Reply to @layers : Yup it still a good company no doubt as a defensive stock.
But the valuation may be abit rich atm especially since it lost its growth story narrative.
As a dividend play, it is still not at a good enough price yet
From a value point of view, I’ll stay away from it. Might be willing to come it if it goes down more enough. A 1% drop hardly qualifies as a drop anyway
but in comparison ss cheaper than competitors and earnings for last q shud be decent. hmm
Reply to @FA_TA : looks weak.., seems to heading down
got bb selling before results
Sheng siong has been trading at a premium for a while now. Defensive stocks don’t do well in bullish market
Reply to @layers : Yup it still a good company no doubt as a defensive stock.
But the valuation may be abit rich atm especially since it lost its growth story narrative.
As a dividend play, it is still not at a good enough price yet
From a value point of view, I’ll stay away from it. Might be willing to come it if it goes down more enough. A 1% drop hardly qualifies as a drop anyway