I won’t say Sheng Siong is cheap byany of the traditional ways today.
This post was originally posted here. The writer, Willie Keng is a veteran community member and blogger on InvestingNote, with a username known as @Willie and has close to 140 followers.
And given the fact it’s biggest market istiny island Singapore, I don’t think shares look cheap unlike what manyanalysts are projecting.
Having said that, I find Sheng Siong possesses a safe,“low-risk” business qualities.
But does is it mean it’s a buy at today’s price?
Well, let’s find out.
Why Sheng Siong punches above its weight
There are many problems Singapore companiesface – lack of a large market, intense competition and especially, risingoperating costs.These are top issues supermarket chains face.
But what I’mlooking at is companies focusing on a particular niche that big players bigplayers are unwilling to thread – a niche.
And that’s where Sheng Siong stands out.
The thing is,...