To The Moon

$Sheng Siong(OV8.SI)$  

 Sheng Siong - Chart wise, bearish mode! Likely to go down to test 1.50 again! Breaking down of 1.49 plus high volume we may see her drifting down to 1.46 than 1.40! Pls dyodd.

I think boat is back! At 1.52, yield is about 4%.

No harm waiting for 1.40 to 1.46 to come back especially when Mr. MARKET IS WEAK!

Pls dyodd.

I think good price is back! Their annual dividend of about 6.12 cents ( interim + final) is sustainable as it is able to grow their revenue from their businesses even during inflation. Their outlet mainly located near the neighborhood housing development board flats where 80% of local are staying/owning.

Their expansion plan is to add new stores in new hdb flats development area. They also venture out into China.

At 1.53, yield is about 4% of which I think is quite a good yield level for selling essential household products.

Their track records for past 10 years has been rather positive as it is able to increase the dividend payout from 4 cents to 6.1 cents.

She is trading near the strong support at 1.52.

Not a call to buy or sell!

Please dyodd.

Established in 1985 and listed on the Mainboard of the Singapore Exchange (SGX) in 2011, we are one of Singapore’s top retailers with over S$1.34 billion in annual sales revenue (FY2022). As of 2022, we operate in more than 65 locations across Singapore. With a current market capitalisation exceeding S$1.8 billion, Sheng Siong Group Ltd is one of the largest listed companies on the SGX.

At Sheng Siong, we strive to create value for our shareholders sustainably. In this section you will find all you need to know about our performance as a business.

https://www.spore-share.com/2024/03/sheng-siong-chart-wise-bearish-mode.html