Shares & Derivatives
A Relook at Sheng Siong’s Valuation
By Passive Loss  •  June 27, 2024
Hello everyone! It's been quite a while since I updated my blog given the fact that I was busy with my work, but I'd like to think that I've learned a lot about Fundamental Analysis during this period. It has been a rather tumultuous period for the Singapore stock market as of late, so it is only appropriate that I review a stock that I've recently taken a small position in (although I've previously reviewed it here); Sheng Siong! Sheng Siong's Logo (Source: BrandsoftheWorld) To start off, let's conduct a quick recap with regards to what exactly Sheng Siong's core business is; In essence, Sheng Siong owns and operates a chain of supermarket retail stores (70 in Singapore and 6 in China) primarily residing in neighbourhood heartlands or local malls focused on providing a great value proposition for the day-to-day Singaporean. Its outlets are particularly known for delivering fresh live-seafood options ranging from clams, and crabs to fish, allowing the typical...
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By Passive Loss
My investment philosophy can be boiled down to a simple strategy; Buy and hold what I believe to be undervalued dividend stocks.
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