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As you can...For the past 6 months, Sheng Siong share price declined by 3.21%. In 2016, I sold off Sheng Siong from my stock portfolio. Back then, there are only 38 Sheng Siong supermarket stores in Singapore island wide. Today, Sheng Siong has 70 stores across Singapore and a current market capitalisation exceeding S$1.8 billion. Sheng Siong is also one of Singapore’s top retailers with over S$1.37 billion in annual sales revenue in FY2023. Does the decline of Sheng Siong share price present a crisis or opportunity? I remembered Sheng Siong as a growth stock with a strong balance sheet (zero debt). But is this still the same after so many years? Let me share my research below on whether Sheng Siong is still a good stock to add to my stock portfolio.
