Sheng Siong Group

[safetyfirst]

Sheng Siong share price continue to advance to $0.61, almost double from its IPO price of $0.33

This is the only IPO which i regret not to participate. I had done the homework and quite positive on it, but hold due to "fear" factor. A good lesson and I hope i will not repeat the same mistake again.

Retail is a very tough business. With other companies like NTUC, cold storage, shop & save, etc, it is unlikely that shengshiong has much of an edge over the rest. It is also unlikely to grow earnings to match the optimism in the current share price.

Many penny stocks are also quite overvalued nowadays