Latest Forum Topics / Sheng Siong Last:1.64 -0.01 | Post Reply |
Sheng Siong
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Richman
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19-Aug-2011 11:51
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Fish Monger and Seafood Supplier, Chicken Supplier also buy...   |
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AnthonyTan
Elite |
19-Aug-2011 11:32
Yells: "patience" |
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It's possible for the ahbengs to corner this stock?
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iPunter
Supreme |
19-Aug-2011 11:20
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Actually the main attraction is the 90% dividend, if I am not wrong...           For that alone, anyone will grab it... lol...  |
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Joe2020
Veteran |
19-Aug-2011 11:15
Yells: "I am the Oracle sent forth unto you that ye shall be warned" |
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Supported by MIW
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Bloodybloke
Member |
19-Aug-2011 11:14
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LOL AHBENG!? wth...then they support buybuybuy they ltr lose money how?
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AnthonyTan
Elite |
19-Aug-2011 11:08
Yells: "patience" |
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Are the ahbengs supporting the share price? Appearing to be so.
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AnthonyTan
Elite |
19-Aug-2011 11:01
Yells: "patience" |
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Surprise to see the share price holding well. Any syndicate involved? |
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krisluke
Supreme |
18-Aug-2011 20:41
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Shares of Singapore supermarket operator Sheng Siong (SHEN.SI) rose as much as 7.4% on Thursday, one day after it made its trading debut, on hopes that its business is recession-proof and on the company’s promise of a relatively high pay-out.
 
At 11:57 a.m., Sheng Siong shares were up 4.4% at $0.355, which was 7.6% above its IPO price of $0.33. Nearly 70 million shares had been traded.
 
“It’s a defensive business. Recession or no recession, the business will still be doing all right because they are selling daily necessities,” said a local trader.
 
The company’s plan to distribute up to 90% of its net profit for 2011 and 2012 may also have lured some investors in search of a relatively high pay-out, traders said.
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teeth53
Supreme |
18-Aug-2011 19:32
Yells: "don't learn through life, learn to grow with life " |
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Many X deal is done on 0.360c, yet many  sellers sold  at 0.355c, especially after trading hours.
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JUNWEI9756
Supreme |
18-Aug-2011 19:25
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Bye bye sheng siong...Tomorrow confirm lau sai big time !!! | ||||||||||||||||||
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xing78
Elite |
18-Aug-2011 15:51
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I do not favor holding Sheng Siong for long term investment. Unless they start expanding out of Singapore (properties investment?), it is difficult to expect any spectacular earnings % gains YoY. This would hold true, if the Singapore Government has a policy in place to limit the number of foreign workers after the massive influx that occurs from past few years. A pump and dump counter in my opinion.  Good Luck :p  
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francisd
Veteran |
18-Aug-2011 15:00
Yells: "BUY LOW SELL HIGH" |
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Singapore Hot Stocks-Sheng Siong rises on defensive play SINGAPORE, Aug 18 (Reuters) - Shares of Singapore supermarket operator Sheng Siong At 0357 GMT, Sheng Siong shares were up 4.4 percent at S$0.355, which was 7.6 percent above its IPO price of S$0.33. Nearly 70 million shares had been traded. " It's a defensive business. Recession or no recession, the business will still be doing all right because they are selling daily necessities," said a local trader. The company's plan to distribute up to 90 percent of its net profit for 2011 and 2012 may also have lured some investors in search of a relatively high pay-out, traders said. |
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iPunter
Supreme |
18-Aug-2011 14:47
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The Ahbengs " oo lui" ... (rich)... 
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AnthonyTan
Elite |
18-Aug-2011 14:43
Yells: "patience" |
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The ahbengs r supporting this burger. Majority of the shares r private placement. |
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JUNWEI9756
Supreme |
18-Aug-2011 13:57
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HAHA ! I think hutchison port already gave me a hard lesson to learn... Sorry but i will never touch it. I rather buy Popular !!!
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JUNWEI9756
Supreme |
18-Aug-2011 13:55
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But if they dont go and support... This counter pengsan even more right ? am i correct ? 
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s100125
Senior |
18-Aug-2011 13:31
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Looking specifically at the net profit margin for Sheng Siong, it looks unappealing to me at 6.78%. With such a huge discrepancy compared to its gross profit margin of 21.76%, we can derive the conclusion that the grocery retail industry is highly focused on price of goods, because it’s highly capital intensive in terms of operations and manpower aspects. This in turn will adversely affect Sheng Siong’s retained earnings, which will hamper expansion and shareholders’ interest. The rest of the financials looked okay with good net cash (good operating cash flow but with considerable borrowings) and acceptable debt. Some positive points is their good dividend payout (90% of net profits) – sustainability issue.  Keen investors should look at post-IPO performance and go in at the $0.22 +/- 0.03 level to have an good margin of safety.
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AnthonyTan
Elite |
18-Aug-2011 13:26
Yells: "patience" |
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They are the suppliers, fish, chicken, meat, vegetables, fruits, drinks, etc, etc,  
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iPunter
Supreme |
18-Aug-2011 13:02
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How can say lke that? If buy and buy,             skali, market drop they sure also pengsan, right?                 all depends on the market mood...
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JJSeng
Senior |
18-Aug-2011 12:37
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This wan no horse run, someone is going to run naked soon hor...haha   |
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