SGX:OV8Consumer Retailing
Sheng Siong (SGX:OV8) Stock Climbs As Valuation Meets Slower Store Growth
Sheng Siong Group stock came into this earnings day on a steady run, with the share price up about 10% over the past three months and closing at S$3.34. On the surface the headline looks simple. Q2 net profit was S$37.62m on revenue of S$402.58m and earnings per share came in at S$0.025. The real story for long term holders sits in the trailing 12 month figures, where net income reached about S$157.94m and earnings per share were S$0.105. Those numbers now have to work hard against a P/E of...