A Relook at Sheng Siong's Valuation
Introduction 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