Sheng Siong    Last:3.02    -0.02

Sheng Siong

Do you think this counter will do good after post covid19? people have started changing the groceries purchase from retailer to online platform like lazmall, redmart, shopee S-mart, food panda mart and live sell. As far as I am concerned these new emerge selling platforms will adversely impact Sheng Siong and other physical retailers. minimally, the cake would have been cut to small pieces that share across. 

 

Those who dared to naked short yesterday.....my condolences.

 

buy Sheng Siong while its cheaper now?
Or wait?

 

even with XD only -0.03, buay pai.... hope to burst nxt month

 

Holding steady at 1.80

 

This counter to me is for long term play to leverage out a portfolio with defensive mechanism against global uncertainty. Not really a contra or shorting option. Especially these past 5 days, the performance of the share price has exceeded my expectations. I remember wehuattogether888 amd myself were one of the few in this counter thread. We anticipated that a defensive stock like SS (with healthy cash flows and strong balance sheet) will be boosted by a good Q2 performance (which came through). Back then the share price was trading at 1.63 w/o much upward or downward movements (except the ocasional 1 pip increasr/dips). To be honest i thought this share will go up to 1.72 with cosolidation at 1.72/1.73 per share. But its now $0.10 more than my expectations. In light of its latest dip, i would say now is profit collection. Vested

 

trying test the 1.85 wall....... hard today... 10mins more...

 

big wall at 1.85.

 

I do not think current push up due to SS' s usual business

the fund must bet for DIGI bank license. 
 

wehuattogether88      ( Date: 05-Aug-2020 10:37) Posted: With the travel ban still intact in Singapore, , home cooking, home gatherings and local excursions become the norm and that belts out well for the supermarket chains in Singapore including Sheng Siong. 1c2e3s      ( Date: 05-Aug-2020 10:27) Posted: they just wont stop breaking their own guinness recor

 

Thanks!!

Yes, use SS Holdings in the shortlisted. Then very very good news. 

 

Razer, Sheng Siong Holdings, FWD, LinkSure Global, Insignia Venture Partners and Carro

Digital Full Bank License

Yes

 

SS might be the next STI index stocks at the rate it is going, just my thoughts. 

1c2e3s      ( Date: 05-Aug-2020 11:05) Posted: who know after vaccine is found, they might stuck with sheng siong since they get used to it and saving expenses during the recovery period wehuattogether88      ( Date: 05-Aug-2020 10:37) Posted: With the travel ban still intact in Singapore, , home cooking, home gatherings and local excursions become the norm and that belts out well for the supermarket chains in Singapore including Sheng Siong

 

ss branding and logo used... should be in the name of ss....

https://blog.seedly.sg/singapore-digital-bank-licenses/

 

iamwxd      ( Date: 05-Aug-2020 11:05) Posted: My understanding of DIGI banking license with Razer was not SS' s plan but its owners' personal invesment. So that is why no annoucement in SGX.

 

who know after vaccine is found, they might stuck with sheng siong since they get used to it and saving expenses during the recovery period

wehuattogether88      ( Date: 05-Aug-2020 10:37) Posted: With the travel ban still intact in Singapore, , home cooking, home gatherings and local excursions become the norm and that belts out well for the supermarket chains in Singapore including Sheng Siong. 1c2e3s      ( Date: 05-Aug-2020 10:27) Posted: they just wont stop breaking their own guinness recor

 

My understanding of DIGI banking license with Razer was not SS' s plan but its owners' personal invesment.

So that is why no annoucement in SGX.




 

 

With the travel ban still intact in Singapore, , home cooking, home gatherings and local excursions become the norm and that belts out well for the supermarket chains in Singapore including Sheng Siong.

1c2e3s      ( Date: 05-Aug-2020 10:27) Posted: they just wont stop breaking their own guinness record wehuattogether88      ( Date: 05-Aug-2020 10:15) Posted: The working from home model will continue as long you can work from home and that is until a effective vaccine is created which is in a years time or longer.

 

$2 before the xd? very bullish this two days...good news/announcements coming?

 

they just wont stop breaking their own guinness record

wehuattogether88      ( Date: 05-Aug-2020 10:15) Posted: The working from home model will continue as long you can work from home and that is until a effective vaccine is created which is in a years time or longer.

 

The working from home model will continue as long you can work from home and that is until a effective vaccine is created which is in a years time or longer.

 

have the feeling it will..... vested way bacl, nearly sold it when it dropped to $1, but now sitting on +160%

simpleguy123      ( Date: 05-Aug-2020 00:23) Posted: Increased my stake in the counter @1.70, before it charged up the hill. My TP is $2.00/share by for year-end, but not sure if anyone thinks it can happen sooner?

 

Increased my stake in the counter @1.70, before it charged up the hill.

My TP is $2.00/share by for year-end, but not sure if anyone thinks it can happen sooner?