Sheng Siong Group

[vesfreq]

IIRC, the 6.9 mil isn't a target, but an estimation, and to be exact, it is 6.5 mil - 6.9 mil. Next, the estimation is on 2030, 15 years from now. A 25% increment over 15 years, means average less than 2% p.a.

I am not sure the derivation of 5.97 cents EPS? Base on 15% increment on sales, and assuming margins remain the same, the EPS estimation should be 3.84 cents (FY2014 EPS of 3.34 cent * 1.15), right?

IMO, the sales mainly come from capturing bigger market share. I am expecting the company sales grow faster than overall market growth in the next 5 years, and reaching $1.2 billion sales in 2020. Together with the margins improvement, the EPS in 2020 is estimated between 5-6 cents, and share price is estimated as $1.30++

(vested, and sharing a view)

I have some rough workings. Upload that later or something. I made assumptions about lower ringgit rates and relatively constant operating costs. I also assumed that margins stay at 24%.

Thanks for sharing ur view.