Is another profitable period for Sheng Siong. Last time when I blogged about this Supermarket ( link ) on 23rd Feb’17, price was $ 0.955. It moved up to $1.005 before recent Amazon news pull down the stock before recovering at $0.96. There was a div in May’17 of $0.0185. So theoretically speaking, without this news it would have hit more that $1.005 after report.
If Amazon market segment target is Sheng Siong ones, I think it will be a mistake. So I am not so worried about it. The impact will probably be more on the branding against existing online retailers and certain extend on Super Market like Cold Storage. So i dip for a little more on low.
“Declared interim dividend of 1.55 cent per share”. Last August it was 1.9 cent. Therefore a reduction. I did note this statement. …