(01-12-2015, 08:34 AM)brattzz Wrote: [ -> ]strange, now we need runners to buy our own groceries?? 
I dont find it strange and thought this will be the trend. In fact, majority of families have "runners" in their home so call "maids". They also ask them to buy groceries on their behalf.
In non-mature estates, the places to purchase groceries are rather far. It takes abt 10-15 mins of walk to reach there. The thought of having to carry heavy grocery stuff back home by walking another 10-15 mins is torturing. And this is not the end. You have to queue for 15 mins just to purchase those stuff and it is especially worse on weekends. Couple with the fact that our population is gonna become 7 million, which means more queueing, I believe online grocery will pick up speed.
I buy my groceries online via redmart.
(01-12-2015, 09:27 AM)Bibi Wrote: [ -> ] (01-12-2015, 08:34 AM)brattzz Wrote: [ -> ]strange, now we need runners to buy our own groceries??
I dont find it strange and thought this will be the trend. In fact, majority of families have "runners" in their home so call "maids". They also ask them to buy groceries on their behalf.
In non-mature estates, the places to purchase groceries are rather far. It takes abt 10-15 mins of walk to reach there. The thought of having to carry heavy grocery stuff back home by walking another 10-15 mins is torturing. And this is not the end. You have to queue for 15 mins just to purchase those stuff and it is especially worse on weekends. Couple with the fact that our population is gonna become 7 million, which means more queueing, I believe online grocery will pick up speed.
I buy my groceries online via redmart.
For "dry goods", yes the online e-commerce sites can be a competition to the brick & mortar supermarkets.
But for fresh produce like vegetables, fruits, seafood & poultry, I think the mass majority would still prefer the old-fashion brick & mortar supermarkets. Eg you have paid for the fruits & fish online, when delivered, you think they look a little 'aged', not up to your ideal expectation of freshness, but
definitely not rotten & definitely still edible. Do you have a legal right to demand a refund & refuse to accept the goods? How much hassle do you have to go through to demand a refund?
(01-12-2015, 11:13 AM)riverfish Wrote: [ -> ] (01-12-2015, 09:27 AM)Bibi Wrote: [ -> ] (01-12-2015, 08:34 AM)brattzz Wrote: [ -> ]strange, now we need runners to buy our own groceries??
I dont find it strange and thought this will be the trend. In fact, majority of families have "runners" in their home so call "maids". They also ask them to buy groceries on their behalf.
In non-mature estates, the places to purchase groceries are rather far. It takes abt 10-15 mins of walk to reach there. The thought of having to carry heavy grocery stuff back home by walking another 10-15 mins is torturing. And this is not the end. You have to queue for 15 mins just to purchase those stuff and it is especially worse on weekends. Couple with the fact that our population is gonna become 7 million, which means more queueing, I believe online grocery will pick up speed.
I buy my groceries online via redmart.
For "dry goods", yes the online e-commerce sites can be a competition to the brick & mortar supermarkets.
But for fresh produce like vegetables, fruits, seafood & poultry, I think the mass majority would still prefer the old-fashion brick & mortar supermarkets. Eg you have paid for the fruits & fish online, when delivered, you think they look a little 'aged', not up to your ideal expectation of freshness, but definitely not rotten & definitely still edible. Do you have a legal right to demand a refund & refuse to accept the goods? How much hassle do you have to go through to demand a refund?
Fresh food delivery, is the next battle-field for online shopping. Sheng Siong seems is able to do so, and redmart has started on the same. NTUC is still lacking with packaged ones IMO.
I am not sure about the sources of demand, but it seems a viable market, based on the effort by key grocery providers.
Last week I managed to Buy and re-enter @ 0.835 for my Portfolio again ! Should be a good support levels ! Will be keen to add more if any further price drop ! I believed there will be potential price uptrend in the coming weeks till CNY !!! Haha !!!
(01-12-2015, 11:13 AM)riverfish Wrote: [ -> ]For "dry goods", yes the online e-commerce sites can be a competition to the brick & mortar supermarkets.
But for fresh produce like vegetables, fruits, seafood & poultry, I think the mass majority would still prefer the old-fashion brick & mortar supermarkets. Eg you have paid for the fruits & fish online, when delivered, you think they look a little 'aged', not up to your ideal expectation of freshness, but definitely not rotten & definitely still edible. Do you have a legal right to demand a refund & refuse to accept the goods? How much hassle do you have to go through to demand a refund?
Looks like I am able to answer this question now as last week Redmart delivered a packet of moldy sweet potatoes. Likely due to poor storage or handling. Just a call to Redmart customer service and my wife told me the amount for the sweet potatoes was refunded immediately. Took about 1 to 2 minutes to resolve unlike those telcos where you have to wait sometimes 10 mins for them to pick up the call.
(22-12-2015, 03:49 PM)thor666 Wrote: [ -> ]Fool.sg has a writeup on dairy farm vs Sheng siong :
https://www.fool.sg/2015/12/22/a-better-...group-ltd/
Wonder what do those vested think in particular of the negative payout ratio that Ss has.
(related party is vested, so piqued my interest in ss)
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*looks like the guys from fool.sg love Sheng siong quite a bit. Second article on the same day:
https://www.fool.sg/2015/12/22/can-sheng...recession/
I read the article. Here is my view.
The dividend growth presentation is misleading. Comparing 9-year vs 3 years? 211% for 9 years is practically better than 69% in 3 years? FYI, DairyFarm dividend growth is about 10%, vs Sheng Siong's 69%, over the similar period.
The author has taken the total investing cash flow as replacing CAPEX, to derive the free cash flow. Furthermore, 2014, was happen to be the year with biggest property acquisition. The conclusion is misleading, at best.
(vested in SS, and monitoring DairyFarm)
Dairy Farm share price has tanked more than -50% from top within a space of 3 years whereas Sheng Siong share price has increased +40% for roughly that period. So using dividends as a measure is really misleading. Furthermore the capital loss far outweigh the dividends. This tell us there are a lot of things we yet comprehend into the equation.
Thanks cityfarmer and corydorus for pointing out the blind spots. It seems the devil is in the details.
What I agreed with my partner invested in ss is that the company has secured excellent location with relatively reasonable rental values; the next steps is to refine the corporate image to be more appealing even for upper middle class to enjoy the shopping experience.
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Many Foreign Workers prefer SS...and they mostly use CASH to pay for their groceries buys !!!
And I understand that SS is well supported by interest from JP Morgan....so prices can only move up from current well supported price levels !!!
Actually I wish to Add more below current prices since my last buys @ 0.835 !!!