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Added to YB: 2025-05-08

Pitch date: 2025-03-22

OV8.SI [bullish]

Sheng Siong Group Ltd

+106.7%

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. 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 1.55

Price Target

2.30 (-29%)

Dividend

2.34%

EV/EBITDA

18.36

P/E

30.94

EV/Sales

2.80

Sector

Consumer Staples Distribution and Retail

Category

value

Show full summary:
Sheng Siong Group Ltd - $OV8.SI

OV8.SI: Singapore's #3 grocer with 11.2% margins (2x industry avg). Trading at 16x P/E (14x ex-cash), 8% FCF yield with 4%+ dividend. Family-run with 50%+ ownership. LFL sales turning positive with footprint expansion. 2027 PT S$2.38 (+40%) based on 16.5x P/E. Limited downside with 10% net cash position.

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