Highlights
SGX: Sheng Siong (OV8)       SHENG SIONG GROUP LTD
Last Price Today's Change   Day's Range   Trading Volume
0.965   +0.005 (0.52%)  0.935 - 0.965  2,289,600

Overview

Avg Volume (4 weeks):2,544,195
4 Weeks Range:0.92 - 0.97
4 Weeks Price Volatility (%):
90.00%
52 Weeks Range:0.895 - 1.045
52 Weeks Price Volatility (%):
46.67%
Average Price Target: 1.10
Price Target Upside/Downside: +0.135

Headlines

Date Subject
30-Oct-2017 Sheng Siong Group: Core 9M17 Results Within Expectations
27-Oct-2017 Sheng Siong Group: Core 9M17 Within Our Expectations
13-Sep-2017 Sheng Siong Group: Opportunities Exist for New Stores
07-Sep-2017 Sheng Siong Group: Evolving Grocery Landscape
14-Jul-2017 Sheng Siong Group: Broader Sector Sees Resilience
03-May-2017 Sheng Siong Group: All Eyes on New Store Opportunities
02-May-2017 Sheng Siong Group: 1Q17 Results Within Our Expectations
02-May-2017 DBS, CCT, Manulife REIT, Sheng Siong, Sabana REIT, Oxley, Micro-Mechanics, Venture, Tianjin Zhongxin, UIC, Jardine C&C
28-Apr-2017 Sheng Siong 1Q earnings up 4.4% to $17.1 mil on higher revenue from new stores
14-Mar-2017 Consumer sector: Awaiting signs for a sustained pick-up in consumption
08-Mar-2017 Breathing room for Sheng Siong as 'irrational' bidding for HDB sites eases
27-Feb-2017 Why it will be tougher times ahead for Sheng Siong
24-Feb-2017 Sembcorp, Q&M, Global Premium Hotels, China Aviation Oil, Sheng Siong, Hi-P
23-Feb-2017 Sheng Siong full year earnings grow 10.3% to $62.7 mil
22-Feb-2017 Here are some stocks DBS says should benefit from Budget 2017
01-Feb-2017 Consumer space still offers attractive growth
01-Feb-2017 Consumer sector: Still an attractive space
22-Dec-2016 Sheng Siong's The Verge outlet fails to extend lease
14-Dec-2016 Sheng Siong outgunned in supermarket wars. Is it a worry?
30-Nov-2016 This consumer stock should remain steady in the face of stronger competition

Business Background

Sheng Siong Group Ltd. is one of Singapore's largest retailers with over S$628.4 million in revenue for FY2010. Sheng Siong is principally engaged in operating the Sheng Siong Groceries Chain, including 23 stores all across Singapore. The Group's stores are primarily located in retail locations in the heartlands of Singapore, and designed to provide its customers with both "wet and dry" shopping options, including a wide assortment of live, fresh and chilled produce, such as seafood, meat and vegetables, in addition to processed, packaged and or preserved food products as well as general merchandise such as toiletries and essential household products. Sheng Siong has developed a selection of housebrands to offer customers quality alternatives to national brands at substantial savings. Sheng Siong offers over 300 products under its 10 housebrands, ranging from food products to paper goods.

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queenfit any idea why drop so much today?
04/09/2014 13:41
0549617 right issue
04/09/2014 16:24
0549617 Sheng Siong Group is proposing to place out 120 million shares at 67 cents each.

The placement price represents a discount of 5.37% to the volume weighted average price of $0.708 for trades done on the SGX on Sep 3.

The placement shares represent 7.98% of the enlarged issued share capital of 1.5 billion shares after the issuance and allotment of the new shares.

The placement will allow the company to raise gross proceeds of $80.4 million.

The group intends to use 98% to 99% of the gross proceeds will be used to finance the future expansion plans of the group in Singapore which includes the acquisition of properties for new retail outlets.

Sheng Siong says it intends to continue to distribute up to 90% of its net profit after tax to its shareholders for the financial years ending 31 December 2015 and 31 December 2016 as dividends.
04/09/2014 16:27
queenfit its proposal only.. can drop to 67 cents. No meaning to the right issue then?
04/09/2014 17:04


 

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