Sheng Siong is Expanding in China: Why You Should Add This Retailer to Your Watchlist.It’s an interesting time for Sheng Siong Group Ltd (SGX: OV8).The supermarket chain, which has 63 outlets in Singapore, saw a huge surge in revenue and net profit last year as the pandemic drove people to shop for necessities such as groceries and sundry items.Boasting a huge assortment of products that run the gamut from live produce and vegetables to toiletries and essential household items, Sheng Siong enjoyed a huge surge as heartlanders thronged its stores.The main reason for this was the need to stock up as more people were telecommuting and studying from home.As a result, revenue for 2020 jumped by 40.6 percent year-on-year to S$1.4 billion while net profit surged 83.7 percent year-on-year to S$139

Alibaba Achieves Green Efficiency during 6.18 Mid-Year Sales.Hangzhou, China, June 18, 2021 - Alibaba has disclosed its latest green innovation for its annual 6.18 Mid-Year Shopping Festival (“6.18”), a large-scale campaign on its retail platforms including Taobao and Tmall. Shared for the first time, the carbon emission per order during the 6.18 sales has been cut by 18% compared to last year, highlighting the company’s ongoing efforts in pursing sustainability through the adoption of green technology.The achievement was driven by Alibaba’s enhanced algorithm, which has been deployed to support Alibaba’s popular retail platform with its AI features including image search and personalization recommendation. The algorithm upgrade, underscored by Alibaba's innovative machine learning technol

$RIVERSTONE HOLDINGS LIMITED(AP4.SI)$Compare with Malaysia Glove Company.KUALA LUMPUR (June 21): PublicInvest Research has downgraded the rubber glove sector to "neutral" as it expects average selling prices (ASPs) for the sector to decline gradually in the second half of the year (2H21), following the improving Covid-19 situation in both the largest glove consuming markets, the US and the European Union (EU).Its analyst Chua Siu Li in a note today cut her earnings forecasts for the sector by 10% to 35% on the back of lower ASP assumptions.According to her, the improving Covid-19 situations in the US and EU resulted in much lesser urgency for distributors to immediately replenish inventories back to usual levels of two to three months.“The buyers a

$Alibaba(09988)$Target 50 no problem

$TENCENT(00700)$Still expensive. 50hkd is the price. SHORT

$SHENG SIONG GROUP LTD(OV8.SI)$Sheng Siong Group to open third store in China.Sheng Siong Group, via its subsidiary Sheng Siong (China) Supermarket Co, has entered into a lease agreement with Yunnan Yingjun Commercial Operation Management Co for retail space for a store in Kunming, China.The retail space of approximately 37,800 square feet is located at 1F Unit 101, Chun Cheng Hui Gu Phase 2 Commercial Building, Haiyuan District, Heilinpu Wuhua District Residential Office.The new store is expected to be operational before the end of 3Q2021, bringing Sheng Siong’s store count to three in China in addition to its 63 stores in Singapore.The new store is not expected to have a significant impact on the group’s financial performance for FY2021 ending De

$UNION GAS HOLDINGS LIMITED(1F2.SI)$QR report yesterday out is not good. Thats y dropping now.