Highlights
SGX: Sheng Siong (OV8)       SHENG SIONG GROUP LTD
Last Price Today's Change   Day's Range   Trading Volume
1.09   +0.01 (0.93%)  1.07 - 1.09  11,937,800

Overview

Avg Volume (4 weeks):3,133,390
4 Weeks Range:0.995 - 1.09
4 Weeks Price Volatility (%):
100.00%
52 Weeks Range:0.895 - 1.09
52 Weeks Price Volatility (%):
100.00%
Average Price Target: 1.17
Price Target Upside/Downside: +0.08

Market Buzz

Date Type Subject
13-Jul-2018 Price Target Sheng Siong - Defensive Staple Play
Source : RHB, Price Call : BUY, Price Target : 1.27
Last Price : 1.09, Upside/Downside : +0.18(16.51%)

Headlines

Date Subject
13-Jul-2018 Sheng Siong - Defensive Staple Play
03-Jul-2018 Sheng Siong Group - Growth Mode Intact
28-Jun-2018 Sheng Siong Group: A Shelter in Volatile Times
30-Apr-2018 Sheng Siong Group: 1Q18 Within Our Expectations
26-Feb-2018 Sheng Siong Group: New Stores to Drive Growth in FY18
23-Feb-2018 Sheng Siong Group: Steady End to FY17
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

Business Background

Sheng Siong Group Ltd., an investment holding company, operates supermarkets in Singapore. The company’s stores offer an assortment of live, fresh, and chilled produce, such as seafood, meat, and vegetables; and packaged, processed, frozen, and/or preserved food products, as well as general merchandise, including toiletries and essential household products. It is also involved in general trading, and wholesale import and export businesses. The company operates approximately 43 supermarkets/grocery stores under the Sheng Siong brand name. Sheng Siong Group Ltd. was founded in 1985 and is headquartered in Singapore.

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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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