Sheng Siong    Last:1.86    -0.02

Sheng Siong

Sheng Siong hits 0.52.

 

Hee Hee, what our friend meant was perhaps, one can safely promise anything to anyone on February 30th!

JUNWEI9756      ( Date: 29-Aug-2011 00:22) Posted: 27th of August is a saturday.. SGX not trading.. how can sheng siong go pass 50 cents ? LOL. alanghc2020      ( Date: 29-Aug-2011 00:18) Posted: Another show after PE２ ０ １ １

 

27th of August is a saturday.. SGX not trading.. how can sheng siong go pass 50 cents ? LOL.

alanghc2020      ( Date: 29-Aug-2011 00:18) Posted: Another show after PE２ ０ １ １ warrenbegger      ( Date: 26-Aug-2011 21:28) Posted: If Sheng Siong can go past 0.50 tomorrow, i will run through the whole orchard road naked!!! And when news reporting whos our new president, i will also run naked behind the TV screen!!! Cheers!!!

 

Another show after PE２ ０ １ １

warrenbegger      ( Date: 26-Aug-2011 21:28) Posted: If Sheng Siong can go past 0.50 tomorrow, i will run through the whole orchard road naked!!! And when news reporting whos our new president, i will also run naked behind the TV screen!!! Cheers!!!

 

Sometime, it may end up like GSP. It went up to a high $1 and even a low $2 :P

louis001      ( Date: 28-Aug-2011 21:09) Posted: even if it breaks 0.50, there is no guarantee it will continue upside...... it's been up 50% over the past week...it is becoming more scary now.....  remember " pump and dump" ....

 

Anyway, will just dump to them tomorrow.

teeth53      ( Date: 28-Aug-2011 21:11) Posted: It is often and most likely that anaylst said " not to up beat." I said, it is good to buy and  when anaylst said is good and up beat and even can come out with a new target price. I said it about time to take some profit. As always  anaylst  oso like to profit from what they said.  hpong5      ( Date: 28-Aug-2011 16:32) Posted: Analysts are not too upbeat on the prospects of the stock as growth potential may be limited. The family-run business has priced its shares at 33 cents apiece and plans to raise S$116 million from the share sale. It is selling a total of about 351.5 million shares, comprising 201.5 million new shares and 150 million vendor shares. The firm's three founders - brothers Lim Hock Chee, Lim Hock Eng and Lim Hock Leng - will receive S$48.3 million from the sale of their stakes while the issue of new shares will net S$62.6 million. Post-listing, the firm is expected to have a market capitalisation of S$442.7 million. Sheng Siong posted a net profit of S$42.6 million and revenues of S$628.4 million for the fiscal year ended December 2010. Sheng Siong said it intends to pay out up to 90 per cent of its net profit for this year and 2012 as dividends. Still, analysts are sceptical on the stock as they see limited growth potential. Ng Kian Teck, investment analyst at SIAS Research, said: "A bulk of their IPO proceeds is actually used to pay off loans as well as to build up their warehouse facilities, which actually helps in terms of the cost management, but not so much of the top-line strategy."

 

It is often and most likely that anaylst said " not to up beat." I said, it is good to buy and  when anaylst said is good and up beat and even can come out with a new target price. I said it about time to take some profit.

As always  anaylst  oso like to profit from what they said. 

hpong5      ( Date: 28-Aug-2011 16:32) Posted: Analysts are not too upbeat on the prospects of the stock as growth potential may be limited. The family-run business has priced its shares at 33 cents apiece and plans to raise S$116 million from the share sale. It is selling a total of about 351.5 million shares, comprising 201.5 million new shares and 150 million vendor shares. The firm's three founders - brothers Lim Hock Chee, Lim Hock Eng and Lim Hock Leng - will receive S$48.3 million from the sale of their stakes while the issue of new shares will net S$62.6 million. Post-listing, the firm is expected to have a market capitalisation of S$442.7 million. Sheng Siong posted a net profit of S$42.6 million and revenues of S$628.4 million for the fiscal year ended December 2010. Sheng Siong said it intends to pay out up to 90 per cent of its net profit for this year and 2012 as dividends. Still, analysts are sceptical on the stock as they see limited growth potential. Ng Kian Teck, investment analyst at SIAS Research, said: "A bulk of their IPO proceeds is actually used to pay off loans as well as to build up their warehouse facilities, which actually helps in terms of the cost management, but not so much of the top-line strategy."

 

even if it breaks 0.50, there is no guarantee it will continue upside......

it's been up 50% over the past week...it is becoming more scary now..... 

remember " pump and dump" .... 

 

Hopefully can break 0.50 barrier otherwise maybe all the way down. Will enter again if hit 0.505.

 

Maybe can sell above 0.50 to the BBs tomorrow. Remember to leave some for others.

teeth53      ( Date: 28-Aug-2011 19:50) Posted: Contra players, BBs may hav found some understanding with others players in gauging on how far Sheng Siong (SS-OV8) can go. lossing out would be stocks like Genting SP and GAR. Last week  flavourite was Sheng Siong and this week it look a certain win again for SS (OV8).   hpong5      ( Date: 28-Aug-2011 14:54) Posted: Those big contra players sure smiling to the banks next week. Just in time for them to sell at higher price to others

 

Contra players, BBs may hav found some understanding with others players in gauging on how far Sheng Siong (SS-OV8) can go. lossing out would be stocks like Genting SP and GAR. Last week  flavourite was Sheng Siong and this week it look a certain win again for SS (OV8).

 

hpong5      ( Date: 28-Aug-2011 14:54) Posted: Those big contra players sure smiling to the banks next week. Just in time for them to sell at higher price to others. teeth53      ( Date: 28-Aug-2011 12:43) Posted: In Dyna Mac, it was depended on Keppel for business, and it clinical cycle, as now on world business tend to slow down and Keppel depend on much on international business to grow it wealth. Is d other way round for Sheng Siong. This coming week SS can be able ti achive new high, in between profit taking, it is possible, it can be another Genting SP beginning next year, closer to CNY.

 

Analysts are not too upbeat on the prospects of the stock as growth potential may be limited. The family-run business has priced its shares at 33 cents apiece and plans to raise S$116 million from the share sale. It is selling a total of about 351.5 million shares, comprising 201.5 million new shares and 150 million vendor shares. The firm's three founders - brothers Lim Hock Chee, Lim Hock Eng and Lim Hock Leng - will receive S$48.3 million from the sale of their stakes while the issue of new shares will net S$62.6 million. Post-listing, the firm is expected to have a market capitalisation of S$442.7 million. Sheng Siong posted a net profit of S$42.6 million and revenues of S$628.4 million for the fiscal year ended December 2010. Sheng Siong said it intends to pay out up to 90 per cent of its net profit for this year and 2012 as dividends. Still, analysts are sceptical on the stock as they see limited growth potential. Ng Kian Teck, investment analyst at SIAS Research, said: "A bulk of their IPO proceeds is actually used to pay off loans as well as to build up their warehouse facilities, which actually helps in terms of the cost management, but not so much of the top-line strategy."

 

Those big contra players sure smiling to the banks next week. Just in time for them to sell at higher price to others.

teeth53      ( Date: 28-Aug-2011 12:43) Posted: In Dyna Mac, it was depended on Keppel for business, and it clinical cycle, as now on world business tend to slow down and Keppel depend on much on international business to grow it wealth. Is d other way round for Sheng Siong. This coming week SS can be able ti achive new high, in between profit taking, it is possible, it can be another Genting SP beginning next year, closer to CNY.

 

Hope they continue to pump up the share price tomorrow since they have only managed to pump up just 50% from 0.33 IPO price to the current 0.49 level. Tomorrow pump above 0.50 to make everyone very very rich.

 

To monitor those BBs selling......

http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/company_announcements

teeth53      ( Date: 28-Aug-2011 13:47) Posted: Name of share holders / Funded institution alloted placement. JF Asset Management Limited 34,830,000 millon shares Prudential Asset Management (Singapore) Limited 28,400,000 million shares FIL Investment Management (Hong Kong) Limited 21,400,000 million shares VPL Funds 18,000,000 million shares, and Kenrich Partners Pte Ltd 19,250,000 million shares Moratorium: To demonstrate their commitment to our Company, our Executive Directors, Mr. Lim Hock Chee, Mr. LimHock Eng, and Mr. Lim Hock Leng: (1) have undertaken to the Issue Manager and our Company not to offer, sell, contract to sell, grant any option or right to acquire, or otherwise transfer or dispose of any part of their respective shareholdings in our Company immediately after the Invitation for a period of six (6) mths (2) have procured that SS Holdings has undertaken to the Issue Manager and our Company not to offer, sell, contract to sell, grant any option or right to acquire, or otherwise transfer or dispose of any part of SS Holdings’ shareholdings in our Company immediately after the Invitation for a period of six (6) mths. (3) have further undertaken to the Issue Manager and our Company not to offer, sell, contract to sell, grant any option or right to acquire, or otherwise transfer or dispose of any part of their respective shareholdings in SS Holdings immediately after the Invitation for a period of six (6) mths.

 

Name of share holders / Funded institution alloted placement.

JF Asset Management Limited 34,830,000 millon shares
Prudential Asset Management (Singapore) Limited 28,400,000 million shares
FIL Investment Management (Hong Kong) Limited 21,400,000 million shares
VPL Funds 18,000,000 million shares, and
Kenrich Partners Pte Ltd 19,250,000 million shares

Moratorium: To demonstrate their commitment to our Company, our Executive Directors, Mr. Lim Hock Chee, Mr. LimHock Eng, and Mr. Lim Hock Leng:

(1) have undertaken to the Issue Manager and our Company not to offer, sell, contract to sell, grant
any option or right to acquire, or otherwise transfer or dispose of any part of their respective
shareholdings in our Company immediately after the Invitation for a period of six (6) mths

(2) have procured that SS Holdings has undertaken to the Issue Manager and our Company not to
offer, sell, contract to sell, grant any option or right to acquire, or otherwise transfer or dispose
of any part of SS Holdings’ shareholdings in our Company immediately after the Invitation for a
period of six (6) mths.

(3) have further undertaken to the Issue Manager and our Company not to offer, sell, contract to sell,
grant any option or right to acquire, or otherwise transfer or dispose of any part of their respective
shareholdings in SS Holdings immediately after the Invitation for a period of six (6) mths.

 

Pump it up, pump it up!

 

In Dyna Mac, it was depended on Keppel for business, and it clinical cycle, as now on world business tend to slow down and Keppel depend on much on international business to grow it wealth.

Is d other way round for Sheng Siong. This coming week SS can be able ti achive new high, in between profit taking, it is possible, it can be another Genting SP beginning next year, closer to CNY.

 

Lets hope the opening price tomorrow is 0.50.

 

I think x2 of IPO price ( 0.70) is a huge psychological barrier. Dyna Mac IPO was 0.350 and similarly it rose only to 0.70 before falling. Anyway probably you and Ipunter are more experienced. Hopefully both of you are right.

teeth53      ( Date: 28-Aug-2011 11:51) Posted: Till it arrive, and when arrive, the redbull is still charging...how?. just like in today situation. SS is more and more getting into defensive play, due to it nature of very micro business. Many, many buyers, many many profiting now. So look like BBs will oso look after small boys. Ipunter mentioned SS is apple of Singapore for now. Lossing out is would be Genting SP and GAR. Just sharing my trading experience, RachelG      ( Date: 27-Aug-2011 22:26) Posted: nonononono.................. Sheng Siong will only drop when it hit 0.695 :)