IPO
Sheng Siong - Spore s 2nd Largest Grocery Chain
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1-17 of 17
Didn't make money, no mood to sing song.
pharoah88 ( Date: 06-Jul-2011 09:41) Posted:
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sIng sOng ? ? ? ?
Most recent ipo when listed, all under water, hahaha
Heard tat the suppliers oso contributed to the weekly
television gameshow. Any forumers heard this? Care
to share.
Andrew ( Date: 04-Jul-2011 22:57) Posted:
Wow, this is going to be exciting.....recession proof Sing Dollar asset class. The stronger the SGD the better it gets !!!
Wait....must see the prospectus first...
Sheng Siong, which is Singapore's second-largest grocery chain by revenue, lodged its
preliminary prospectus this week. The chain runs 23 stores in Singapore, and is
well-known for its weekly television gameshow.
Sheng Siong's net profit for the fiscal year ended Dec 31, 2010, stood at $42.6 million, rose
30 per cent over the year from $33.6 million against a stronger gross profit margin, its
prospectus showed.
Courtesy of AmFraser
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SO WAT?????? We r talking abt this supermarket need fund and is asking the
public to subscript to the ipo.
Andrew ( Date: 05-Jul-2011 23:41) Posted:
Trust me, the gross margin for non-durable goods are easily 100%. If they sell half, they breakeven.
BTW, have you heard, one of the boss son is LHL son-in-law ??
yummygd ( Date: 05-Jul-2011 22:47) Posted:
| i used to think if a super market ipoed i will wanna buy but den i heard from my friend who worked in cold storage (one of e extremely busy location) and he said his store is forever in e loss....due to food spoil and theft. den i went oh okie if this store is not makin money no other super market will...seriously...
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EPS is 3 cents before IPO, NAV also around 3 cents before IPO. Do your sums, I might wait for a lower price, somewhere below 20 cents.
Trust me, the gross margin for non-durable goods are easily 100%. If they sell half, they breakeven.
BTW, have you heard, one of the boss son is LHL son-in-law ??
yummygd ( Date: 05-Jul-2011 22:47) Posted:
| i used to think if a super market ipoed i will wanna buy but den i heard from my friend who worked in cold storage (one of e extremely busy location) and he said his store is forever in e loss....due to food spoil and theft. den i went oh okie if this store is not makin money no other super market will...seriously...
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i used to think if a super market ipoed i will wanna buy but den i heard from my friend who worked in cold storage (one of e extremely busy location) and he said his store is forever in e loss....due to food spoil and theft. den i went oh okie if this store is not makin money no other super market will...seriously...
how u know they selling flower?
some of them selling shit also say it smells the nicest..
xing78 ( Date: 04-Jul-2011 23:56) Posted:
Prospectus worth reading meh?
Anyone selling flower will tell you their flower smell the nicest.
hahaha
Andrew ( Date: 04-Jul-2011 23:53) Posted:
Chey.......I thought you read the book alredi.
They just log the pro this week leh......How do I know ??
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Frankly, IPO is for fun and training for me lor......don't get alot of money.
So far every IPO I buy make money.
Contrary to what you believe, it is predictable as all the info is stated in the book therein.
warrenbegger ( Date: 05-Jul-2011 00:15) Posted:
Sheng siong look not bad for me, but i wont play IPO.
I will see how it perform at least 2 week first :)
I wont predict the unpredictable, i want to see the real fact first :)
To get my best odds and %... |
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Sheng siong look not bad for me, but i wont play IPO.
I will see how it perform at least 2 week first :)
I wont predict the unpredictable, i want to see the real fact first :)
To get my best odds and %...
Prospectus worth reading meh?
Anyone selling flower will tell you their flower smell the nicest.
hahaha
Andrew ( Date: 04-Jul-2011 23:53) Posted:
Chey.......I thought you read the book alredi.
They just log the pro this week leh......How do I know ??
xing78 ( Date: 04-Jul-2011 23:38) Posted:
Brother... you must be joking to compare Sheng Siong with NTUC " Fair-Price" and Giant.
By the way, I go to Tesco, Jusco or Giant for my monthly groceries up north and the trusted " MAMA" shop for daily cigarettes.
What are the tangible assets that Sheng Siong own by the way.
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Chey.......I thought you read the book alredi.
They just log the pro this week leh......How do I know ??
xing78 ( Date: 04-Jul-2011 23:38) Posted:
Brother... you must be joking to compare Sheng Siong with NTUC " Fair-Price" and Giant.
By the way, I go to Tesco, Jusco or Giant for my monthly groceries up north and the trusted " MAMA" shop for daily cigarettes.
What are the tangible assets that Sheng Siong own by the way.
Andrew ( Date: 04-Jul-2011 23:33) Posted:
Have you been to Sheng Siong before ?
Anyone here never been to Sheng Siong and shop there.......handup !!
There is only 3 brand left......Fair Price, Giant and Sheng Siong.......so which one do you go to |
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Brother... you must be joking to compare Sheng Siong with NTUC " Fair-Price" and Giant.
By the way, I go to Tesco, Jusco or Giant for my monthly groceries up north and the trusted " MAMA" shop for daily cigarettes.
What are the tangible assets that Sheng Siong own by the way.
Andrew ( Date: 04-Jul-2011 23:33) Posted:
Have you been to Sheng Siong before ?
Anyone here never been to Sheng Siong and shop there.......handup !!
There is only 3 brand left......Fair Price, Giant and Sheng Siong.......so which one do you go to ?
xing78 ( Date: 04-Jul-2011 23:19) Posted:
Will Sheng Siong rally like ZhongMin BaiHui?
I gonna give it a miss since the $ raise in IPO would probably be use to repay current debts.
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Have you been to Sheng Siong before ?
Anyone here never been to Sheng Siong and shop there.......handup !!
There is only 3 brand left......Fair Price, Giant and Sheng Siong.......so which one do you go to ?
xing78 ( Date: 04-Jul-2011 23:19) Posted:
Will Sheng Siong rally like ZhongMin BaiHui?
I gonna give it a miss since the $ raise in IPO would probably be use to repay current debts.
Andrew ( Date: 04-Jul-2011 22:57) Posted:
Wow, this is going to be exciting.....recession proof Sing Dollar asset class. The stronger the SGD the better it gets !!!
Wait....must see the prospectus first...
Sheng Siong, which is Singapore's second-largest grocery chain by revenue, lodged its
preliminary prospectus this week. The chain runs 23 stores in Singapore, and is
well-known for its weekly television gameshow.
Sheng Siong's net profit for the fiscal year ended Dec 31, 2010, stood at $42.6 million, rose
30 per cent over the year from $33.6 million against a stronger gross profit margin, its
prospectus showed.
Courtesy of AmFraser
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Will Sheng Siong rally like ZhongMin BaiHui?
I gonna give it a miss since the $ raise in IPO would probably be use to repay current debts.
Andrew ( Date: 04-Jul-2011 22:57) Posted:
Wow, this is going to be exciting.....recession proof Sing Dollar asset class. The stronger the SGD the better it gets !!!
Wait....must see the prospectus first...
Sheng Siong, which is Singapore's second-largest grocery chain by revenue, lodged its
preliminary prospectus this week. The chain runs 23 stores in Singapore, and is
well-known for its weekly television gameshow.
Sheng Siong's net profit for the fiscal year ended Dec 31, 2010, stood at $42.6 million, rose
30 per cent over the year from $33.6 million against a stronger gross profit margin, its
prospectus showed.
Courtesy of AmFraser
|
|
Wow, this is going to be exciting.....recession proof Sing Dollar asset class. The stronger the SGD the better it gets !!!
Wait....must see the prospectus first...
Sheng Siong, which is Singapore's second-largest grocery chain by revenue, lodged its
preliminary prospectus this week. The chain runs 23 stores in Singapore, and is
well-known for its weekly television gameshow.
Sheng Siong's net profit for the fiscal year ended Dec 31, 2010, stood at $42.6 million, rose
30 per cent over the year from $33.6 million against a stronger gross profit margin, its
prospectus showed.
Courtesy of AmFraser
