Stable income, expanding footprint, and ROE above 25% for 5 years straight?
$Sheng Siong(OV8)$ might be the most boringly profitable stock on SGX — and that's a good thing.
🛍️ Competitive Landscape
Singapore's grocery retail sector is highly competitive, featuring major brick-and-mortar players like NTUC FairPrice, $DFIRG USD(D01)$ , and Sheng Siong. In recent years, the rise of e-commerce platforms such as Lazada's RedMart and $Sea Ltd(SE)$ Supermarket has intensified competition, offering consumers the convenience of online grocery shopping with features like same-day delivery and personalized promotions.
Despite this digital shift, Sheng Siong maintains a strong foothold in the market by focusing on value-for-money offerings and strategically locating its stores in suburban neighborhoods.
In addition, Sheng Siong's emphasis on fresh produce and essential items ensures consistent foot traffic, reinforcing its position amidst the growing e-commerce presence.
Here's a quick breakdown:
https://www.investkaki.com/p/new-weekly-series-1-min-stock-rundown-starts-today
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