- We continue to like Sheng Siong (SGX:OV8) for its defensive features, strong cash flow-generating ability, net cash balance sheet, attractive dividend yields, and stable earnings driven by store network and margin expansion.
- - Read this at SGinvestors.io -
Sheng Siong is still driving gross profit margin expansion.
- Sheng Siong’s gross profit margin (GPM) expanded over the past 5 years, from 26% in 2017 to 30% in 3Q22. Bulk handing, tilting its sales mix towards fresh products, directly purchasing from sources, and the growth of its house brands (to a lesser extent) have all helped to drive GPM growth.
- - Read this at SGinvestors.io -
Outlook for new supermarket outlets available for tender remains positive.
- Read more at SGinvestors.io.