- Sheng Siong (SGX:OV8)’s attractive financial metrics include an ROE of 27%, a dividend yield of 4.1%, and net cash of S$353mil.
- FY24 results were below expectations. Revenue/adj.PATMI were 98%/97%, respectively, of our FY24e forecast. Staff costs jumped 14% y-o-y to S$56.6mil in 4Q24. The progressive wage model is causing wage levels across roles in the store to continue climbing.
- - Read this at SGinvestors.io -
The Positive
New stores fuelled growth.
- - Read this at SGinvestors.io -
The Negative
Rising staff costs.
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Paul Chew Phillip Securities Research | https://www.poems.com.sg/ 2025-03-03
Previous report by Phillip:
2024-11-01 Sheng Siong - More Stores & Margin Expansion.
Price targets by 2 other brokers at Sheng Siong Target Prices.
Listing of research reports at Sheng Siong Analyst Reports.
Relevant links:
Sheng Siong Share Price History,
Sheng Siong Announcements,
Sheng Siong Dividend Payout Dates & Corporate Actions,
Sheng Siong News
