(Stocks Discussion) SGX: Sheng Siong Group Ltd (SGX: OV8)?

Their financials are good.

But the only thing that stops me from investing is their growth. Think about it, how much more Sheng Shiong can open in Singapore now? Unless you have more BTOs coming at a super high rate since SS only opens up in the neighborhoods and don't compete with Cold Storage and NTUC at malls.​​​

Will Costco be a better company if we want to be exposed to supermarkets or consumer staples?

Issac and Jonathan has covered quite extensive information and analysis on Sheng Siong

I would may add one 2 more points that I think is crucial to their business.

i) The Management Team - I admire the Lim Brothers who have been working really hard, together with the entire Organization. They took care of their employee, and providing lot of support even to their kids. And they are also very prudent in term of business expansion, especially when they shared about the way they expand in China. I vividly remember Mr Lim shared that, His WealthPot has already filled, now his Mission is not to filled up his own, but to help to fill up the rest of the organization.

ii) The Online Grocery spaces - if I didn’t remember wrongly, they do have their online infrastructure ready. However, they find it is very economical viable to run at the current volume in the general market. If they would continue to do that, it would only bleed shareholders money. But they do aware of the changes, and observing how the other players are doing.

Valuebuddies has a very good coverage on Sheng Shiong. Here's the link:

https://valuebuddies.com/thread-1240.html

Personally I feel the company is rather recession proof and its competitor is NTUC Fairprice and Giant. With its ability to supply good pork products, it can cater specifically to the chinese community