Is another profitable period for Sheng Siong. A growth and relative good dividend stock. The Rev/Profit growth is so persistent that every quarter seems like a norm, What I like most is it provides basic essentials therefore relatively recession proof. A mix of growth and yield stock, how much growth imo depends on how fast it can expands and idle cash available to support the expansion considering profit is mainly distributed out.
This is cut and paste Key Notes
Dividends
"Propose a final cash dividend of 1.85 cents per share, taking our total dividend for FY2016 to 3.75 cents per share, equivalent to about 89.9% payout on our net profit after tax." That's roughly 4% yield.
Growth
"The Group is still looking for suitable retail space particularly in areas where the Group does not have a presence. However, competition for retail space has ......
