Stock Market Chinese New Year is a great time for feasting as families gather once a year to catch up over some delicious food.
In particular, such income will be subject to a 10 per cent tax on the value of the amount collected by tenants, including service and utility coverage charges. The new regulation is effective Cimb sheng siong group Jan 2 this year.
For the purposes of illustration, assuming the new regulations were in effect as of Jan 1 last year instead, the Reit manager calculates that FY17 distribution per unit DPU would have been 7.
A DPU of 3. We believe the news will prompt selling pressure on the counter.
With the recent rebranding of all 57 Shop n Save stores as Giant Stores, analysts from CIMB feel that Sheng Siong’s strength in the budget segment has been highlighted. Kenneth Ng and Lee Mou Hua opined that the rebranding by Dairy Farm spoke of the troubles that group faces with the Mandarin speaking, budget conscious consumer. May 22, · Sheng Siong Supermarket; Wonderfully developed by the reputable Fairview Developments Pte Ltd — Tong Eng Group. Serene and Tranquil Landed enclave in District Well equipped with high quality facilities as well as top brands fittings and appliances. “Less is More” concept that describe the notion of elegance and Simplicity. 3 Retail│Singapore Sheng Siong Group│July 3, x Title: Figure 3: SSG’s historical net cash per share, net operating cash flow and capex CGS-CIMB RESEARCH, COMPANY REPORTS Figure 4: Results preview SOURCES: CGS-CIMB, COMPANY REPORTS.
As we use a dividend discount model to value the Reit, a hit to future projected dividends will have a negative impact on our fair value of Keppel could emerge as the relatively stronger one with above-consensus reported profit with the best balance sheet and return on equity.
Overall, offshore and marine earnings before interest and taxes margin are likely to hover around 1 per cent to 3 per cent on lacklustre yard utilisation.
India may report narrowing loss from higher merchant prices and interest cost savings. We maintain overweight on the sector due to improving new order prospects and earnings bottoming out, and prefer Keppel in the short term.
Sheng Siong Group Buy April 11 close: RHB Group Research, April 11 Our recent channel checks in some of the new Sheng Siong supermarkets suggest that the company has worked on improving its store display and brand image to appeal to the younger generation.
The new stores are much neater and cleaner compared with some of the Giant stores. Sheng Siong still has a fairly captive population. We previously highlighted that the large number of supermarket sites available for lease by the HDB was a key concern. We maintain the view that close proximity between some of these sites would eventually lead to cannibalisation of sales.
But we think the impact would likely be felt in two to three years when most of these sites have been bid for and opened. The construction of the new extension was initially estimated to add 10 per cent in capacity but based on recent conversation with management, it revealed that the extension would add 20 per cent more storage space.
The extension should be completed by early next year and should allow the group to reap more operational efficiencies. Singapore property Positive Broker: Maybank Kim Eng, April 10 Fresh data points continue to validate our call for a property price rebound.
New launches this year have achieved significant premiums over comparable projects launched in recent years. The price rebound appears to be broad-based with strong performance across all market segments.
There are 15 residential sites up for tender, which could add 4, units to the pipeline for developers. These deals represent significant revenue opportunities that developers can pursue to capitalise on the market rebound.
Most developers in Singapore have a net gearing of less than 1. A word of caution has to be said about a supply build-up in estimates.
With collective sale deals since last year potentially adding 20, units in their new properties, we see private housing supply rising to over 17, units in As such, we believe the market could focus on potential weakness from late Print Edition Subscribe Topics:Our recent grouse about Sheng Siong - its lack of new store growth over the past years - is about to change.
Sheng Siong added a new store in a dormitory in December and its new Tampines site will open in January. Sinbon Electronics (82) 2 BGF Retail GS Retail Orion Holdings LG Household & Health Care Amorepacific CLIO Cosmetics Cosmax Korea Kolmar GS Home Shopping E-MART (65) First Myanmar Investment BreadTalk Group Dairy Farm International Sheng Siong Group First Resources Golden Agri-Resources Indofood Agri Resources Wilmar.
Sheng Siong Group Ltd ("the Company") is selling m New Shares and m Vendor shares in the upcoming IPO. Out of the m shares, 15m will be for the public and the rest via placement at $ each.
Ai Ching profiles. Share on LinkedIn Assoc Media Manager at P&G, Private Equity Intern at CIMB Investment Bank: Education: University of Bristol: Summary: Executive at Sheng Siong Group. CGS-CIMB analyst Cezzane See found that Sheng Siong has two pending bids for stores at least 10, sqft in size.
It placed a bid of $82, and $54, for a store in BT Batok East Avenue 6. It placed a bid of $82, and $54, for a store in BT Batok East Avenue 6.
Director, Group Human Resource - Performance Management at CIMB Group. Frauline Josephine Hor.
Assistant Vice President, Strategy & Planning, Group Corporate Events, CIMB Bank. Branch Manager at CIMB. Sheng Lee. CIMB Wealth Management. WEE LIAM WANG. AVP at CIMB.
Ahmad Farid. Vice President at CIMB. Public profile leslutinsduphoenix.com: Banker at CIMB.