My Personal Analysis of Sheng Siong Group Ltd

Sheng Siong Logo

Established in 1985 and listed on the Singapore Exchange in 2011, we are one of Singapore’s largest retailers with over S$725 million in revenue for FY2014, and we are principally engaged in operating the Sheng Siong Groceries Chain, in 38 locations all across Singapore as at June 2015

Dividends

Sheng Siong pays stable yearly dividends.

Year 2012 2013 2014 2015
Total dividend (cents) 2.8 3.0 3.0 3.3
Earnings per share (cents)  3.01  2.81  3.34  3.4
Dividend payout ratio (%)  93%  107%  90%  97%

Debt

Sheng Siong has no debt over the years.

Year 2012 2013 2014 2015 (30th June)
Net Interest Expense (SGD dollar in thousands) 0 0 0 0
Operating Income (SGD dollar in thousands) 33,833 45,110 71,722 16,623
Debt service ratio (%)  0% 0% 0% 0%

* Figures from Morning Star

Investment Moats

Established Household Brand

Sheng Siong is an established household brand in Singapore known for competitive prices.

Sheng Siong Show

I believe everyone of you have watched “The Sheng Siong Show”. The television variety show, was launched in April 2007 and attracted strong viewership. “The Sheng Siong Show” is now a regular-season (mid-year and year-end) programme on national television, MediaCorp Channel 8. Read More

ST Engineering 2Q2015 – Interim Dividend of 5 cents per Ordinary Share

ST_Engineering_2Q2015

Singapore, 14 August 2015 – Singapore Technologies Engineering Ltd (ST Engineering) announced today financial results for its second quarter ended 30 June 2015 (2Q2015). Group revenue was $1.55b compared to $1.59b in the same quarter last year, and profit before tax (PBT) was $158.5m compared to $163.7m. Net profit after tax (Net Profit) was 6% down at $125.0m versus $133.2m.

New Contracts for 2Q2015

  • $920m was from the Aerospace sector
  • $424m from the Electronics sector.

Dividend

The board has announced an interim ordinary dividend of 5 cents per ordinary share.

It will be paid on 3rd September 2015.