Sheng Siong (OV) has broke all-time high multiple times. Still time to enter?
Written on 22 April 2020
With PEs over 30 times and dividend yield of 2%, its less appealing as a dividend stocks now. However, the recent CBs and extension has sent the stocks riding. Thought the $1.30 level 2 weeks back is already quite high by my calculations, but now its $1.48 already.
Compared to SS, Dairy Farm USD (D01) is more fairly valued.
What are you guys thoughts?
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Ernest Yeam Wee Leong
13 Feb 2021
Content Creator at www.youtube.com/c/JustBeingErnest
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Cedric Jamie Soh
22 Apr 2020
Director at Seniorcare.com.sg
No one can answer you.... stock market can be fickled minded.
On the one hard, its a recession-proof stock since groceries are a must-have even in bad times
On the other hand, as you said, its all-time high, so the reward opportunities are not much now...
If you want to keep safely for a decade or so, sheng shiong is not a bad choice. its not a growth stock, its more of a dividend stocks...
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Shared the various strategy and business updates that Sheng Siong has done and what made it different from the other grocery companies.
Their main priority is staff and customers and everything they have done is towards those two.
https://www.youtube.com/watch?v=iPRlRw2uGG4&fea...