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Added to YB: 2025-11-06

Pitch date: 2025-09-25

OV8.SI [bullish]

Sheng Siong Group Ltd

+55.39%

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 2.06

Price Target

6.34 (+96%)

Dividend

2.34%

EV/EBITDA

18.36

P/E

30.94

EV/Sales

2.80

Sector

Consumer Staples Distribution and Retail

Category

growth

Show full summary:
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)