Added to YB: 2025-05-08
Pitch date: 2025-03-22
OV8.SI [bullish]
Sheng Siong Group Ltd
+64.57%
current return
Author Info
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Company Info
Sheng Siong Group Ltd, an investment holding company, operates a chain of supermarket retail stores in Singapore.
Market Cap
SGD 3.5B
Pitch Price
SGD 1.59
Price Target
2.30 (-12%)
Dividend
2.76%
EV/EBITDA
14.28
P/E
24.12
EV/Sales
2.09
Sector
Consumer Staples Distribution and Retail
Category
value
Show full summary:
Sheng Siong Group Ltd - $OV8.SI
OV8.SI: Singapore's #3 grocer with 11.2% margins (2x industry avg). Trading at 16x P/E (14x ex-cash), 8% FCF yield with 4%+ dividend. Family-run with 50%+ ownership. LFL sales turning positive with footprint expansion. 2027 PT S$2.38 (+40%) based on 16.5x P/E. Limited downside with 10% net cash position.
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