
I catching bird again :)
Who like to catch  bird too?
A typical ah beng provision store
you sure 是 一 只 小 小 小 小 鸟 ?
Probably it is a Chicken...
Flyordie ( Date: 29-Mar-2012 13:33) Posted:
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想 要 飞 呀 飞 , 飞 呀 飞 不 高
Don't worry, small bird still trying to fly higher :)
  鸟 .....??????
Flyordie ( Date: 13-Mar-2012 15:21) Posted:
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小 小 鸟 ???
Sheng siong - Thought it sounds  " seng song"
The " song" always cum sooner or later one.
Either song now and than suffer later or Suffer now and than song later :)
Cause Suffer and song always opposite - only one can happen at anyone time.
Unless sadist la...suffer at the same time feel song haha...kidding:)
warrenbegger ( Date: 07-Mar-2012 19:52) Posted:
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When others don't want and throw cheap to me,
The other side wants to buy higher from me.
What a good  business :)
Sheng siong = Siao Strong shoik and song
No need to imagine anything - its a fact that for any successful business, the majority shareholders will always huat more than the other shareholders. p
One good way of looking at their listing is that they are giving back to people who have supported them... at least for those who have vested in this counter. Divident yield not interesting enough for me to vest to keep long term. retail business has a low profit margin, hence the term FMCG (Fast-moving-consumer-goods) is a commonly used term in the industry - profitability is heavily reliant on high volume sales. A lot of their cost goes into staff overheads, distribution costs, warehousing, pilferage and spoilage, in no particular order of magnitude.
Rev at $578.4m, -8% yoy and net profit at $27.3m... Revenue so high but only got 27.3 million profits.
That mean their type of business the overheads very high.........................
Imagine if the company cannot meet the basic revenue..........or revenue shrink alot then -  lost money...
They must hit at least 550 million and above to  make profits ?
Risk quite high in that sense. though they claim to distribute 90% of profits to shareholders. Don't forget the owner and  his family members are majority shareholder ?
If its  true, who get the most benefit from 90% of profits return to shareholders ?
Imagine.
3.6% divident yield Huat? You so easy to please? lol
Kensonic77 ( Date: 23-Feb-2012 23:50) Posted:
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Wow!!!  I am looking forward to 90% return of my investment liao
HUATAH!!!  TAI Kay Huat Huat Chai
elmo99 ( Date: 24-Feb-2012 00:12) Posted:
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Sheng Siong: Reported FY11 results which were slightly below average estimates.
  Rev at $578.4m, -8% yoy and net profit at $27.3m, -36.1% yoy. Gross margins improved slightly at 22.1% vs 21.8% yoy. Co. has recommended a cash div of 1.77c/share, representing a payout ratio of 90% and a yield of 3.6%.
Drop in YoY Rev due to closure of Ten Mile Junction (25,000 sqf) in Nov10 and Tanjong Katong (16,949 sqf) in Sept11 as both buildings were sold for re-development. Grp added four new outlets – Elias Mall in Jan11, Teck Whye in May11 and Woodlands Industrial Park and Thomson Imperial Court in Nov11 and ended yr with 25 outlets, an increase of two outlets over previous yr and expanding retail area by 3.3% YoY to ard 348,000 sqft.
Net profit down due to a reduction in other income of $12.7m, one-off IPO expenses of $1.8m and higher income tax of S$0.9m. The decline in other income was attributable to several one-off income including a S$9.6m gain from the divestment of listed equities in 2010 prior to the Group’s listing and the loss of retail rental of $1.5m from the Ten Mile Junction outlet.
Going forward, grp expect the retail market in Singapore to remain challenging, in view of the uncertain global economic outlook, limited population growth and continuing competition. However, expect FY2012 performance to be boosted by contribution from new outlets and a one-off gain of $10.4m from the sale of grp’s Marsiling warehouse.
shd be quite gd though report not out yet... but 90% of profits goes to dividened...
Kensonic77 ( Date: 23-Feb-2012 23:50) Posted:
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HUAT Ah!!!   Lai Liao!  Lai LiaoHorSay Liao!!!!
how much dividend?
Wow !!!! Amazing !!! Huat ah !!!