Sheng Siong    Last:1.74    -0.01

Sheng Siong

Fish Monger and Seafood Supplier, Chicken Supplier also buy...

 

 

It's possible for the ahbengs to corner this stock?

AnthonyTan      ( Date: 19-Aug-2011 11:08) Posted: Are the ahbengs supporting the share price? Appearing to be so. AnthonyTan      ( Date: 18-Aug-2011 14:43) Posted: The ahbengs r supporting this burger. Majority of the shares r private placement.

 

Actually the main attraction is the 90% dividend, if I am not wrong...

          For that alone, anyone will grab it... lol... 

 

Supported by MIW

AnthonyTan      ( Date: 19-Aug-2011 11:01) Posted: Surprise to see the share price holding well. Any syndicate involved?

 

LOL AHBENG!? wth...then they support buybuybuy they ltr lose money how?

AnthonyTan      ( Date: 19-Aug-2011 11:08) Posted: Are the ahbengs supporting the share price? Appearing to be so. AnthonyTan      ( Date: 18-Aug-2011 14:43) Posted: The ahbengs r supporting this burger. Majority of the shares r private placement.

 

Are the ahbengs supporting the share price?

Appearing to be so.

AnthonyTan      ( Date: 18-Aug-2011 14:43) Posted: The ahbengs r supporting this burger. Majority of the shares r private placement.

 

Surprise to see the share price holding well.

Any syndicate involved?

 

 

Many X deal is done on 0.360c, yet many  sellers sold  at 0.355c, especially after trading hours.

Sheng Siong

.335

.355

+.015c

+4.4%

Vol-100,589,000

70,000

0.355

0.360

8,621,000

Hi-0.365

Lo-0.335

xing78      ( Date: 18-Aug-2011 15:51) Posted: 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   francisd      ( Date: 18-Aug-2011 15:00) Posted: Singapore Hot Stocks-Sheng Siong rises on defensive play SINGAPORE, Aug 18 (Reuters) - Shares of Singapore supermarket operator Sheng Siong rose as much as 7.4 percent 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 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.

 

Bye bye sheng siong...Tomorrow confirm lau sai big time !!!

 

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

 

francisd      ( Date: 18-Aug-2011 15:00) Posted: Singapore Hot Stocks-Sheng Siong rises on defensive play SINGAPORE, Aug 18 (Reuters) - Shares of Singapore supermarket operator Sheng Siong rose as much as 7.4 percent 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 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.

 

Singapore Hot Stocks-Sheng Siong rises on defensive play



SINGAPORE, Aug 18 (Reuters) - Shares of Singapore supermarket operator Sheng Siong rose as much as 7.4 percent 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 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.

 

The Ahbengs " oo lui" ... (rich)... 

AnthonyTan      ( Date: 18-Aug-2011 14:43) Posted: The ahbengs r supporting this burger. Majority of the shares r private placement.

 

The ahbengs r supporting this burger. Majority of the

shares r private placement.

 

HAHA ! I think hutchison port already gave me a hard lesson to learn... Sorry but i will never touch it. I rather buy Popular !!!

AnthonyTan      ( Date: 18-Aug-2011 13:26) Posted: They are the suppliers, fish, chicken, meat, vegetables, fruits, drinks, etc, etc,   JUNWEI9756      ( Date: 18-Aug-2011 12:23) Posted: This counter cannot tahan long one... I think those kawan kawan of Sheng siong boss give him face help him support for a few day... after that bye bye liao !!

 

But if they dont go and support... This counter pengsan even more right ? am i correct ? 

iPunter      ( Date: 18-Aug-2011 13:02) Posted: How can say lke that? If buy and buy,             skali, market drop they sure also pengsan, right?                 all depends on the market mood... JUNWEI9756      ( Date: 18-Aug-2011 12:23) Posted: This counter cannot tahan long one... I think those kawan kawan of Sheng siong boss give him face help him support for a few day... after that bye bye liao !!

 

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.

bishan22      ( Date: 17-Aug-2011 21:21) Posted: SINGAPORE: Local supermarket group Sheng Siong, which made its debut on the Singapore Exchange on Wednesday, was the second most actively traded stock. Its shares rose in a falling market, and ended at 34 cents. That's about three per cent cent higher than its IPO price of 33 cents. The company raised S$116 million from its initial share sale. Analysts say investors may be attracted to Sheng Siong's 90 per cent dividend yield and its strong local branding. While encouraged by its stock market performance, Sheng Siong said it is more focused on achieving real business results. Sheng Siong Group CEO Lim Hock Chee said: " We're happy with the response from investors and the trading volume, given the current macroeconomic environment.  " But what we are more focused on is our core business, our supermarkets and our sales results."

 

They are the suppliers, fish, chicken, meat, vegetables, fruits,

drinks, etc, etc,

 

JUNWEI9756      ( Date: 18-Aug-2011 12:23) Posted: This counter cannot tahan long one... I think those kawan kawan of Sheng siong boss give him face help him support for a few day... after that bye bye liao !!

 

How can say lke that? If buy and buy,

            skali, market drop they sure also pengsan, right?

                all depends on the market mood...

JUNWEI9756      ( Date: 18-Aug-2011 12:23) Posted: This counter cannot tahan long one... I think those kawan kawan of Sheng siong boss give him face help him support for a few day... after that bye bye liao !!

 

This wan no horse run, someone is going to run naked soon hor...haha