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A quick glance at Sheng Shiong financials from yahoo finance, shows that it's top line grows at ~4% every year. Though it's net income grow slightly faster around ~10%. Growth has been quite consistent over the last 3 years at least. And then there is this growing "grocery war" if you will, with Redmart, Shopee and others, trying to get a piece of the pie.
Sheng Siong right now trades around TTM P/E of 24, which is the main reason that turn me off every time I re-look that counter.
@Big Toe: I'm sure you know much more about Sheng Siong than me (as with Venture). How should a new prospective investor view an investment in Sheng Siong at today's price?
Personally I only shop at NTUC, I don't use much of any online services for groceries, as they are not much cheaper than their counterpart in NTUC. But that is starting to change, as certain items is very difficult to find offline, and I'm trying to explore the option to buy online instead.
Sheng Siong right now trades around TTM P/E of 24, which is the main reason that turn me off every time I re-look that counter.
@Big Toe: I'm sure you know much more about Sheng Siong than me (as with Venture). How should a new prospective investor view an investment in Sheng Siong at today's price?
Personally I only shop at NTUC, I don't use much of any online services for groceries, as they are not much cheaper than their counterpart in NTUC. But that is starting to change, as certain items is very difficult to find offline, and I'm trying to explore the option to buy online instead.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger