RAMPANT - Hyun Bin, Jang Dong-Gun

Omo! 😮 Oppas are almost here! Meet Hyun Bin, Jang Dong-Gun and director Kim Sung-Hoon as they make special appearances at two events here in Singapore for RAMPANT!
𝐌𝐞𝐞𝐭-&-𝐆𝐫𝐞𝐞𝐭 𝐒𝐞𝐬𝐬𝐢𝐨𝐧
📅: 30 Oct 2018 (Tue), 7:00PM
📍: Level 1, North Atrium, Suntec City

𝐑𝐞𝐝 𝐂𝐚𝐫𝐩𝐞𝐭 𝐄𝐯𝐞𝐧𝐭
📅: 30 Oct 2018 (Tue), 8:00PM
📍: Resorts World Theatre, Resorts World Sentosa
See you there!

Sheng Siong Group - Undemanding Valuation

With 48 stores located across the island, Sheng Siong Group (Sheng Siong) operates the third largest supermarket chain in Singapore that caters to the country’s mass market. Since its IPO listing in 2011, bottom line growth has continued to remain steady, driven by margin expansion from efficiency gains in the supply chain. Given its defensive business model and almost no foreign exposure, Sheng Siong’s business is relatively sheltered from global economic uncertainty.

Sheng Siong currently trades around a price-to-earnings multiple of 22.5 times, which is just slightly above its 7‐year average of 22.3 times. At its current valuation, KGI finds that it offers a good entry point given Sheng Siong’s resilience amid an uncertain economic environment. It also offers a dividend yield of  about 3.3 percent.

Singapore Post

MBKE highlights SingPost as one of the best placed logistics companies in ASEAN that is poised to benefit from the rapid growth in e-commerce. The recent continued growth in international mail volume through its partnership with Alibaba is evidence of the rapid growth in ecommerce. Although SingPost has had its fair share of results disappointment lately, MBKE believes this is mainly due to the implementation of revised terminal dues. Its ability to ride on the growing ecommerce trend continues to be strong.

BUY, TP $1.50; Current share price $1.13

Sheng Siong Group | BUY

BROKERS' TAKE 

 

Aug 20 close: S$1.11
Target price: S$1.30
RHB Research, Aug 20
Sheng Siong is our top pick in the Singapore consumer sector. We reiterate our "buy" call with a higher target price of S$1.30 from S$1.27 previously, implying a 19 per cent upside.

Brother of the Year Meet-&-Greet Session

Get up close with Nichkhun of 2pm, Sunny and Yaya at the BROTHER OF THE YEAR meet-and greet session!

Bugis+ Atrium, L2 on 2 Jul (Mon), 6pm.