Monday, October 30, 2023

Sheng Siong - Wah, The power of Sheng Siong Show! Next month Sheng Siong show is back distributing 100x multiple to the lucky draw winner, Huat ah! The price likely to rally with the Show!

I think with the Sheng Siong Show going to telecast Live on Saturday evening at 9pm Live from Channel 8, the price may likely rising up again! 

Chart wise, 2 white soldiers spotted on the chart looks rather bullish!

Likely to rise up to cover the Gap at 1.60.

Pls dyodd.

 Chart wise,  bearish mode! 

Hopefully,  we may see a nice reversal and push the price back above 1.52. 

Next week, the Sheng Siong Show is back hopefully we may see price get lifted up again! 

Pls dyodd.

 3rd quarter results is out!

Total Revenue is up 3.7% to 345.8m.

EPS is up 5.9% to 2.31 cents. 

Net profit margin increase to 10.1 %.

I think the results is OK. 

Likely to see the same dividend r hogher declared for last year.

Yield is about 4.17% at 1.48 cents 

Pls dyodd.

 I think boat is back! At 1.52, yield is about 4%, awesome! 

Pls dyodd.

 I think good price is back! Their annual dividend of about 6.12 cents ( interim + final) is sustainable as it is able to grow their revenue from their businesses even during inflation.  Their outlet mainly located near the neighborhood housing development board flats where 80% of local are staying/owning. 

Their expansion plan is to add new stores in new hdb flats development area. They also venture out into China. 

At 1.53, yield is about 4% of which I think is quite a good yield level for selling essential household products.

Their track records for past 10 years has been rather positive as it is able to increase the dividend payout from 4 cents to 6.1 cents. 

She is trading near the strong support at 1.52.

Not a call to buy or sell!

Please dyodd.

Established in 1985 and listed on the Mainboard of the Singapore Exchange (SGX) in 2011, we are one of Singapore’s top retailers with over S$1.34 billion in annual sales revenue (FY2022). As of 2022, we operate in more than 65 locations across Singapore. With a current market capitalisation exceeding S$1.8 billion, Sheng Siong Group Ltd is one of the largest listed companies on the SGX.
At Sheng Siong, we strive to create value for our shareholders sustainably. In this section you will find all you need to know about our performance as a business.

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