Sheng Siong – a good dividend stock?

Sheng Siong – a good dividend stock?

I’m a great fan of dividend stock, especially those with sound business model and in the right industry( Example, with recurring business). Two weeks ago, i enter into this trade @ $0.62 and i re-enter Sheng Siong today @ $0.665, which i using Average Up method instead of Average Down. And i shall talk more about this Average up method in the future.

The uptrend of this stock still look promising with a support line @ $0.58, and a dividend yield of 3.910%(2013), 4.135%(2012), 2.662%(2011). The stock looks like it being consolidated for 6 months, and let see if it shall provided the boast for it to break $0.690 in the coming months to come.

shengsiong-150714

Company Background

The Company was incorporated in Singapore on 10 November 2010 under the name of Sheng Siong Group Pte Ltd. The Company changed its name to Sheng Siong Group Ltd on 4 July 2011 in connection with its conversion to a public company limited. The Group comprises the Company and its subsidiaries, SS Supermarket, CMM Marketing and SS Malaysia.

The Group is principally engaged in operating the Sheng Siong groceries chain. Its stores are primarily located in retail locations in the heartlands of Singapore, and designed to provide customers with both “wet and dry” shopping options, including a wide assortment of live, fresh and chilled produce, such as seafood, meat and vegetables, in addition to processed, packaged and/or preserved food products as well as general merchandise such as toiletries and essential household products. The Group has also developed a selection of housebrands to offer customers quality alternatives to national brands at substantial savings. To support its retail operations, the Group also has an extensive distribution network, food-processing facilities, and warehousing facilities. In May 2011, the Group completed construction of its new corporate headquarters and warehousing and distribution centre at Mandai Link.

(Data from http://www.shareinvestor.com)

 

Disclaimer:

All analysis are based on my own personal point of view and experience and it should not be used as a decision to solicit buy/sell activity.

And purpose of this article is written in mind for main purpose of knowledge sharing & discussion, never to induce or promote any insider trading or manipulation activities.

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Ugly Truth of this hunting ground call Stock Market.

Ugly Truth of this hunting ground call Stock Market.

This story described perfectly of how this hunting ground Stock Market works.18-monkey-with-banana

Once upon a time in village, a man appeared and announced to the villagers that he would buy monkeys for $10 each.

The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort.

He further announced that he would now buy at $20. this renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.

The offer increased to $25 each and the supply of monkeys because so little that it was an effort to even see a monkeys, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant told the villagers; “Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.

The villagers rounded up with their savings and bought all the monkeys. Then they never saw the man nor his assistant. only monkey everywhere