Sheng Siong    Last:1.83    -0.01

Sheng Siong

A call must be substantiated by facts and figures.

Cannot anyhow make a call, caveat emptor

hawkeye2010      ( Date: 16-Sep-2011 09:59) Posted: And so now, we know. No-one's biting that call.

 

How  is the methodology computing the TP $0.61.

Please elaborate, kamsiah (thank you)

krisluke      ( Date: 15-Sep-2011 22:45) Posted: SINGAPORE, Sept 15 (Reuters) - IIFL has initiated coverage of Singapore's supermarket operator Sheng Siong with a buy rating and a target price of S$0.61. STATEMENT: Sheng Siong is the third-largest supermarket retailer in Singapore after NTUC and Dairy Farm , with 27 outlets, and will accelerate the pace of new store additions over the next 3-4 years, IIFL said. " We have a positive outlook on Sheng Siong, due to its recession-proof business, strong franchise, superior profitability, and strong growth prospects," said IIFL in a statement. The brokerage said it expects Sheng Siong to deliver an average annual core net profit growth of 23 percent for 2011-2013, on the back of new store openings and higher margins. At 0620 GMT, shares of Sheng Siong were 1.1 percent higher at S$0.465, and have risen about 37 percent since its market debut on last month.

 

Yupe, still range bound and low volume too.

hawkeye2010      ( Date: 16-Sep-2011 09:59) Posted: And so now, we know. No-one's biting that call.

 

And so now, we know. No-one's biting that call.

 

Meanwhile, the horse-trading continues. Volume has waned and the price is stuck in a narrow range. Will the BB's come in tomorrow with return of the high volumes we saw before the K turn as Ron K  has described?  Tomorrow only, we will know, as Yoda would say.

 

SINGAPORE, Sept 15 (Reuters) - IIFL has initiated coverage of Singapore's supermarket operator Sheng Siong with a buy rating and a target price of S$0.61.

STATEMENT: Sheng Siong is the third-largest supermarket retailer in Singapore after NTUC and Dairy Farm , with 27 outlets, and will accelerate the pace of new store additions over the next 3-4 years, IIFL said. " We have a positive outlook on Sheng Siong, due to its recession-proof business, strong franchise, superior profitability, and strong growth prospects," said IIFL in a statement. The brokerage said it expects Sheng Siong to deliver an average annual core net profit growth of 23 percent for 2011-2013, on the back of new store openings and higher margins.

At 0620 GMT, shares of Sheng Siong were 1.1 percent higher at S$0.465, and have risen about 37 percent since its market debut on last month.

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_AE07EEE61E16CB554825790C0039753F/$file/ExerciseofOverAllotmentOption150911.pdf?openelement

Announcement 107 - No price stabilising action has been taken since the Listing Date (being 17 Aug 2011) and no price stabilising action will be undertaken from the date of this announcement.

Sheng Siong

CPF

Op-0.470

Cls-0.460

0.000

0.0

Vol-37,899,000

3,506,000

0.460

0.465

2,658,000

Hi-0.475

Lo-0.460

 

yap...i noticed that too..so i didn't enter any trade...as not much movement

EdwardLiu      ( Date: 15-Sep-2011 10:24) Posted: SS  seems to settle within  the range  0.46 - 0.475 lately. With the recent lack of interest in this stock, this is how much you can play in the meantime.

 

SS  seems to settle within  the range  0.46 - 0.475 lately. With the recent lack of interest in this stock, this is how much you can play in the meantime.

 

Since no onecan tell the future, it is all a matter of betting.

            But strategically speaking, if shorting is desires, it is

                      best to short only if it rises to a good juicy peak,

                                eg the previous high. And if it does not, then

                                        so be it. One cannot have one's cake and

                                                eat it, since defensive betting is what the

                                                          game is all about against the market beast... 

pcxiao2008      ( Date: 15-Sep-2011 09:24) Posted: so is it time to short sheng siong?

 

so is it time to short sheng siong?

 

Sept 14, (Wed)

Sheng Siong

CPF

Op-0.470

Cls-0.460

-0.005c

-1.1%

Vol-36,716,000

3,121,000

0.460

0.465

370,000

Hi-0.475

Lo-0.455

teeth53      ( Date: 13-Sep-2011 21:12) Posted: Sori...Error on it date. Tomorro is Sept 14, 2011 (Wed) Tomorro, Wed Sep 13,  is a good day for SS to continue it good form, do take note of falling volume.

 

Sori...Error on it date. Tomorro is Sept 14, 2011 (Wed)

Tomorro, Wed Sep 13,  is a good day for SS to continue it good form, do take note of falling volume.

 

SS start in good form, throu...selling pressure ease off, but ended unchanged after Euro bourses  start trading,

Do note - there's absent of heavy BBs  trading, trade  vol ended -  35,836,000 shr changed hands, as  compare  to yesterday and esp last wk.

Tomorro, Wed Sep 13,  is a good day for SS to continue is good form, do take note of falling volume.

Sheng Siong

Op-0.475

Cls-0.465

0.000

0.0

Vol-35,836,000

2,314,000

0.460

0.465

554,000

Hi-0.480

Lo-0.460

Last	Trades	Volume	Bid Volume	Mid	Ask Volume
0.460	47	615,000	615,000	0	0
0.465	165	4,999,000	2,447,000	0	2,552,000
0.470	317	8,511,000	7,839,000	0	672,000
0.475	643	20,336,000	10,527,000	25,000	9,784,000
0.480	13	1,375,000	0	800,000	575,000
TOTAL	1,185	35,836,000	21,428,000	825,000	13,583,000

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_723618490173B731482579090038E11A/$file/Buying-InExecutedon12September2011.pdf?openelement

12-Sep-11. SGX buyin, average @0.480, it most and d  highest. Sheng Siong 2,100,000 S$ 1,008,000.00.

Sheng Siong

CPF

Op-0.450

Cls-0.465c

-0.005

-1.1%

Vol-71,111,000

756,000

0.460

0.465

2,823,000

Hi-0.465

Lo-0.445

At last Friday. SS  closed of 0.470, SGX buyin @0.495c, eith 234 lots done. 

With Hang Seng fallen by 4.21% or -836.09 pt and STI by -2.89% or 81.52 pt, SS  fall -1.1%

 

teeth53      ( Date: 07-Sep-2011 21:39) Posted: Trading Summary - Selling pressure ease off today, following regional bourses goes green. More optimistic play 56, 953 lots against persimistic 31,797 lots changed hands, total vol -  90,113 lots  is slightly lower then yesterday trades. however there were 118 deals done botup (A) @0.485, after trading hours. Sheng Siong CPF Op-0.455 Cls-0.485 +0.035c +7.8% Vol-90,113,000 3,099,000 0.480 0.485 2,311,000 Hi-0.485 Lo-0.455 Last Trades Volume Bid Volume Mid Ask Volume 0.455 211 4,587,000 3,231,000 1,356,000 0 0.460 648 22,986,000 10,275,000 0 12,711,000 0.465 539 22,423,000 10,040,000 0 12,383,000 0.470 424 15,935,000 4,221,000 7,000 11,707,000 0.475 179 6,252,000 306,000 0 5,946,000 0.480 343 11,167,000 3,724,000 0 7,443,000 0.485 213 6,763,000 0 0 6,763,000 TOTAL 2,557 90,113,000 31,797,000 1,363,000 56,953,000 teeth53      ( Date: 06-Sep-2011 19:39) Posted: Trade Summary: More optimistic play @0.445 on  increase vol to a total of 56,339 lots changed hands,  of 38,028 lots done  (A) bot up by buyers as compare to 18,130 lots (B) sold by sellers. After trading hour traded, 87  deals changed hands, with 1,873 lots  done (B) was added into 9,070 lots - all sold by sellers. Sheng Siong last closed at 0.450 cents, down -0.025c or 5.3% teeth53 thot: SS has fallen from great height since, seen tobe leveling of those great selling pressure.  Sheng Siong CPF Op-0.445 Cls-0.450 -0.025c -5.3% Vol-123,195,000 2,711,000 0.450 0.455 2,249,000 Hi-0.460 Lo-0.435 Last Trades Volume Bid Volume Mid Ask Volume 0.435 2 3,000 3,000 0 0 0.440 162 9,652,000 4,477,000 965,000 4,210,000 0.445 1,051 56,339,000 18,130,000 181,000 38,028,000 0.450 784 30,327,000 9,070,000 4,427,000 16,830,000 0.455 648 25,745,000 8,965,000 0 16,780,000 0.460 69 1,129,000 0 0 1,129,000 TOTAL 2,716 123,195,000 40,645,000 5,573,000 76,977,000

 

The ahbengs are not playing anymore ( ahbengs :- fish suppliers, pork suppliers

veg suppliers, fruit suppliers, sundries, ) Majority players are the ahbengs who

got  the placement shares. Fund managers are totally not interested in this

kind of stock.

 

It will be good to watch how this counter will perform next week!!

 

 

Sheng Siong is trading at 19.7x core FY10 PER.

At current level , the stock offers a prospective dividend yield of 5%.

 

We often take everyday miracles for granted...

      Like how cows and cattle eat only grass but

                  yet provide humanity with beefsteak, milk and

                          hundreds of dairy products. And thankfully

                                    someone has the wisdom to create the

                                              grass to sustain the cattle...

 

Sifu will have this?... lol...


 

MasterNg9999      ( Date: 10-Sep-2011 19:09) Posted: HAHAHA ... Good fortune to you too Supreme iPunter They Pat Your Back. Let's Pat Theirs..... lolx .... Juz Kidding ...... Anyway ..... the incoming 运 formation is in simple term fire .... I WANT MILK BIG BIG TIME !!!!!!!! EVERYONE GOOD FORTUNE !!!!!! Cheer