Five years ago, if you had invested S$10,000 into ThaiBev (SGX: Y92), your investment today would likely be worth around 30% less than when you started. If you had invested that same amount into Sheng Siong (SGX: OV8), you would likely have more than doubled your money. And here’s the strange part. Today, ThaiBev looks cheap. Sheng Siong looks expensive. So has the market been right all along? And perhaps more importantly, could the next five years look very different from the last five? In this video, I compare ThaiBev and Sheng Siong through the lens of a long-term dividend investor. We explore why the market has punished one company and rewarded the other, whether those trends could reverse, and what would actually make me interested in investing in either company today. We’ll discuss: • Why ThaiBev has disappointed shareholders despite its attractive valuation and dividend yield • The BeerCo, SABECO and F&N stories • Why Sheng Siong continues to command a premium valuation • Whether CDC vouchers have artificially boosted Sheng Siong’s performance • What the market is really rewarding • And whether the next five years could look very different from the last five As always, this video is for informational purposes only and not financial advice. Always do your own research and consult a licensed financial adviser before making any investment decisions. I own some of the shares and REITs discussed here, but what works for me might not work for you. Timestamps 00:00 ThaiBev -35%, Sheng Siong +100% 00:43 Introduction: Has the market been right? 01:25 The market chose a winner and a loser 02:45 Why ThaiBev disappointed investors 05:25 BeerCo, SABECO and the value unlock story 07:00 Why Sheng Siong became a market favourite 08:50 The CDC voucher question 10:05 Could the next five years look different? 11:10 What would make me interested in either stock? 12:00 The Dividend Uncle’s Take #ThaiBev #ShengSiong #DividendInvesting #SingaporeStocks #SGX #ValueInvesting #IncomeInvesting #TheDividendUncle...