RGsun
2022-06-17

Great ariticle, would you like to share it?
@Omega88：
$SHENG SIONG GROUP LTD(OV8.SI)$hi tiger brothers and sisters, today I'm going to share a defensive SGX stock with all of you. I'm sure most of you here have been to Sheng Siong to shop for your grocery. Sheng Siong currently has 65 outlets in Singapore and it is aiming to open three to five stores annually in the next three to five years. In 2021, Sheng Siong succeeded in securing the leases of three new stores. These new stores have boosted the company's earnings - its revenue for the second half of 2021 rose 6.4 per cent to $688.1 million due to the opening of three new outlets in Singapore in the second half of 2020. Hence, its revenue and net profit can continue to grow over time. People may question Singapore is so small, how much more can they expand?? Sheng Siong is also expanding overseas, 1st stop is Kunming, China where it currently has 4 outlets (which are all profitable) and they are aiming to open more stores there in the future. Since financial year 2017, Sheng Siong has distributed about 70 per cent of its net profit after tax as dividends and its current dividend yield is around 4% (has been growing steadily over the years). Will you be adding this to your portfolio? Do let me know your opinion!
$SHENG SIONG GROUP LTD(OV8.SI)$hi tiger brothers and sisters, today I'm going to share a defensive SGX stock with all of you. I'm sure most of you here have been to Sheng Siong to shop for your grocery. Sheng Siong currently has 65 outlets in Singapore and it is aiming to open three to five stores annually in the next three to five years. In 2021, Sheng Siong succeeded in securing the leases of three new stores. These new stores have boosted the company's earnings - its revenue for the second half of 2021 rose 6.4 per cent to $688.1 million due to the opening of three new outlets in Singapore in the second half of 2020. Hence, its revenue and net profit can continue to grow over time. People may question Singapore is so small, how much more can they expand?? Sheng Siong is also expanding overseas, 1st stop is Kunming, China where it currently has 4 outlets (which are all profitable) and they are aiming to open more stores there in the future. Since financial year 2017, Sheng Siong has distributed about 70 per cent of its net profit after tax as dividends and its current dividend yield is around 4% (has been growing steadily over the years). Will you be adding this to your portfolio? Do let me know your opinion!

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