|Bid||1.02 x 0|
|Ask||1.03 x 0|
|Day's range||1.00 - 1.03|
|52-week range||0.89 - 1.04|
|PE ratio (TTM)||21.91|
|Forward dividend & yield||0.04 (3.47%)|
|1y target est||1.13|
What are the positive as well as negative takeaways from Sheng Siong Group Ltd's (SGX:OV8) latest earnings?
Sheng Siong Group Ltd (SGX:OV8) and iFAST Corporation Ltd (SGX:AIY) are two companies that reported growth recently.
In this article, we will look at 10 key points from Sheng Siong Group Ltd (SGX: OV8)’s latest result presentation.
Supermarkets play a crucial role in our daily lives as the ease of accessibility, fresh and low-cost food offerings are the key factors that appeal to consumers. In the latest 2017 December report by Singapore’s Department Of Statistics, retail sales of supermarkets grew by 8.2 percent year-on-year.
Sheng Siong Group could be preparing its war chest as it faces heightened competition from both brick-and-mortar supermarkets and e-commerce giants Amazon and RedMart. According to UOB Kay Hian analyst Nicholas Leow, this might very well be the reason why the supermarket giant has declared a dividend of 1.55 S-cents per share in the quarter. "We have lowered our payout assumption for 2017-19 from 90% to 70% to reflect the cut in dividends and consider this as a prudent move from the conservative Sheng Siong management to build up a bigger cash buffer in the face of heightened competition," the analyst noted.