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361-380 of 1600
Too high. Once JB mco lifted, SS will not be at present price level. Sold mine leow.
redbull888 ( Date: 31-Oct-2020 10:08) Posted:
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One of the highest PB stock in SGX . I?m
Possible another lockdown after opening?
Johor Bahru district now a COVID-19 red zone
https://www.channelnewsasia.com/news/asia/malaysia-covid-19-johor-bahru-district-declared-red-zone-13414440
Virus near our neighbour.
Johor Bahru district now a COVID-19 red zone
https://www.channelnewsasia.com/news/asia/malaysia-covid-19-johor-bahru-district-declared-red-zone-13414440
Virus near our neighbour.
seems like room for increase is little...will skip this
Phase 3 coming...don't think got any more meat...
St.Maximus ( Date: 31-Oct-2020 09:00) Posted:
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Our (DBS) target price for Sheng Siong is S$1.90, based on 25x FY21F PE, pegged to regional peers.
From above recommendation by DBS analyst, I say that the target price is based on a VERY optimistic outlook of NEXT YEAR' S earnings. How can anybody know what next year' s earnings gonna be?
Did DBS manage to estimate accurately in 2019 this year' s profit?
I bet they did not!!
Why?
Simply because nobody knows next year' s profits... ... unless you are the god of next year' s fortunes.
From above recommendation by DBS analyst, I say that the target price is based on a VERY optimistic outlook of NEXT YEAR' S earnings. How can anybody know what next year' s earnings gonna be?
Did DBS manage to estimate accurately in 2019 this year' s profit?
I bet they did not!!
Why?
Simply because nobody knows next year' s profits... ... unless you are the god of next year' s fortunes.
30 Oct 2020 Sheng Siong by RHB - Possibilities With Huge Cash Pile
Sheng Siong RHB.pdf
Maintain BUY, SGD1.87 TP implies 13% upside with c.4% FY20F yield. Sheng Siong announced its 3Q20 business update yesterday evening. 3Q20 revenue grew by a strong 29% YoY on higher home consumption demand, as a result of COVID-19. This, together with improved operating leverage and government grants, brought 3Q20 PATMI to SGD31.8m (+54% YoY). 9M20 PATMI of SGD107m met 85% of our full-year estimate, exceeding our and Street expectations.
Sheng Siong RHB.pdf
Maintain BUY, SGD1.87 TP implies 13% upside with c.4% FY20F yield. Sheng Siong announced its 3Q20 business update yesterday evening. 3Q20 revenue grew by a strong 29% YoY on higher home consumption demand, as a result of COVID-19. This, together with improved operating leverage and government grants, brought 3Q20 PATMI to SGD31.8m (+54% YoY). 9M20 PATMI of SGD107m met 85% of our full-year estimate, exceeding our and Street expectations.
By DBS Group - 30 October 2020
Continues to show resilience
Investment Thesis:
Maintain BUY, TP at S$1.90 Sheng Siong is a direct beneficiary of COVID-19, with close to full exposure to consumers staying home and social distancing.
Robust sales to drive FY21F earnings. We expect FY21F earnings to remain robust, driven by higher store count and better gross margins. We see Singapore proceeding cautiously into Circuit Breaker Phase 3, with consumers continuing to stay home, supporting supermarket sales going forward.
There is still upside to valuations. Currently trading at 20-23x forward earnings, valuations are well below our target of 25x, which is +2SD of its historical forward PE range.
Potential catalysts. We believe that Sheng Siong, with its strong store network and logistics chain, could be a takeover target for online players eventually. Online players such as Alibaba&rsquo s Hema (盒 马 鲜 生 ) and Amazon (Wholefoods) are taking the online-to- offline route and operating physical stores.
Valuation:
Our target price for Sheng Siong is S$1.90, based on 25x FY21F PE, pegged to regional peers.
Lets watch if it can punch above 170s...hovering at this level quite some time...postive!
Sheng Siong' s Q3 net profit up 54.4% on Covid-19 demand
SUPERMARKET operator Sheng Siong posted a net profit of S$31.8 million for its third quarter ended Sept 30, up 54.4 per cent from a year earlier on the back of strong revenue growth. However, this was partially offset by a less than proportional increase in operating expenses.
Revenue for the three months climbed 28.9 per cent to S$327.3 million, mainly due to elevated demand arising from the Covid-19 pandemic. Consumers continued to buy groceries to cook at home, fuelled by remote working conditions and " cautious" behaviour.
Earnings per share rose to 2.11 Singapore cents from 1.37 cents in the same period last year.
Gross profit margin remained flat at 27 per cent from the year ago period, as sales promotions returned gradually to pre-pandemic levels after the lifting of circuit breaker.
Administrative expenses increased by S$9.6 million in the third quartermainly due to higher staff costs but was partially offset by lower rental.
Staff cost increased as additional headcount was required to cope with the increase in volume. More staff were also needed to implement Covid-19 safe distancing and tracing measures, as well as to operate new stores. More money was also allocated for bonuses as a result of higher operating profit, said Sheng Siong.
Rental decreased as leases renewed in 2020 were capitalised as right-of-use assets, the group noted.
Its balance sheet " remained healthy" with net cash of S$179.8 million, it said.
Cash used for capital expenditures amounted to S$13 million, following the fitting out new stores and IT equipment for the supermarket operations equipping the new warehouse extension and maintenance capital expenditure relating to the distribution centre and cost incurred by supermarkets in China.
The group acknowledged in its business outlook that the relaxation of Covid-19 restrictions might affect demand, which peaked in April/May this year.
E-commerce platforms are also expected to pose keener competition, following a gain in market share since the onset of Covid-19.
" The risks to supply chain disruption because of Covid-19 and other natural disasters are still there, and may lead to higher input prices," added the group.
Sheng Siong has also opened two new stores during this quarter - at Potong Pasir and Tampines.
The group' s CEO, Lim Hock Chee, said: " Moving ahead, we remain dedicated to our store expansion plans by continuously looking for suitable retail space, particularly in areas where our customers reside but we do not have a presence."
It has chiong up a lot already these months, do you think it still has energy to chiong tomolo?
mattohoh ( Date: 29-Oct-2020 20:25) Posted:
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Wow tml up?
Company of the year! SHENG SHIONG
All for you!
All for you!
Sheng Siong' s Q3 net profit up 54.4% on Covid-19 demand
OCT 29, 2020 07:16 PM
https://www.businesstimes.com.sg/companies-markets/sheng-siongs-q3-net-profit-up-544-on-covid-19-demand
why have start sheng shiong show? usually they got this show it will grow too one
my fundamentals are go for things people need daily, i may not buy now, but i wont sell too cos should be going higher more
Isit worth to buy in at this price or wait?
price has rebounded from ma100 with volume. seems like continuation of uptrend
where is the source from? Btw SS has been shorties heaven everyday.
l_tan888 ( Date: 18-Sep-2020 06:52) Posted:
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Unless it' s backed by reliable sources, otherwise, please don' t mislead others here. It' s unethical.
Biffeen123 ( Date: 17-Sep-2020 09:31) Posted:
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