYODD
So no license given price drop ?
WhereI ( Date: 06-Dec-2020 12:59) Posted:
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Ss was apparently part of a consortium that did...
ysh2006 ( Date: 06-Dec-2020 12:51) Posted:
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The company didn't apply for a digital bank license ?
WhereI ( Date: 06-Dec-2020 12:22) Posted:
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Medium term downtrend. Like medical stocks.
Sgvale ( Date: 05-Dec-2020 19:08) Posted:
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Will fall marginally only. Because this one is not a hot contestant expect to win unlike iFast, tua ki liao.
Scrabble ( Date: 05-Dec-2020 18:53) Posted:
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In view that the consortium, which Sheng Siong was in, missed out on the digital bank licence.
Will the price slight down or still hold?
Below is an article about their partnership. Last month article
https://www.crowdfundinsider.com/2020/11/168958-singapores-razer-which-offers-fintech-and-software-products-reports-sizable-profits-after-posting-losses-last-year/
I see many players of different background join together in this bid.
I noted singtel Bugis and Sheng siong had some kind of atm machine outside their store.already behave like banking physically ?
SE is quite strong too . Competition is quite stiff.
Next week ,probably ,some news of the result?
https://www.crowdfundinsider.com/2020/11/168958-singapores-razer-which-offers-fintech-and-software-products-reports-sizable-profits-after-posting-losses-last-year/
I see many players of different background join together in this bid.
I noted singtel Bugis and Sheng siong had some kind of atm machine outside their store.already behave like banking physically ?
SE is quite strong too . Competition is quite stiff.
Next week ,probably ,some news of the result?
simpleguy123 ( Date: 03-Dec-2020 16:38) Posted:
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Yes as mentioned It is Sheng Siong Holdings Pte Ltd not the " Listco" Sheng Sheng Limited
Sheng Siong Holdings Pte Ltd owns about 40% of Sheng Siong Limted. How it benefit Sheng Shiomh Limted indirectly not sure yet.
Sheng Siong Holdings Pte Ltd owns about 40% of Sheng Siong Limted. How it benefit Sheng Shiomh Limted indirectly not sure yet.
simpleguy123 ( Date: 03-Dec-2020 16:38) Posted:
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I feel end of the day, Razor was wise to get a bunch of companies together and say: "lets unite to offer an attractive value proposition that nabs us the license". With that said, i understand the Sheng Siong investing in this digital full bank license is a personal one by the SS Boss, and not from company.
look@bright ( Date: 03-Dec-2020 16:32) Posted:
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Not sure about SEA, as of today losing big. Btw Sheng Siong holdings is with Razer and FWD. if you say FWD is small then nothing to say.
simpleguy123 ( Date: 03-Dec-2020 16:27) Posted:
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Thing is there are quite a number of companies vying for this license.
There are two types of license to be awarded:
1) Wholesale (3) and 2) Full Bank (2)
Sheng Siong is competing for the Full Bank Category, which pits them against SEA Ltd, and Singtel/Grab.
To me, those two bids are quite strong. Plus if the government wishes to support " local" enterprises, they will award it to a local start-up/grown company.
Problem is, SEA and Grab are " local" start-up/grown entities. And only 2 full bank licenses are awarded, which makes Razor/Sheng Siong the odd couple out.
There are two types of license to be awarded:
1) Wholesale (3) and 2) Full Bank (2)
Sheng Siong is competing for the Full Bank Category, which pits them against SEA Ltd, and Singtel/Grab.
To me, those two bids are quite strong. Plus if the government wishes to support " local" enterprises, they will award it to a local start-up/grown company.
Problem is, SEA and Grab are " local" start-up/grown entities. And only 2 full bank licenses are awarded, which makes Razor/Sheng Siong the odd couple out.
Flyingtask ( Date: 03-Dec-2020 16:10) Posted:
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i think chances is high but the bidder is actually Sheng Siong Holdings Pte Ltd not the Listco
Flyingtask ( Date: 03-Dec-2020 16:10) Posted:
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Any possibility that Sheng Siong will win the digital bank license?
https://the-ken.com/sea/story/the-contenders-assessing-singapores-digital-bank-licence-applicants/
From other thread,I heard result might come out by next week.
https://the-ken.com/sea/story/the-contenders-assessing-singapores-digital-bank-licence-applicants/
From other thread,I heard result might come out by next week.
Should take profit if its me. Now tat vaccine is available.
whylikethat ( Date: 03-Dec-2020 10:12) Posted:
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The best is past. There can be better time to enter if you can wait
whylikethat ( Date: 03-Dec-2020 10:12) Posted:
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Good time to enter.
Even causeway open up next year. Most singaporean ain?t go in Jb shopping as soon and often as before Covid . At least the next 6 to 9 month . Many shop frequently shop by singaporean in Jb have shut their door. And crime rate is a worry part once the border is open..
IMO .. SS will still perform very well in 2021..
With strong cashpile and expected high profit this year and careful management .
They might expand into more premium location since rental in prime area with large GFA is going down... SS may also offer more premium product line.. like Cold Storage?s Jason and marketplace ..
IMO .. SS will still perform very well in 2021..
With strong cashpile and expected high profit this year and careful management .
They might expand into more premium location since rental in prime area with large GFA is going down... SS may also offer more premium product line.. like Cold Storage?s Jason and marketplace ..
Long or short?
Unless you mean another wave which happened on other side of world now
https://www.today.com/food/how-grocery-stores-are-preparing-next-wave-covid-19-panic-t198613
In long term, you may refer
https://simplywall.st/stocks/sg/consumer-retailing/sgx-ov8/sheng-siong-group-shares/news/sheng-siong-group-sgxov8-seems-to-use-debt-rather-sparingly-2/
Summing up
We could understand if investors are concerned about Sheng Siong Group?s liabilities, but we can be reassured by the fact it has has net cash of S$222.2m. And it impressed us with free cash flow of S$193m, being 105% of its EBIT. So we don?t think Sheng Siong Group?s use of debt is risky. There?s no doubt that we learn most about debt from the balance sheet. But ultimately, every company can contain risks that exist outside of the balance sheet.
Below is broker analysis
https://www.theedgesingapore.com/capital/brokers-calls/sheng-siong-continues-be-household-staple
Good luck
Unless you mean another wave which happened on other side of world now
https://www.today.com/food/how-grocery-stores-are-preparing-next-wave-covid-19-panic-t198613
In long term, you may refer
https://simplywall.st/stocks/sg/consumer-retailing/sgx-ov8/sheng-siong-group-shares/news/sheng-siong-group-sgxov8-seems-to-use-debt-rather-sparingly-2/
Summing up
We could understand if investors are concerned about Sheng Siong Group?s liabilities, but we can be reassured by the fact it has has net cash of S$222.2m. And it impressed us with free cash flow of S$193m, being 105% of its EBIT. So we don?t think Sheng Siong Group?s use of debt is risky. There?s no doubt that we learn most about debt from the balance sheet. But ultimately, every company can contain risks that exist outside of the balance sheet.
Below is broker analysis
https://www.theedgesingapore.com/capital/brokers-calls/sheng-siong-continues-be-household-staple
Good luck
hongxianfeng01 ( Date: 12-Nov-2020 18:04) Posted:
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Good to buy and keep? Any one?