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well economy is bad, to cook up the market, they might release more licenses then orginally planned. u all recalled bike sharing licensing? it is all in the name of jobs creation.... even electricity market, those out there are just job creation, the dirt cheap one dun even bother to advertise, u need to discover urself. and they tied with razor, famous PLP to the whites... low chance they wont get...
Will the uptrend still continue after the super results? Today is the 1st UP day.
So pessimistic?
hokpin ( Date: 04-Aug-2020 13:50) Posted:
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I think is 2/5, ie 20%!
Kuroyok ( Date: 04-Aug-2020 13:40) Posted:
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Hello what are the chances that they will get the licence? 😂
they just wont stop breaking record
raykee ( Date: 04-Aug-2020 11:43) Posted:
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i also waiting for them to get the banking license..... now standing at 160% profit liao i love wuhan!
wehuattogether88 ( Date: 04-Aug-2020 11:13) Posted:
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maybe funds buying in anticipation of bigger things or business plans to come?
raykee ( Date: 04-Aug-2020 11:10) Posted:
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finally all time high again..... marching to 2 liao....
Ya. Finally moving.
wehuattogether88 ( Date: 04-Aug-2020 10:15) Posted:
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SS On the move again?
Of all the counters, this is the one that didn' t drop much.
Truly defensive. Glad that 50% of my portfolio is here
Truly defensive. Glad that 50% of my portfolio is here
Wait for pullback. Then load some...
wehuattogether88 ( Date: 03-Aug-2020 11:27) Posted:
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Sheng Siong is a good defensive stock to consider.
looks like it needs to consolidate for a while first. But not sure if it is worth the high PE. Higher dividend may be temporary only too
they still have announce about the banking license thingy.....
This is from Business Times. Normally after such news is made public, where will drop still?
Sell queues will be cancelled too.
One recent example is UG
Sell queues will be cancelled too.
One recent example is UG
dullcreator ( Date: 30-Jul-2020 14:08) Posted:
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see if can go back to 1.64 or 1.65 then reload
Broker' s take: DBS maintains ' buy' on supermarket plays Sheng Siong, Dairy Farm
30 Jul 2020 13:28
By Vivienne Tay
DBS Group Research is maintaining its " buy" call on spermarket chain operators Sheng Siong Group and Dairy Farm International.
The research team lifted its target price for Sheng Siong to S$1.91, pegged to regional peers. It maintained its " buy" call on Sheng Siong for a potential upside of 11 per cent.
Shares of Sheng Siong were trading down S$0.03 or 1.7 per cent to S$1.70 on a cum-dividend basis on Thursday.
On potential catalysts, DBS analysts Alfie Yeo and Andy Sim said the supermarket chain could eventually be a takeover target for online players such as Alibaba' s Hema and Amazon (Wholefoods) - which are taking the online-to-offline route and operating physical stores.
The lift in target price followed a rise in DBS' s forecast for the supermarket chain' s FY2020-21 earnings by 15 per cent to 35 per cent due to stronger than expected second-quarter earnings led by the Singapore " circuit breaker" period.
" Sheng Siong is a direct beneficiary of Singapore supermarket sales in addition to its defensive qualities of strong balance sheet and cash flow generation capabilities," Mr Yeo and Mr Sim said in a research note on Thursday.
DBS on Thursday separately lowered its target price to US$4.86 for Dairy Farm International - which is also in the grocery retail business. Dairy Farm operates a number of brands across its food, health and beauty, home furnishings, restaurants and other retailing divisions. In Singapore, the company' s grocery retail arm runs the Cold Storage and Giant supermarkets.
Shares of Dairy Farm were trading up S$0.11 or 2.7 per cent to US$4.26 as at 12.35pm on Thursday.
The cut in target price was in line with the research team' s 16 per cent earnings cut for Dairy Farm' s FY2020 forecast. This came after Dairy Farm reported weaker than expected earnings for the first half of 2020, dragged by lower contributions from its restaurants associate Maxim.
However, Dairy Farm' s grocery retail segment saw strong sales traction in H1 2020 as consumers stayed home, with sales growing 5 per cent year on year to US$2.8 billion.
Giant store remodelling, group procurement, new upscale formats helped to drive efficiency and strong turnaround momentum, especially in Singapore and Malaysia, Mr Yeo and Mr Sim said in another research note on Thursday.
Dairy Farm is also on course for a turnaround, with store-level initiatives showing improvement in H1 2020.
" We expect more efficiency benefits to come from ongoing management initiatives that will put DFI (Dairy Farm) on track for earnings improvement and re-rating over the long term," Mr Yeo and Mr Sim said.
Take as reference only:
DBS has a TP of $1.91 for Sheng Siong
DBS has a TP of $1.91 for Sheng Siong