I can’t imagine sheng song doing that well in China with the same model. I recently came back from Kunming- the foreign supermarkets Carefour, Walmart are changing to become more upmarket with more spacious layouts and better decor. They aren’t competing on margins. They know price conscious shoppers will go to any nearby wet market for good quality fresh produce. Hema is also crazy popular despite the high prices, again because of the experience. There are also many, many other competitors for physical supermarkets covering the whole range of price points.
Sheng Siong has 5 outlets in Kun Ming. Now I think I don't understand China's landscape. But knowing how conservative they are, their intent is just to conquer Kun Ming. Kun Ming has our population, just imagine they can double the company size but monopolising one city, I think that is good enough.
it's not obvious how sheng siong succeeded when there is a large and strong incumbent in ntuc. i think the real reason is dairy farm ie giant and cold storage are so badly run (see share price) sheng siong was able to kill them in the heartlands
Recently I compare the price of meat Giant($9/kg) is cheaper then Sheng siong ($15/kg). Giant give discount to Senior every weekday easy for us to purchase
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
I diligently follow every episode in this channel
The sheng siong show also their driving force attracting more customers
This is a very underrated channel
Thanks GG! Appreciate it
I can’t imagine sheng song doing that well in China with the same model. I recently came back from Kunming- the foreign supermarkets Carefour, Walmart are changing to become more upmarket with more spacious layouts and better decor. They aren’t competing on margins. They know price conscious shoppers will go to any nearby wet market for good quality fresh produce. Hema is also crazy popular despite the high prices, again because of the experience. There are also many, many other competitors for physical supermarkets covering the whole range of price points.
Yes, very competitive! Thanks for sharing your experience in China!
Yeah, what about Comfort Delgro ?
Good job. Can do roundtable for ComfortDelGo which is now approaching the year low!
Thanks for the suggestion! We'll consider it
Are you sure ss gives good dividend vs share price?
Sheng Siong is now offering a +4% yield and they have a track record of paying a stable/growing dividend per share.
Great job !
Thanks, Indira!
Good job guys
Thanks Nicholas!
Is it expensive now?? 1.6x
In case if Amazon come into e commerce grocery space in SG, will it not affect the performance of SS.
Amazon Fresh is already in Singapore
Sheng Siong has 5 outlets in Kun Ming. Now I think I don't understand China's landscape. But knowing how conservative they are, their intent is just to conquer Kun Ming. Kun Ming has our population, just imagine they can double the company size but monopolising one city, I think that is good enough.
That's true! Good point.
@@TheFifthPersonChannel is there a earning per share ratio I can use for supermarket as a rough indicator?
@@MrBoliao98 Do you mean P/E ratio? 😊
@@TheFifthPersonChannel btw we all waiting for some video on banks, tmrw after ocbc, yall jiayous.
it's not obvious how sheng siong succeeded when there is a large and strong incumbent in ntuc. i think the real reason is dairy farm ie giant and cold storage are so badly run (see share price) sheng siong was able to kill them in the heartlands
cold storage seems to be closing stores and their gaints are getting smaller. DFI just sold off their CO, Gaint business in Malaysia.
Recently I compare the price of meat Giant($9/kg) is cheaper then Sheng siong ($15/kg). Giant give discount to Senior every weekday easy for us to purchase
One of my mistakes, I sold this stock early 😂
Haw Par
👍👍👍👍👍👍👍👍👍👍
Thanks!
They stop giving out 千倍 in their game shows and just need a Costco to upset their market share. Skip.
Maybe Sheng Siong is already the Costco of Singapore?