22-06-2014, 05:32 PM
(22-06-2014, 01:25 AM)Ferns Wrote: Recently started following Sheng Siong. I paid a visit to a few Sheng Siongs and I have to say it's pretty crowded and popular among the older crowd. While they have potential for growth locally, I don't think they can expand overseas.
So what's going to happen after establishing their presence in most of the HDB areas? Anyone has any thoughts on this?
Vested.
It will take a while before the company exhausted its growth in Singapore, IMO.
The company has 33 stores now, comparing with NTUC supermarket stores of slightly less than 100.
Malaysia expansion has been planned, but so far no further execution. I reckon it should be the first country for oversea venture.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡