Sheng Siong Group

[corydorus]

The online store, and extended operation hours, helped in pushing up both the GPM and NPM, with higher same-store sales, online sales, and higher margin items e.g. flesh products.

(happily vested)

Errrmmmm......CityFarmer..... O__o"

I do buy flesh products from Sheng Siong, ie. chicken, pork and fish.

No wonder SS margins so HIGH ! Will "Invest More" at right time HA HA

(Vested)

[Henri]

The online store, and extended operation hours, helped in pushing up both the GPM and NPM, with higher same-store sales, online sales, and higher margin items e.g. flesh products.

(happily vested)

Errrmmmm......CityFarmer..... O__o"

I do buy flesh products from Sheng Siong, ie. chicken, pork and fish.

No wonder SS margins so HIGH ! Will "Invest More" at right time HA HA

(Vested)

Current price $0.69, I guess Mr. Market is happy with the results from SSG... If dividend is going up 25% (based on 1H results and interim dividend) this year, I reckon the fair value to be $0.725 based on 5% yield.

I consider SSG recession and interest rate hike proof sector... any comments?

Any comments?

[CityFarmer]

The online store, and extended operation hours, helped in pushing up both the GPM and NPM, with higher same-store sales, online sales, and higher margin items e.g. flesh products.

(happily vested)

Errrmmmm......CityFarmer..... O__o"

I do buy flesh products from Sheng Siong, ie. chicken, pork and fish.

No wonder SS margins so HIGH ! Will "Invest More" at right time HA HA

(Vested)

Fresh items e.g. veg and meats, are very high margin items, which are available in the company online store, as well as in its retail stores.

RedMart is also targeting on similar products. There are hurdles to ensure the fresh items are delivered in expected quality, and with minimum waiting time. SS did it now, and RedMart is catching-up...

[Ben]

I have been sceptical on SS since day 1, and time and again it has proven me wrong. Congrats to those vested!

[NTL]

The online store, and extended operation hours, helped in pushing up both the GPM and NPM, with higher same-store sales, online sales, and higher margin items e.g. flesh products.

(happily vested)

Errrmmmm......CityFarmer..... O__o"

I do buy flesh products from Sheng Siong, ie. chicken, pork and fish.

No wonder SS margins so HIGH ! Will "Invest More" at right time HA HA

(Vested)

Fresh items e.g. veg and meats, are very high margin items, which are available in the company online store, as well as in its retail stores.

RedMart is also targeting on similar products. There are hurdles to ensure the fresh items are delivered in expected quality, and with minimum waiting time. SS did it now, and RedMart is catching-up...

As a decision maker in buying grocery, I will prefer to go to the store and pick the fresh produce myself. I can choose which packet of veg based on freshness and quality, and choose the meat based on the cut. Not all are equal.

Many times, I feel that Fairprice offer better quality fresh produce than SS. Just my opinion...

[CityFarmer]

I have been sceptical on SS since day 1, and time and again it has proven me wrong. Congrats to those vested!

I was hesitated to participate during its IPO, even after positive result from DD. It is the only IPO I regretted to-date.

To make sure I didn't miss it again, I decided to invest substantially, when the share price moved below 60 cents, with PE approx 20. The higher PE is compensated by an anticipated catalyst of profit hike mainly due to extended working hours and the online store.

I hope I am right and it is sustainable, and so far it is proven so.

(vested)

[CityFarmer]

Sheng Siong Group Ltd. (the “Company”) and its subsidiaries (the “Group”) currently operate a supermarket at Block 258 Pasir Ris Street 21 #01-333, Loyang Point Singapore 510258 (“Loyang Point Supermarket”), which has a retail area of approximately 5,950 square feet.

The Company wishes to announce that the Group has received notice to vacate the Loyang Point Supermarket premises in or around the second quarter of 2016 to facilitate upgrading works by the Housing & Development Board of Singapore. The Group has also been informed that it has been allocated a new retail space of approximately 7,200 square feet in the upgraded Loyang Point, which should be completed in or around the first quarter of 2017.
http://infopub.sgx.com/FileOpen/SSS_Loya...eID=306658

[CityFarmer]

One new initiative from Sheng Siong management...

Sheng Siong beefs up security at Woodlands branches

SINGAPORE — If the security presence at Sheng Siong supermarkets in Woodlands appears a little heavier than usual lately, it is due to a new initiative by the supermarket chain and the Jurong Police Division to deter shop theft and guard against the loss of property at the outlets.

Under a new Community Safety and Security Programme, frontline staff at Sheng Siong outlets in Woodlands are donning vests emblazoned with the words “Security. May I help you?”. This serves as both a warning of security personnel in the store and a friendly offer of assistance.

The staff will also be trained to spot potential thieves, making them de-facto security officers in combating shop theft at the supermarkets.

The initiative was launched on Saturday at the outlet in Woodlands Centre Road.

At the launch, Sheng Siong Supermarket chief executive officer Lim Hock Chee said the initiative would help prevent and deter shop theft as well as provide the best customer service at Sheng Siong Supermarkets.

Mr Lim also plans to introduce the initiative at all Sheng Siong outlets islandwide.
http://www.todayonline.com/singapore/she...s-branches

[wahkao]

I have been sceptical on SS since day 1, and time and again it has proven me wrong. Congrats to those vested!

I was hesitated to participate during its IPO, even after positive result from DD. It is the only IPO I regretted to-date.

To make sure I didn't miss it again, I decided to invest substantially, when the share price moved below 60 cents, with PE approx 20. The higher PE is compensated by an anticipated catalyst of profit hike mainly due to extended working hours and the online store.

I hope I am right and it is sustainable, and so far it is proven so.

(vested)

PE of 20 doesnt seem like much value......
its overpaying for future profits

[Ferns]

I have been sceptical on SS since day 1, and time and again it has proven me wrong. Congrats to those vested!

I was hesitated to participate during its IPO, even after positive result from DD. It is the only IPO I regretted to-date.

To make sure I didn't miss it again, I decided to invest substantially, when the share price moved below 60 cents, with PE approx 20. The higher PE is compensated by an anticipated catalyst of profit hike mainly due to extended working hours and the online store.

I hope I am right and it is sustainable, and so far it is proven so.

(vested)

PE of 20 doesnt seem like much value......
its overpaying for future profits

But it's still cheaper than Dairy Farm in terms of PE. So I'd rather choose SS.

(vested)