Sheng Siong Group

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Rainbow 
28 Apr 2020 Sheng Siong provided 1Q20 Update
https://links.sgx.com/FileOpen/SSG_1Q202...eID=608333
(click to read SGX announcement)

I will leave it to you to click and read 1Q20 result.
My thought:
1. When we move from DORSCON yellow to orange, certain stocks (you know what lar) that SS had been stocking up in 4Q19 was depleted immediately.
2. Thanks to SS foresight, they had been stocking up in 4Q19 that we had avoided food and supply disruption. Excellent!
3. Moving forward, SS will continue to stock up.
4. However, when the CB is relaxed, there might be a dip in SS revenue as consumer will need to deplete those food that they brought during CB.  
Take note.

Stay home and stay safe, everyone.
Reply
Rainbow 
28 Apr 2020 Sheng Siong provided 1Q20 Update
https://links.sgx.com/FileOpen/SSG_1Q202...eID=608333
(click to read SGX announcement)

I will leave it to you to click and read 1Q20 result.
My thought:
1. When we move from DORSCON yellow to orange, certain stocks (you know what lar) that SS had been stocking up in 4Q19 was depleted immediately.
2. Thanks to SS foresight, they had been stocking up in 4Q19 that we had avoided food and supply disruption. Excellent!
3. Moving forward, SS will continue to stock up.
4. However, when the CB is relaxed, there might be a dip in SS revenue as consumer will need to deplete those food that they brought during CB.  
Take note.

Stay home and stay safe, everyone.
Reply
This is probably where all the restaurant, hawker and foodcourt sales have gone. After giving staff a 1 months' bonus in April, the Lims have done the right thing by doubling the interim dividend payout from 1.75cts to 3.5cts for shareholders.

Sheng Siong Group’s net profit grew 150.7% yoy to S$46.2 million for 2Q2020

Revenue grew significantly by 75.8% in 2Q2020 of which 61.2 percentage points was contributed by comparable same store sales, 13.3 percentage points by new stores and 1.3 percentage points by the stores in China.

1H20 PR: https://links.sgx.com/FileOpen/SSG_2Q_1H...eID=625508
1H20 results: https://links.sgx.com/FileOpen/SSG_2Q_1H...eID=625507
Reply
This is probably where all the restaurant, hawker and foodcourt sales have gone. After giving staff a 1 months' bonus in April, the Lims have done the right thing by doubling the interim dividend payout from 1.75cts to 3.5cts for shareholders.

Sheng Siong Group’s net profit grew 150.7% yoy to S$46.2 million for 2Q2020

Revenue grew significantly by 75.8% in 2Q2020 of which 61.2 percentage points was contributed by comparable same store sales, 13.3 percentage points by new stores and 1.3 percentage points by the stores in China.

1H20 PR: https://links.sgx.com/FileOpen/SSG_2Q_1H...eID=625508
1H20 results: https://links.sgx.com/FileOpen/SSG_2Q_1H...eID=625507
Reply
huat har! Big Grin Big Grin Big Grin

this is the up side coming! retail sales went up the roof!!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
huat har! Big Grin Big Grin Big Grin

this is the up side coming! retail sales went up the roof!!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply


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