I think good price is back! Their annual dividend of about 6.12 cents ( interim + final) is sustainable as it is able to from their businesses even during inflation. Their outlet mainly located near the neighborhood housing development board flats where 80% of local are staying/owning.
Their expansion plan is to add new stores in new hdb flats development area. They also venture out into China.
At 1.53, yield is about 4% of which I think is quite a good yield level for sellinf essential household products.
Their track reords for past 10 years has been rather positive as it is able to increase the dividend payout from 4 cents to 6.1 cents.
She is trading near the strong support at 1.52.
Not a call to buy or sell!
Please dyodd.
Established in 1985 and listed on the Mainboard of the Singapore Exchange (SGX) in 2011, we are one of Singapore’s top retailers with over S$1.34 billion in annual sales revenue (FY2022). As of 2022...