|Bid||1.0800 x N/A|
|Ask||1.0900 x N/A|
|Day's range||1.0600 - 1.0900|
|52-week range||0.9800 - 1.1900|
|Beta (3Y monthly)||0.05|
|PE ratio (TTM)||22.71|
|Forward dividend & yield||0.04 (3.40%)|
|1y target est||1.19|
Singapore supermarket chain operator Sheng Siong Group Ltd (SGX: OV8) had an eventful 2018. Here are three things investors should know from its latest annual report.
Investors often view dividend stocks as assets that are ideal for retirees looking to generate passive income. While clearly they can be vehicles to serve such purpose, dividend stocks can also offer opportunities for capital growth.
Here are the positive and negative points from Sheng Siong Group Ltd's (SGX: OV8) latest result.
SINGAPORE (April 30): Brokers are split on their opinions of Sheng Siong Group (SSG) post the release of the supermarket operator’s 1Q19 results, which saw earnings growth of 5.9% to $19.4 million for the quarter ended March due to higher revenue. While DBS Vickers Securities maintains “buy” on the stock with $1.25 price target, CGS-CIMB Research has downgraded its call to “hold” from “add” with a reduced target price of $1.10 from $1.22 previously. UOB Kay Hian and Maybank Kim Eng are reiterating their “hold” and “sell” calls with price targets of $1.11 and 95 cents, respectively.
Dairy Farm International Holdings (Dairy Farm), a leading pan-Asian retailer, operates over 9,700 outlets across 11 Asian countries as at 31 December 2018. The group’s food segment, which consists of businesses in supermarkets/ hypermarkets and convenience stores comprising internationally well-known brands such as Cold Storage, Giant and 7-Eleven, collectively constituted around 70.2 percent of its top-line in FY18. The remaining revenue came from the group’s health and beauty, restaurants and home furnishings segments each contributing 14.7 percent, 11.8 percent and 3.3 percent respectively.
SINGAPORE (Mar 19): Maybank Kim Eng is starting coverage on Sheng Siong Group (SSG) at “sell” with a target price of 95 cents, which implies 19.5 times FY19F P/E – 1 S.D. below the stocks’ five-year mean. Maybank’s conservative projections are considering the supermarket chain’s believed exposure to a slowdown in consumer spending amid economic deceleration, which is expected to come on top of rising e-commerce competition and changing consumer habits. In an initiation report on Monday, analyst Sze Jia Min highlights a number of downside catalysts that sees SSG likely to face in the near-term – for one, the rising trend of home-delivered cooked meals due to the emergence of food-delivery services in Singapore.
HUAT AH! Shares Investment wishes our dear readers a prosperous Chinese New Year! As with Chinese beliefs, saying or doing good things would help to spruce up our “luck” during this festive period. From sporting the colour red to decorating our houses with Pussy Willow, we all wish to usher in a bountiful year ahead.