Sheng Siong Group maintained at “add” by CIMB with 77 cents target price
By PC Lee / TheEdge Markets.com | October 29, 2014 : 4:24 PM MYT
SINGAPORE (Oct 29): CIMB ( Financial Dashboard) is keeping its “add” rating for Sheng Siong with a higher target price of 77 cents. The research house is sticking with its FY14-16 forecasts while looking forward to the opening of more stores as well as higher visibility for its China expansion plans.
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http://www.theedgemarkets.com/sg/article...rget-price
Good to hear the target is 77 cents.
(30-10-2014, 09:05 AM)Harvest Time Wrote: [ -> ]Good to hear the target is 77 cents.
To make you feel better, here is the DBS report, dated 29 Oct 2014, by Analyst
Alfie YEO, TP 78 cents.
Earnings on track
- 3Q14 earnings in line; growth driven by SSSG and
higher gross margin
- Expect growth to be fuelled by more store openings
- Maintain BUY and S$0.78 TP
I notice I cannot see my own postings for today. Anyone has the same issue?
How to resolve it?
Sorry for my double posting "Good to know the target price is 77 cents".
(30-10-2014, 09:14 AM)CityFarmer Wrote: [ -> ] (30-10-2014, 09:05 AM)Harvest Time Wrote: [ -> ]Good to hear the target is 77 cents.
To make you feel better, here is the DBS report, dated 29 Oct 2014, by Analyst
Alfie YEO, TP 78 cents.
Earnings on track
- 3Q14 earnings in line; growth driven by SSSG and
higher gross margin
- Expect growth to be fuelled by more store openings
- Maintain BUY and S$0.78 TP
Thanks. I bought Sheng Siong at 64.5 cents yesterday.
I can see latest (today) postings on the thread if I post new posting.
If I get out of the thread, I can only see yesterday postings but not today postings.
Any idea?
(30-10-2014, 10:03 AM)Harvest Time Wrote: [ -> ]I notice I cannot see my own postings for today. Anyone has the same issue?
How to resolve it?
Sorry for my double posting "Good to know the target price is 77 cents".
You might want to send cyclone a PM for your technical issue.
I will remove the post on your behalf.
Regards
Moderator
Good call by CityFramer. Congrats. Testing 67 cents.
(30-10-2014, 10:19 AM)CityFarmer Wrote: [ -> ] (30-10-2014, 10:03 AM)Harvest Time Wrote: [ -> ]I notice I cannot see my own postings for today. Anyone has the same issue?
How to resolve it?
Sorry for my double posting "Good to know the target price is 77 cents".
You might want to send cyclone a PM for your technical issue.
I will remove the post on your behalf.
Regards
Moderator
Ok. I will pm cyclone. Thanks.
From DMG,
Sheng Siong (SSG SP, BUY, TP: SGD0.74)
Hurray To Upcoming New Stores
Results Review
3Q14 net profit rose 15% YoY to SGD12.2m, bringing 9M14 net profit to SGD35.8m (73% of our estimate). We expect the full-year results of this defensive stock to hold up despite the tepid environment. The company also managed to secure a lease for a new store in Penjuru. With a war chest of SGD179m following the issuance of 120 million new shares in Sep 2014, we expect potential purchases of new retail spaces over the next two years. Maintain BUY, TP SGD0.74, implying 13.8% upside.
Analyst: James Koh / Juliana Cai