At Cold Storage, the staff were at least wearing gloves in the hand cutting the meat. Singapore property Positive Broker: New launches this year have achieved significant premiums over comparable projects launched in recent years.
Take a look at three food-related companies that performed well this quarter, and investors may consider adding them to their portfolios. It ended 1Q18 with 48 stores. Simeon, an LSE graduate, is currently the editor of Aspire.
We believe this is positive for Sheng Siong Group as it is generally reluctant to overbid for the sake of expanding. The construction of the new extension was initially estimated to add 10 per cent in capacity but based on recent conversation with management, it revealed that the extension would add 20 per cent more storage space.
A word of caution has to be said about a supply build-up in estimates. Always great to do on-the-ground research!
Your information is safe with us! Sheng Siong Group RHB Group Research, April 11 Our recent channel checks in some of the new Sheng Siong supermarkets suggest that the company has worked on improving its store display and brand image to appeal to the younger generation.
CIMB is positive about the performance of Sheng Siong as it managed to defend its gross profit margins despite the entrance of strong competitors such as Amazon Prime.
We forecast an interim dividend of 1. In my view, the IPO is launched during a challenging period, hence there is unlikely to be significant upside in the near term. It is likely to pitch itself as a stable business with strong cash flows that pays good dividend.
Assuming a similar EPS of 3. We like the stock for the uplift in store wins in FY18F, strong balance sheet and operating cash flows. The net profit margin for Dairy Farm for FY was around 5.
He specialises on topics surrounding trading psychology, politics and macroeconomics. A DPU of 3. The new stores are much neater and cleaner compared with some of the Giant stores. We hate spam too! Stripping off the higher than expected administrative expenses, operations of the group improved as gross profit and EBIT margins both went up by 0.
Should it fare badly during the initial period, it may not be a bad idea to buy some of the shares. The Company also operates a new warehouse at Mandai Link to improve its economies of scale.
Maybank Kim Eng, April 10 Fresh data points continue to validate our call for a property price rebound. Revenue came down slightly by 2. Overall, offshore and marine earnings before interest and taxes margin are likely to hover around 1 per cent to 3 per cent on lacklustre yard utilisation.MAYBANK KIM ENG: CIMB: Sheng Siong Group (SSG SP) At the Heartland of the Matter.
Not just resilient, winning market share; BUY. Excessive concerns about e-commerce disruptions led to SSG’s month underperformance of 10% against the STI, despite its results resilience.
Singapore’s Sheng Siong supermarket group is on track to open its 50th store this year, with bids in play for locations in Bukit Batok and Sumang Lane.
And an analyst familiar with the business, CGS-CIMB’s Cezzane See, says the group’s pipeline is robust, with at least 10 bids coming up before. And an analyst familiar with the business, CGS-CIMB’s Cezzane See, says the group’s pipeline is robust, with at least 10 bids coming up before the year is over.
“If successful, the wins could take Sheng Siong’s number of stores beyond the store target by the end of FY, and beyond six new store openings in FY (just shy of the.
Our recent grouse about Sheng Siong - its lack of new store growth over the past years - is about to change. Sheng Siong added a new store in a dormitory in December and its new Tampines site will open in January.
Broker: RHB Group Research, April 11 Our recent channel checks in some of the new Sheng Siong supermarkets suggest that the company has worked on improving its store display and brand image to. The Company was incorporated in Singapore on 10 November under the name of Sheng Siong Group Pte Ltd. The Company changed its name to Sheng Siong Group Ltd on 4 July in connection with its conversion to a public company limited.Download