07-03-2014, 11:59 AM
(07-03-2014, 11:54 AM)minimax Wrote: [ -> ]Overvalued. Stay away.
if u say its over valued then what is your fair value for this company? and why?
(07-03-2014, 11:54 AM)minimax Wrote: [ -> ]Overvalued. Stay away.
(14-03-2013, 11:02 PM)a74henry Wrote: [ -> ]MV = $0.62. PE of 20x similar to that of other supermarkets. NAV $0.1039 (no buffet). Dividend yield 4% which is reasonable.
This is more like a growth stock instead of an undervalue stock.
(07-03-2014, 11:44 AM)CityFarmer Wrote: [ -> ]... By a simple survey, you will find people are visiting SS, even it means longer walking distance, and/or extra bus trip. It is undeniable that the SS show plays an important role on the "desire".
(07-03-2014, 12:47 PM)GreedandFear Wrote: [ -> ](14-03-2013, 11:02 PM)a74henry Wrote: [ -> ]MV = $0.62. PE of 20x similar to that of other supermarkets. NAV $0.1039 (no buffet). Dividend yield 4% which is reasonable.
This is more like a growth stock instead of an undervalue stock.
Agree that it is not a value stock but it certainly operates in an attractive industry. In theory, there should be plenty of growth as the Singapore population increases, as per the the Government's plans. However, in practise, growth is stalling as Sheng Siong was unable to open a single new store in 2013 due to lack of locations at sufficiently attractive rents. Hence, they have now started to purchase outlets which will benefit growth but uses cash flow. Given that they are zero debt and that supermarkets are a negative working capital business, IMO they will be able to grow via investments but clearly there will be a limit. Hence, for now, I would expect this to be a slow growth, steady company with a reasonable dividend. Neither "value" nor "growth" stock .
(07-03-2014, 02:37 PM)safetyfirst Wrote: [ -> ](07-03-2014, 11:44 AM)CityFarmer Wrote: [ -> ]... By a simple survey, you will find people are visiting SS, even it means longer walking distance, and/or extra bus trip. It is undeniable that the SS show plays an important role on the "desire".
Interestingly, i did this survey with my mum, aunt and grandma. They say they wont specially visit sheng shiong so i guess the ss outlet near my place is just average.
(08-03-2014, 11:46 AM)maniac Wrote: [ -> ]http://www.fairprice.com.sg/webapp/wcs/s...orporate=Y
(08-03-2014, 12:49 PM)felixleong Wrote: [ -> ]Man NTUC is such an amazing company, wish they could go public listed like sheng siong and dairy farm.
No wonder investors values this industry at such high PE multiples.