Sheng Siong Group

[Henri]

Tested key 0.66 resistance. Slow and steady...

Thereafter resistance will be set at 0.68 and 0.715.

Vested and accumulating, stocks that are less crisis prone as everyone has to consume... Only downside is Singapore starts to reduce FT drastically.

[muns]

Thanks CityFarmer for the link! Will check it out.

Did management state any targets for their store expansions in the next few years?
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Finding the Value in a Speculative World
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[Henri]

Tested key 0.66 resistance. Slow and steady...

Thereafter resistance will be set at 0.68 and 0.715.

Vested and accumulating, stocks that are less crisis prone as everyone has to consume... Only downside is Singapore starts to reduce FT drastically.

0.67 high... seems like 0.665 will be broken today.

[Henri]

Tested key 0.66 resistance. Slow and steady...

Thereafter resistance will be set at 0.68 and 0.715.

Vested and accumulating, stocks that are less crisis prone as everyone has to consume... Only downside is Singapore starts to reduce FT drastically.

0.67 high... seems like 0.665 will be broken today.

DBS suggest buy with target price of $0.76 (16% upside)

[ksir]

Is "broken" a good thing? Since when? Lol, just a TGIF joke. Always curious with those broken terms (from value perspective), resistance, support & broken

[CityFarmer]

Tested key 0.66 resistance. Slow and steady...

Thereafter resistance will be set at 0.68 and 0.715.

Vested and accumulating, stocks that are less crisis prone as everyone has to consume... Only downside is Singapore starts to reduce FT drastically.

0.67 high... seems like 0.665 will be broken today.

DBS suggest buy with target price of $0.76 (16% upside)

In our VB, the TP is probably the least important, the rationale behind the TP is more interesting...

Sheng Siong Group - Positive on purchase of HDB commercial property. Maintain BUY with unchanged target price of S$0.76.

Sheng Siong Group(SSG) announced that it has exercised an option to purchase a three storey HDB commercial property in Tampines Central for S$65m. Upon completion of the purchase, SSG's strategy is to gradually convert the various existing leases as they expire into a sizeable new supermarket. Its immediate plan is to operate a 10,000 sqft supermarket by the end of 1Q15. We note that Giant Supermarket currently occupies part of the property. We believe SSG will eventually take over the supermarket space when Giant's lease expires.
We anticipate that SSG will be quick to scale up its new Tampines store since the area is matured and has an established footfall. We are also positive that SSG will replace its competitor within the area. Maintain BUY with unchanged target price of S$0.76.

http://sgx.i3investor.com/servlets/ptres/6417.jsp

[Henri]

Tested key 0.66 resistance. Slow and steady...

Thereafter resistance will be set at 0.68 and 0.715.

Vested and accumulating, stocks that are less crisis prone as everyone has to consume... Only downside is Singapore starts to reduce FT drastically.

0.67 high... seems like 0.665 will be broken today.

DBS suggest buy with target price of $0.76 (16% upside)

In our VB, the TP is probably the least important, the rationale behind the TP is more interesting...

Sheng Siong Group - Positive on purchase of HDB commercial property. Maintain BUY with unchanged target price of S$0.76.

Sheng Siong Group(SSG) announced that it has exercised an option to purchase a three storey HDB commercial property in Tampines Central for S$65m. Upon completion of the purchase, SSG's strategy is to gradually convert the various existing leases as they expire into a sizeable new supermarket. Its immediate plan is to operate a 10,000 sqft supermarket by the end of 1Q15. We note that Giant Supermarket currently occupies part of the property. We believe SSG will eventually take over the supermarket space when Giant's lease expires.
We anticipate that SSG will be quick to scale up its new Tampines store since the area is matured and has an established footfall. We are also positive that SSG will replace its competitor within the area. Maintain BUY with unchanged target price of S$0.76.

http://sgx.i3investor.com/servlets/ptres/6417.jsp

Thank you for adding onto my comments...

[muns]

Is it the building right next to the polyclinic or the one next to the MRT track?
___________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com

[psolhawk]

Is it the building right next to the polyclinic or the one next to the MRT track?
___________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com

Picture of the current S11 building attached (retrieved from Google). Front facade now house 3 enrichment/tuition centres, right facade houses 2 restaurants. Polyclinic is across the road to the right of the picture.

[muns]

Is it the building right next to the polyclinic or the one next to the MRT track?
___________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com

Picture of the current S11 building attached (retrieved from Google). Front facade now house 3 enrichment/tuition centres, right facade houses 2 restaurants. Polyclinic is across the road to the right of the picture.

Thanks!

Oh they bought the whole 3 levels! I think Giant was only operating on a single level? They are ambitious
___________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com