Shares & Derivatives
Cory Diary : Sheng Siong 1H21
By CoryLogics  •  July 30, 2021
When I think of Sheng Siong. Here's what in my mind. One of iconic brand in Singapore that is doing well in Covid and Prior for a family run business. Reward shareholders and employees. Expansion in China. Outskirt supermarket away. Result 1H21 To sum it up the recent performance, table as above. If we do a fast look, one would think Sheng Siong has a terrible 1st Half but we need to remember that it benefitted disproportionately last year due to Covid lockdown and is not a normal year. Profit What we have to do is to view current half below and what is their possible future by skipping Covid Period. Operating Profit for 1st half is already 87% of FY2019 Pre-Covid. And that's the power of Sheng Siong growth story and this is despite maintaining about 70% of dividend payout ratio. Another Good News is that the subsidiary in China continued to be profitable....
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By CoryLogics
I am not an investment adviser. Nothing herein my blog constitutes investment advice. Is my personal believes that not everyone has to go through the hard way. This blog also serve a purpose to help me record my understanding and personal learning growth. I sincerely welcome all comments.
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