Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Sheng Siong (SSG SP): Record Q1FY26 Revenues Driven By Store Expansions

Sheng Siong Group Ltd (SSG SP) Q2FY26: Steady Low Double-Digit Growth

Sheng Shiong (SSG) Vs. Kimly: Convergence

Sheng Siong (SSG SP) - Great Execution So Far, Maintaining >20% ROCE

Sheng Siong (SSG SP): Surpassing Expectations Handsomely, But Fairly Valued. Money Off The Table?

Sheng Siong (SSG SP): Another Resilient Quarter, Cash Pile Growth Continues

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>Sheng Siong Group delivered a strong beat in both Q4 FY2025/FY25, with revenue surging 10% YoY in FY25 to S$1507M and full-year NPAT attributable to owners reaching S$149.5M (+8.7% YoY).</li>
<li>The aggressive Singapore expansion of 12 new stores in FY2025 (total 93 stores) drove top-line growth. The management normally targets 3-5 stores per year. </li>
<li>The proposed final dividend of 3.80 cents per share (vs. 3.20 cents in FY24) represents an 18.75% step-up, signaling management confidence (though we are disappointed that the cash pile continues). </li>
</ul>


Sheng Siong Group delivered a strong beat in both Q4 FY2025/FY25, with revenue surging 10% YoY in FY25 to S$1507M and full-year NPAT attributable to owners reaching S$149.5M (+8.7% YoY).
The aggressive Singapore expansion of 12 new stores in FY2025 (total 93 stores) drove top-line growth. The management normally targets 3-5 stores per year. 
The proposed final dividend of 3.80 cents per share (vs. 3.20 cents in FY24) represents an 18.75% step-up, signaling management confidence (though we are disappointed that the cash pile continues). 


Sheng Siong (SSG SP): Annual Report Gleanings, Not Appealing Here Despite The Stellar Performance