For my SRS portfolio this week, l have added Sheng Siong 16 lots. I like what l saw of its 9M2012 results - Revenue +8.4% and Profit +43.3%. Operating cash flow though lower but is cash generating. It has strong balance sheet and is debt free. With its good 9M2012 results it is a sensible move to add two new stores in Ghim Moh and Clementi and also to take a higher stock variance from its annual inventory count in 4Q2012. The only nagging problem will be the tight regulations on supply of foreign labor; but Sheng Siong is not all alone facing this problem so it will be resolved in certain ways and format somehow.
Portfolio walk since previous posting :-
+$5,298 Total Returns as of 8 Feb
-$2 Unrealised positions worsened
+$5,296 Total Returns as of 15 Feb
previous posting :- SRS - Closing status 8 Feb
Portfolio walk since previous posting :-
+$5,298 Total Returns as of 8 Feb
-$2 Unrealised positions worsened
+$5,296 Total Returns as of 15 Feb
previous posting :- SRS - Closing status 8 Feb
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