Added to YB: 2025-11-06
Pitch date: 2025-09-25
OV8.SI [bullish]
Sheng Siong Group Ltd
+55.39%
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 2.06
Price Target
6.34 (+96%)
Dividend
2.34%
EV/EBITDA
18.36
P/E
30.94
EV/Sales
2.80
Sector
Consumer Staples Distribution and Retail
Category
growth
25-09-2025 Sheng Siong (SGX: OV8) - Chan Jian Liang
OV8.SI: Singapore supermarket operator targeting 8-10 new stores annually (vs historic 3-5) following HDB's 25k+ flat launches. 88% stores under residential blocks create natural moats. Superior margins: 29.4% gross vs peers at 1-4%, 10% net margin, 29.6% ROE. Benefits from $1.1B CDC vouchers boosting purchasing power. Price target $6.34 (200% upside, 5yr).
Read full article (19 min)