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DMG upgrades Sheng Siong to buy |
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Written by Reuters
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Wednesday, 04 July 2012 10:01 |
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DMG & Partners upgraded supermarket chain operator Sheng Siong
Group to buy from neutral and raised its target price to $0.51 from
$0.45, citing an expected strong dividend payout.
At 9:33 a.m., shares of Sheng Siong were up 2.3% at $0.44, and have
remained unchanged so far this year, compared to the FT Small Cap
Index's 14.4% gain.
The brokerage said it expects Sheng Siong to keep dividend payout at
90% versus its previous estimate of 50%, given it has no large capital
expenditure plans in the near term and a positive working capital cycle.
DMG also raised its 2012-2013 earnings estimates for Sheng Siong by
about 0.8% to 1.5%, as two new stores are slated to open this month,
increasing its gross floor area by 10% this year. |
It has been moving, but slowly,
as you can see on the chart...
marcus28 ( Date: 21-May-2012 16:44) Posted:
| Why this fella not moving ?
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a norm after x-date ?
Why this fella not moving ?
Today at its lowest!! Good to buy in some?
Lucky i run road fast, today at 0.405 !!!
I was right to let go, but this rubbish broke my 20 in a row green. Puiii !!!
*Win 19 in a row green, with losing 4 in the row red behind. Profit around 85% VS Lost 15% value.
*I take a rest first. My win lose rate trend already show me whats the market wants liao :) Now waiting for the right data...warrenbegger ( Date: 30-Apr-2012 15:08) Posted:
Run ahhhhh!!!!!!
I sold all at 0.460 liao!!!!!!!!!!!!!!!!! |
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more likely should be the terms and conditions of their contract?
pehsei , i maybe paranoid, could it be the main directors( relatives) are offloading their shares and powers to Mr ah Tan because that the company is not making money or make a runaway or something? $14 millions dollars leh......
ChillX ( Date: 13-May-2012 22:33) Posted:
Haha... why? you prefer something like a lifetime supply of toilet paper instead? Give me the shares any day, man!
marcus28 ( Date: 11-May-2012 11:03) Posted:
Why so good huh?
Majority shareholders of supermarket chain Sheng Siong have made an unusual gift to one of the group's executive directors - 30 million of the company's shares worth almost $14 million.
In a filing to the Singapore Exchange on Friday, the group said that SS Holdings, the largest stakeholder in the company, will transfer 30 million ordinary shares to Mr Tan Ling San, who joined the firm in 2006, as a gift.
This works out to 2.17 per cent of its issued share capital.
SS Holdings is made up of the three Lim brothers - group chief executive Lim Hock Chee, executive chairman Lim Hock Eng and managing director Lim Hock Leng. |
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Haha... why? you prefer something like a lifetime supply of toilet paper instead? Give me the shares any day, man!
marcus28 ( Date: 11-May-2012 11:03) Posted:
Why so good huh?
Majority shareholders of supermarket chain Sheng Siong have made an unusual gift to one of the group's executive directors - 30 million of the company's shares worth almost $14 million.
In a filing to the Singapore Exchange on Friday, the group said that SS Holdings, the largest stakeholder in the company, will transfer 30 million ordinary shares to Mr Tan Ling San, who joined the firm in 2006, as a gift.
This works out to 2.17 per cent of its issued share capital.
SS Holdings is made up of the three Lim brothers - group chief executive Lim Hock Chee, executive chairman Lim Hock Eng and managing director Lim Hock Leng. |
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Why so good huh?
Majority shareholders of supermarket chain Sheng Siong have made an unusual gift to one of the group's executive directors - 30 million of the company's shares worth almost $14 million.
In a filing to the Singapore Exchange on Friday, the group said that SS Holdings, the largest stakeholder in the company, will transfer 30 million ordinary shares to Mr Tan Ling San, who joined the firm in 2006, as a gift.
This works out to 2.17 per cent of its issued share capital.
SS Holdings is made up of the three Lim brothers - group chief executive Lim Hock Chee, executive chairman Lim Hock Eng and managing director Lim Hock Leng.
Hmm... sheng siong is tempting.....
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Our pivot point stands at 0.458.
Our preference: the downside prevails as long as 0.458 is resistance.
Alternative scenario: the upside breakout of 0.458 would call for 0.474 and 0.484.
Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.47 and 0.48). Finally, Sheng Siong Group has penetrated its lower daily Bollinger band (0.44).
Supports and resistances:
0.474 *
0.458 **
0.451
0.425 last
0.406
0.397 **
0.388 *
Haha... anyway, you have your toilet paper pilferage back-up plan... so good luck with that...
warrenbegger ( Date: 30-Apr-2012 15:35) Posted:
After release this want die don't die sucker,
I feel so shoik liao :)
*I never look back or regrets after i sold, so many wonderful chicken out there for me to catch :)
*I lose in grace, win so many time liao lose this one consider very good and lucky liao, what else can i ask for?
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After release this want die don't die sucker,
I feel so shoik liao :)
*I never look back or regrets after i sold, so many wonderful chicken out there for me to catch :)
*I lose in grace, win so many time liao lose this one consider very good and lucky liao, what else can i ask for?
I think i bought the one you sold....
Never mind...No risk no gain ~~
warrenbegger ( Date: 30-Apr-2012 15:08) Posted:
Run ahhhhh!!!!!!
I sold all at 0.460 liao!!!!!!!!!!!!!!!!! |
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Run first better,
BBs keep running away day by day...
After XD + MAY effect don't know what will happen?
*This SuckSuck broke my 20 in a row, Puiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii @#$%! Nvm, i go for other better counter:)warrenbegger ( Date: 18-Apr-2012 23:51) Posted:
If this Mama shop let me lose,
I going to rob their rice, take their toilet paper, and steal their cooking OIL !!!
*Dividend of $17 per lots. XD on 8 May 2012. Free a row of toilet paper too :) |
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Run ahhhhh!!!!!!
I sold all at 0.460 liao!!!!!!!!!!!!!!!!!
