17 May '18, 7am

"Sheng Siong share price surged on surprise $100 million investment" via

At a time when Dairy Farm is selling its 7-Eleven stores in Singapore, arch rival Sheng Siong’s stunning financial performance attracted $100 million from Mondrian Investment Partners Limited which acquired 99,000,000 ordinary shares of Sheng Siong from the company founders. With a Price/Book Value of 5.3 and P/E of 21.7, is Sheng Siong share price inflated? Apparently, Mondrian doesn’t think so. Mondrian Investment Partners, founded in 1990, is an independent global investment manager with offices in London and Philadelphia and a value-oriented, defensive investment approach. Given its investment mandate, Mondrian must have felt that Sheng Siong share price was undervalued, thus the explanation for the purchase. Listed in the SGX mainboard only on 17 August 2011, Sheng Siong share price was trading at merely $0.33. Fast forward seven years later, the share price had shake...

Full article: http://thefinance.sg/2018/05/17/sheng-siong-share-price-s...

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