Added to YB: 2025-05-08
Pitch date: 2025-03-22
OV8.SI [bullish]
Sheng Siong Group Ltd
+109.28%
current return
Author Info
No bio for this author
Company Info
Sheng Siong Group Ltd, an investment holding company, operates a chain of supermarket retail stores. The company’s stores include live, fresh, and chilled produce, such as seafood, meat, fruits, and vegetables; dairy products; pantry staples, including rice, noodles, oils, spices, and seasonings; packaged, processed, frozen, and preserved food products; baby and personal care products; and assortment of beverages, wines, beers, and spirits, as well as other essential household merchandises.
Market Cap
SGD 4.9B
Pitch Price
SGD 1.55
Price Target
2.30 (-29%)
Dividend
2.34%
EV/EBITDA
18.36
P/E
30.94
EV/Sales
2.80
Sector
Consumer Staples Distribution and Retail
Category
value
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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