Added to YB: 2025-11-06
Pitch date: 2025-09-25
OV8.SI [bullish]
Sheng Siong Group Ltd
+23.7%
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 in Singapore.
Market Cap
SGD 3.5B
Pitch Price
SGD 2.11
Price Target
6.34 (+143%)
Dividend
2.76%
EV/EBITDA
14.28
P/E
24.12
EV/Sales
2.09
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)