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Anyone use cfd Long this counter ?
Trader130 ( Date: 30-Jul-2020 09:24) Posted:
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Yeah, a bit of profit taking
brandon_kok ( Date: 30-Jul-2020 09:25) Posted:
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Do not spam 😂 😂 😂
Joelton ( Date: 30-Jul-2020 09:27) Posted:
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Sheng Siong' s Q2 net profit more than doubles to S$46.2m
SUPERMARKET chain Sheng Siong' s net profit more than doubled in its second quarter to S$46.2 million, from S$18.4 million a year ago, on the back of strong revenue growth, improved gross margin, and government grants.
Revenue for the three months ended June 30, 2020 rose 75.8 per cent to S$418.7 million, mainly on elevated demand from Covid-19, as consumers stocked up to guard against the risk of disruption to the supply chains.
At the same time, the implementation of the " circuit breaker" which disallowed dining-out also led to more people purchasing fresh food to cook and eat at home, it said. Meanwhile, revenue from its stores in Kunming, China continued to grow at a healthy pace.
Sheng Siong' s earnings per share rose to 3.07 Singapore cents, from 1.23 cents a year ago. Gross margin improved to 28.1 per cent, from 27.4 per cent a year ago, due to selling prices underpinned by strong demand, stable input prices thanks to diversification in sourcing, and more house-brand items sold which command a higher gross margin.
The company declared an interim cash dividend of 3.5 cent per share, double what it had paid a year ago.
It expects the elevated demand caused by Covid-19 to ease with the gradual reopening of the economy, while competition in the supermarket industry may stay keen due to e-commerce platforms which have gained better visibility during the circuit breaker.
The group continues to look to open new retail spaces. It opened a new supermarket at Sengkang West this month and will be taking vacant possession of another at Potong Pasir in August. It was also the successful bidder for another new outlet at Tampines and is awaiting the execution of the tenancy agreement.
" Competition for new HDB shops is still keen but bidding has become more rational," it said.
profit-taking today...red..
Sell down ?
Trader130 ( Date: 30-Jul-2020 09:12) Posted:
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Sheng Siong&rsquo s Q2 net profit surges on Covid-19 demand, doubles dividend
SUPERMARKET chain Sheng Siong&rsquo s net profit more than doubled in its second quarter to S$46.2 million, from S$18.4 million a year ago, on the back of strong revenue growth, improved gross margin and government grants.
Revenue for the three months ended June 30 rose 75.8 per cent to S$418.7 million, mainly on elevated demand from Covid-19, as consumers stocked up to guard against the risk of disruption to the supply chains.
And with the implementation of the &ldquo circuit breaker&rdquo or partial lockdown to break the chain of infection, dining out was disallowed, which led to more people purchasing fresh food to cook and eat at home, it said. Meanwhile, revenue from its stores in Kunming in China continued to grow at a healthy pace.
Sheng Siong&rsquo s earnings per share rose to 3.07 Singapore cents, from 1.23 cent a year ago. Gross margin improved to 28.1 per cent, from 27.4 per cent a year ago, due to selling prices underpinned by strong demand, stable input prices thanks to diversification in sourcing, and higher sales of house-brand items, which command a higher gross margin.
The company declared an interim cash dividend of 3.5 cent per share, double what it paid out a year ago.
It expects the elevated demand caused by Covid-19 to ease with the gradual reopening of the economy, while competition in the supermarket industry may stay keen as a result of e-commerce platforms gaining better visibility during the circuit breaker.
The group continues to look to open new retail spaces. It opened an outlet in Sengkang West this month and will be taking vacant possession of another outlet in Potong Pasir next month. It was also the successful bidder for another new outlet at Tampines and is awaiting the execution of the tenancy agreement.
&ldquo Competition for new HDB shops is still keen, but bidding has become more rational,&rdquo it said.
Sheng siong price expensive than Genting Singapore .. Power !!!!
wehuattogether88 ( Date: 29-Jul-2020 19:20) Posted:
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Cannot compare lah, 2 different industry
Trader130 ( Date: 30-Jul-2020 09:09) Posted:
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Sell on news market price in
Interestingly it did not gap up. Speaks a fair bit about the operator working on this.
Tmr sell on news........after up for 3cents all start to sell liao....be careful.
Gap up tomorrow?
Sheng Siong Group?s net profit grew 150.7% yoy to S$46.2 million for 2Q2020
? Revenue surged by 75.8% to S$418.7 million mainly driven by elevated demand arising from COVID-19
? Gross profit margin improved to 28.1% in 2Q2020 from 27.4% in 2Q2019
? Declare interim dividend of 3.5 cent per share
? Continue to seek for suitable retail spaces where the Group does not have a presence
? Revenue surged by 75.8% to S$418.7 million mainly driven by elevated demand arising from COVID-19
? Gross profit margin improved to 28.1% in 2Q2020 from 27.4% in 2Q2019
? Declare interim dividend of 3.5 cent per share
? Continue to seek for suitable retail spaces where the Group does not have a presence
Plus another $0.035 dividend. Tomorrow smelly smelly open $1.78.
Result out, record profit.
wehuattogether88 ( Date: 29-Jul-2020 15:16) Posted:
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Ok, that means people are buying now and looking for good results and a possible dividend.
look@bright ( Date: 29-Jul-2020 10:45) Posted:
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Last yr was 29th July
wehuattogether88 ( Date: 29-Jul-2020 10:40) Posted:
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When will be Sheng Siong' s 1H results annoucemnet?
Price don?t move up for no reason as this has always been a defensive stock. Only good news then will cause the price to move up north.
brandon_kok ( Date: 28-Jul-2020 19:46) Posted:
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