Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 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 Group (SSG SP) Q2 2024: Steady - Opportunities To Grow in H2

Sheng Siong Q3 2024: Great Quarter Again, But We Aren't Fans of the Property Transaction

Sheng Siong Group (SSG SP) Q1 2024: Making a Strong Case for Growth This Year

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

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<li>
<a href="https://www.smartkarma.com/entities/sheng-siong-group-ltd" target="_blank" data-smartkarma-citation="entities:6824:1" rel="noopener">Sheng Siong (SSG SP)</a>  posted stable FY24 results, with revenue/profit increasing by 4.5%/ 3.1% YoY; however, Q4 2024 saw revenue/profit +6%/- 14% YoY due to higher SG&amp;A. </li>
<li>The company opened two stores in 2025 YTD to take the store count in Singapore to 77. There are eight more tenders for stores released by HDB. </li>
<li>The stock trades at 17.8x FY24 PE, with 15% of the market cap in cash and a 3.9% dividend yield. </li>
</ul>



Sheng Siong (SSG SP)  posted stable FY24 results, with revenue/profit increasing by 4.5%/ 3.1% YoY; however, Q4 2024 saw revenue/profit +6%/- 14% YoY due to higher SG&amp;A. 
The company opened two stores in 2025 YTD to take the store count in Singapore to 77. There are eight more tenders for stores released by HDB. 
The stock trades at 17.8x FY24 PE, with 15% of the market cap in cash and a 3.9% dividend yield. 


Sheng Siong Group (SSG SP): Miss on Q4 2024/But Strong Pipeline Addition