Price Target Changed • May 05
Price target increased by 7.4% to S$3.05 Up from S$2.84, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of S$3.09. Stock is up 68% over the past year. The company is forecast to post earnings per share of S$0.11 for next year compared to S$0.099 last year. Upcoming Dividend • Apr 27
Upcoming dividend of S$0.038 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Singaporean dividend payers (4.9%). In line with average of industry peers (2.6%). Reported Earnings • Apr 08
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: S$0.099 (up from S$0.091 in FY 2024). Revenue: S$1.57b (up 9.9% from FY 2024). Net income: S$149.5m (up 8.7% from FY 2024). Profit margin: 9.5% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 03
Price target increased by 11% to S$2.79 Up from S$2.51, the current price target is an average from 8 analysts. New target price is 6.8% above last closing price of S$2.61. Stock is up 59% over the past year. The company is forecast to post earnings per share of S$0.11 for next year compared to S$0.099 last year. Reported Earnings • Mar 03
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: S$0.099 (up from S$0.091 in FY 2024). Revenue: S$1.57b (up 9.9% from FY 2024). Net income: S$149.5m (up 8.7% from FY 2024). Profit margin: 9.5% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Mar 01
Dividend of S$0.038 announced Shareholders will receive a dividend of S$0.038. Ex-date: 4th May 2026 Payment date: 15th May 2026 Dividend yield will be 2.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 22
Sheng Siong Group Ltd. Announces Re-Designation of Fan Hongbo as Chief Financial Officer, Effective February 1, 2026 Sheng Siong Group Ltd. announced the re-designation of Fan Hongbo from Financial Controller to Chief Financial Officer, effective February 1, 2026. Mr. Fan was appointed as the Financial Controller of the Company on September 1, 2022. Mr. Fan is responsible for overseeing financial, accounting, tax, treasury, risk management matters and corporate affairs of the Group. He has also been leading the Group's investor relations engagements. March 2013 to August 2022 Lion Asiapac Limited Finance Manager (Singapore, Malaysia, China and Australia). 2014 to 2018 - Master of Business Administration (MBA), Strathclyde Business School. 2004 to 2006 - Association of Chartered Certified Accountants (ACCA), The Institute of Certified Public Accountants of Singapore. 1994 to 1998 - Water Engineering, a subdivision of Environmental Engineering, Huazhong University of Science and Technology. Price Target Changed • Nov 04
Price target increased by 7.5% to S$2.50 Up from S$2.33, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of S$2.51. Stock is up 54% over the past year. The company is forecast to post earnings per share of S$0.10 for next year compared to S$0.091 last year. Buy Or Sell Opportunity • Nov 03
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to S$2.47. The fair value is estimated to be S$1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: S$0.029 (vs S$0.026 in 3Q 2024) Third quarter 2025 results: EPS: S$0.029 (up from S$0.026 in 3Q 2024). Revenue: S$415.5m (up 14% from 3Q 2024). Net income: S$43.7m (up 12% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 22
Price target increased by 8.3% to S$2.33 Up from S$2.15, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of S$2.25. Stock is up 43% over the past year. The company is forecast to post earnings per share of S$0.098 for next year compared to S$0.091 last year. Declared Dividend • Aug 01
First half dividend of S$0.032 announced Dividend of S$0.032 is the same as last year. Ex-date: 14th August 2025 Payment date: 29th August 2025 Dividend yield will be 3.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: S$361.7m (up 7.0% from 2Q 2024). Net income: S$33.8m (flat on 2Q 2024). Profit margin: 9.3% (in line with 2Q 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Retailing industry in Asia. Upcoming Dividend • Apr 25
Upcoming dividend of S$0.032 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Singaporean dividend payers (6.1%). In line with average of industry peers (3.5%). Reported Earnings • Apr 07
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: S$0.091 (up from S$0.089 in FY 2023). Revenue: S$1.43b (up 4.5% from FY 2023). Net income: S$137.5m (up 2.9% from FY 2023). Profit margin: 9.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Declared Dividend • Mar 01
Final dividend of S$0.032 announced Shareholders will receive a dividend of S$0.032. Ex-date: 2nd May 2025 Payment date: 16th May 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: S$0.092 (up from S$0.089 in FY 2023). Revenue: S$1.43b (up 4.5% from FY 2023). Net income: S$137.5m (up 2.9% from FY 2023). Profit margin: 9.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Announcement • Feb 28
Sheng Siong Group Ltd, Annual General Meeting, Apr 29, 2025 Sheng Siong Group Ltd, Annual General Meeting, Apr 29, 2025. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Director Chuan Aun Ko was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: S$0.026 (vs S$0.023 in 3Q 2023) Third quarter 2024 results: EPS: S$0.026 (up from S$0.023 in 3Q 2023). Revenue: S$363.2m (up 5.0% from 3Q 2023). Net income: S$39.1m (up 13% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: S$0.022 (vs S$0.021 in 2Q 2023) Second quarter 2024 results: EPS: S$0.022 (up from S$0.021 in 2Q 2023). Revenue: S$338.0m (up 1.2% from 2Q 2023). Net income: S$33.6m (up 4.9% from 2Q 2023). Profit margin: 9.9% (in line with 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Reported Earnings • Apr 26
First quarter 2024 earnings released First quarter 2024 results: Revenue: S$376.2m (up 5.5% from 1Q 2023). Net income: S$36.3m (up 8.9% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Announcement • Apr 26
Sheng Siong Group Ltd Approves Final Dividend Sheng Siong Group Ltd. announced Approval of payment of final dividend of 3.20 cents per ordinary share. Reported Earnings • Apr 04
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: S$0.089 (in line with FY 2022). Revenue: S$1.37b (up 2.1% from FY 2022). Net income: S$133.7m (flat on FY 2022). Profit margin: 9.8% (in line with FY 2022). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Declared Dividend • Feb 29
Final dividend increased to S$0.032 Dividend of S$0.032 is 4.2% higher than last year. Ex-date: 3rd May 2024 Payment date: 17th May 2024 Dividend yield will be 4.0%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 28
Sheng Siong Group Ltd, Annual General Meeting, Apr 25, 2024 Sheng Siong Group Ltd, Annual General Meeting, Apr 25, 2024. Agenda: To consider a final dividend. Reported Earnings • Feb 28
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: S$0.089 (in line with FY 2022). Revenue: S$1.37b (up 2.1% from FY 2022). Net income: S$133.7m (flat on FY 2022). Profit margin: 9.8% (in line with FY 2022). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Announcement • Feb 27
Sheng Siong Group Ltd Proposes Final Dividend (One-Tier Tax Exempt) for the Financial Year Ended 31 December 2023, Payable on 17 May 2024 The Board of Directors of Sheng Siong Group Ltd. (the "Company" and together with its subsidiaries, the "Group") announced that a final dividend (one-tier tax exempt) of 3.20 Singapore cents per ordinary share for the financial year ended 31 December 2023 ("Final Dividend"), subject to the shareholders' approval at the Company's Annual General Meeting to be convened on 25 April 2024, would be payable on 17 May 2024 to shareholders registered in the Share Transfer Books and Register of Members of the Company as at 5.00 p.m. on 6 May 2024. Notice is hereby given that the Share Transfer Books and Register of Members of the Company will be closed on 6 May 2024 for the purpose of determining the entitlements of the Company's shareholders to the Final Dividend. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: S$0.023 (vs S$0.022 in 3Q 2022) Third quarter 2023 results: EPS: S$0.023 (up from S$0.022 in 3Q 2022). Revenue: S$345.8m (up 3.7% from 3Q 2022). Net income: S$34.7m (up 6.0% from 3Q 2022). Profit margin: 10.0% (in line with 3Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Aug 10
Upcoming dividend of S$0.03 per share at 3.8% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Singaporean dividend payers (6.3%). In line with average of industry peers (4.2%). Announcement • Jul 28
Sheng Siong Group Ltd Announces Interim Dividend (One-Tier Tax Exempt) for the Financial Year Ending 31 December 2023, Payable on 30 August 2023 The Board of Directors of Sheng Siong Group Ltd. announced that an interim dividend (one-tier tax exempt) of SGD 0.0305 per ordinary share for the financial year ending 31 December 2023 ("Interim Dividend") would be payable on 30 August 2023 to shareholders registered in the Share Transfer Books and Register of Members of the Company as on 18 August 2023. Reported Earnings • Jul 28
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: S$333.9m (up 4.7% from 2Q 2022). Net income: S$32.0m (flat on 2Q 2022). Profit margin: 9.6% (in line with 2Q 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jul 01
Sheng Siong Group Ltd Announces Re-Designation of Woo Chee Kit from Acting Chief Information Officer to Chief Information Officer Sheng Siong Group Ltd. announced that the Nominating Committee ("NC") has assessed Mr. Woo Chee Kit ("Mr. Woo") and is of the view that Mr. Woo is suitably qualified for the role of Chief Information Officer given his qualification and experience. The Board of Directors concurred with the recommendation of the NC. Executive - Mr. Woo will lead the IT Department of the Group and oversee the IT systems required for the Group's operations, IT procurement, budgeting and IT staff development. Working Experience: 1 May 2017 - Promoted to Acting Chief Information Officer, 2013 to 2017 - Senior IT Manager, Sheng Siong Group Ltd. 2012 to 2013 - Senior Manager CHD Asia Pte. Ltd. Upcoming Dividend • Apr 28
Upcoming dividend of S$0.031 per share at 3.5% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Singaporean dividend payers (6.4%). In line with average of industry peers (3.4%). Reported Earnings • Apr 07
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: S$0.089 (up from S$0.088 in FY 2021). Revenue: S$1.34b (down 2.2% from FY 2021). Net income: S$133.3m (flat on FY 2021). Profit margin: 10.0% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Feb 28
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: S$0.089 (up from S$0.088 in FY 2021). Revenue: S$1.34b (down 2.2% from FY 2021). Net income: S$133.3m (flat on FY 2021). Profit margin: 10.0% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: S$0.022 (vs S$0.023 in 3Q 2021) Third quarter 2022 results: EPS: S$0.022 (down from S$0.023 in 3Q 2021). Revenue: S$333.5m (down 4.2% from 3Q 2021). Net income: S$32.8m (down 4.6% from 3Q 2021). Profit margin: 9.8% (in line with 3Q 2021). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 11
Price target increased to S$1.79 Up from S$1.64, the current price target is an average from 7 analysts. New target price is 12% above last closing price of S$1.60. Stock is up 3.2% over the past year. The company is forecast to post earnings per share of S$0.085 for next year compared to S$0.088 last year. Upcoming Dividend • Aug 10
Upcoming dividend of S$0.032 per share Eligible shareholders must have bought the stock before 17 August 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Singaporean dividend payers (5.8%). In line with average of industry peers (4.3%). Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: S$0.021 (vs S$0.023 in 2Q 2021) Second quarter 2022 results: EPS: S$0.021 (down from S$0.023 in 2Q 2021). Revenue: S$318.8m (down 7.4% from 2Q 2021). Net income: S$32.3m (down 8.1% from 2Q 2021). Profit margin: 10% (in line with 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Sheng Siong Group Ltd Announces Interim Dividend for the Financial Year Ending 31 December 2022, Payable on 30 August 2022 The Board of Directors of Sheng Siong Group Ltd. announced that an interim dividend (one-tier tax exempt) of SGD 0.0315 per ordinary share for the financial year ending 31 December 2022 ("Interim Dividend") would be payable on 30 August 2022 to shareholders registered in the Share Transfer Books and Register of Members of the Company as at 5.00 p.m. on 18 August 2022. Upcoming Dividend • May 02
Upcoming dividend of S$0.031 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Singaporean dividend payers (5.8%). In line with average of industry peers (4.4%). Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues in line with analyst expectations First quarter 2022 results: Revenue: S$358.0m (up 6.0% from 1Q 2021). Net income: S$35.1m (up 14% from 1Q 2021). Profit margin: 9.8% (in line with 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 5.0% compared to a 24% growth forecast for the industry in Singapore. Announcement • Apr 27
Sheng Siong Group Ltd Appoints Patrick Chee Teck Kwong as Lead Independent Director Sheng Siong Group Ltd. announced the appointment of Patrick Chee Teck Kwong as Lead Independent Director. Reported Earnings • Apr 07
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: S$0.088 (down from S$0.092 in FY 2020). Revenue: S$1.37b (down 1.7% from FY 2020). Net income: S$132.8m (down 4.2% from FY 2020). Profit margin: 9.7% (in line with FY 2020). Like-for-like sales growth: Down 4.8% vs FY 2020 Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Over the next year, revenue is expected to shrink by 4.2% compared to a 22% growth forecast for the retail industry in Singapore. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Sheng Siong Group Ltd, Annual General Meeting, Apr 26, 2022 Sheng Siong Group Ltd, Annual General Meeting, Apr 26, 2022. Agenda: To consider a final dividend of 3.1 cents per share. Reported Earnings • Feb 24
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: S$0.088 (down from S$0.092 in FY 2020). Revenue: S$1.37b (down 1.7% from FY 2020). Net income: S$132.8m (down 4.2% from FY 2020). Profit margin: 9.7% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Over the next year, revenue is expected to shrink by 7.1% compared to a 21% growth forecast for the retail industry in Singapore. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Sheng Siong Group Ltd. Proposes Final Dividend One-Tier Tax Exempt for the Financial Year Ended 31 December 2021, to Be Payable on 20 May 2022 The Board of Directors of Sheng Siong Group Ltd. announced that a final dividend (one-tier tax exempt) of 3.1 Singapore cents per ordinary share for the financial year ended 31 December 2021 ("Final Dividend"), subject to the shareholders' approval at the Company's Annual General Meeting to be convened on 26 April 2022, would be payable on 20 May 2022 to shareholders registered in the Share Transfer Books and Register of Members of the Company as at 5.00 p.m. on 10 May 2022. Notice is hereby given that the Share Transfer Books and Register of Members of the Company will be closed on 10 May 2022 for the purpose of determining the entitlements of the Company's shareholders to the Final Dividend. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Patrick Chee was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2021 earnings released The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: S$348.1m (up 6.4% from 3Q 2020). Net income: S$34.4m (up 8.2% from 3Q 2020). Profit margin: 9.9% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 18
Sheng Siong Group Ltd Announces Temporary Store Closure at Sheng Siong - Bukit Batok 440 Store The Board of Directors of Sheng Siong Group Ltd. updated shareholders that the Company announced temporary store closure at Sheng Siong Bukit Batok 440 Store on 16 May 2021 as one of its employees at the Bukit Batok 440 store (Blk 440 Bukit Batok Ave 8 #01-10 S650440) had tested positive for COVID-19 on 15 May 2021. In line with National Environment Agency's guidelines to disinfect the premises, the store was closed at 4pm on 16 May 2021 for two days for deep cleaning procedures. Business will resume at 7am on Tuesday, 18 May 2021. Upcoming Dividend • Apr 30
Upcoming dividend of S$0.03 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 20 May 2021. Trailing yield: 4.2%. Lower than top quartile of Singaporean dividend payers (4.6%). In line with average of industry peers (4.0%). Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS S$0.021 (vs S$0.019 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: S$337.5m (up 2.7% from 1Q 2020). Net income: S$30.8m (up 7.5% from 1Q 2020). Profit margin: 9.1% (up from 8.7% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Sheng Siong Group Ltd Declares A Final (One- Tier Tax Exempt) Dividend for the Financial Year 2020, Payable on May 20, 2021 Sheng Siong Group Ltd. at its AGM held on April 26, 2021 declared a final (one- tier tax exempt) dividend of 3.0 cents per ordinary share for the financial year 2020, payable on May 20, 2021. Executive Departure • Apr 14
Finance Director has left the company On the 1st of April, Soong Kit Wong's tenure in the role of Finance Director ended. We don't have any record of a personal shareholding under Soong Kit's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 07
Full year 2020 earnings released: EPS S$0.092 (vs S$0.05 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: S$1.39b (up 41% from FY 2019). Net income: S$138.7m (up 83% from FY 2019). Profit margin: 9.9% (up from 7.6% in FY 2019). The increase in margin was driven by higher revenue. Like-for-like sales growth: 29.1% vs FY 2019 Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 10
New 90-day low: S$1.52 The company is down 2.0% from its price of S$1.55 on 10 December 2020. The Singaporean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$1.80 per share. Announcement • Feb 25
Sheng Siong Group Ltd, Annual General Meeting, Apr 26, 2021 Sheng Siong Group Ltd, Annual General Meeting, Apr 26, 2021. Agenda: To approve the final dividend for the financial year ended December 31, 2020. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS S$0.092 (vs S$0.05 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: S$1.39b (up 41% from FY 2019). Net income: S$138.7m (up 83% from FY 2019). Profit margin: 9.9% (up from 7.6% in FY 2019). The increase in margin was driven by higher revenue. Like-for-like sales growth: 29.1% vs FY 2019 Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 19% per year. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%. Over the next year, revenue is expected to shrink by 11% compared to a 13% growth forecast for the Consumer Retailing industry in Singapore. Announcement • Jan 29
Sheng Siong Group Ltd to Report Q4, 2020 Results on Feb 24, 2021 Sheng Siong Group Ltd announced that they will report Q4, 2020 results on Feb 24, 2021 Is New 90 Day High Low • Dec 08
New 90-day low: S$1.53 The company is down 8.0% from its price of S$1.67 on 09 September 2020. The Singaporean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$1.22 per share. 
