Should I buy Sheng Siong stock in 2025?
Is Sheng Siong stock a buy right now?
ScoreSheng Siong Group Ltd (SGX: OV8) continues to reinforce its reputation as a pillar of Singapore’s grocery retail sector. As of early May 2025, Sheng Siong’s shares trade near S$1.86 with an average daily trading volume of 2.47 million shares, reflecting active participation from both institutional and retail investors. The stock has performed impressively over the past year, notching over 20% gains and maintaining a steady uptrend since mid-2024. Recent highlights include robust first-quarter results—revenue is up 7.1% year-on-year as new store openings drive top-line expansion and gross profit margins show healthy improvement, even amid Singapore’s moderate economic growth and rising operational costs. Market sentiment currently leans constructive; investors appear confident in Sheng Siong’s resilience, drawn by its prudent growth strategy, attractive dividend yield (3.44%), and strong balance sheet. The ongoing store expansion plan, the largest in recent years, positions Sheng Siong to capture further market share as local consumption patterns evolve. The food retail sector’s defensive character, especially in uncertain times, also adds to Sheng Siong’s appeal. More than 31 national and international banks currently set a consensus target price of S$2.42, underscoring sustained belief in the group’s fundamentals and outlook.
- ✅Consistent revenue and net profit growth across multiple fiscal years.
- ✅Above-average dividend yield of 3.44% with a sustainable 70% payout ratio.
- ✅Zero debt and robust cash reserves ensure strong financial flexibility.
- ✅Aggressive store expansion strategy—10 new locations planned for FY2025.
- ✅Defensive, recession-resistant business model focused on daily essentials.
- ❌Share price may be volatile in the short term due to recent overbought signals.
- ❌Profit margins could face slight pressure from increased store openings and sector competition.
- ✅Consistent revenue and net profit growth across multiple fiscal years.
- ✅Above-average dividend yield of 3.44% with a sustainable 70% payout ratio.
- ✅Zero debt and robust cash reserves ensure strong financial flexibility.
- ✅Aggressive store expansion strategy—10 new locations planned for FY2025.
- ✅Defensive, recession-resistant business model focused on daily essentials.
Is Sheng Siong stock a buy right now?
ScoreSheng Siong Group Ltd (SGX: OV8) continues to reinforce its reputation as a pillar of Singapore’s grocery retail sector. As of early May 2025, Sheng Siong’s shares trade near S$1.86 with an average daily trading volume of 2.47 million shares, reflecting active participation from both institutional and retail investors. The stock has performed impressively over the past year, notching over 20% gains and maintaining a steady uptrend since mid-2024. Recent highlights include robust first-quarter results—revenue is up 7.1% year-on-year as new store openings drive top-line expansion and gross profit margins show healthy improvement, even amid Singapore’s moderate economic growth and rising operational costs. Market sentiment currently leans constructive; investors appear confident in Sheng Siong’s resilience, drawn by its prudent growth strategy, attractive dividend yield (3.44%), and strong balance sheet. The ongoing store expansion plan, the largest in recent years, positions Sheng Siong to capture further market share as local consumption patterns evolve. The food retail sector’s defensive character, especially in uncertain times, also adds to Sheng Siong’s appeal. More than 31 national and international banks currently set a consensus target price of S$2.42, underscoring sustained belief in the group’s fundamentals and outlook.
- ✅Consistent revenue and net profit growth across multiple fiscal years.
- ✅Above-average dividend yield of 3.44% with a sustainable 70% payout ratio.
- ✅Zero debt and robust cash reserves ensure strong financial flexibility.
- ✅Aggressive store expansion strategy—10 new locations planned for FY2025.
- ✅Defensive, recession-resistant business model focused on daily essentials.
- ❌Share price may be volatile in the short term due to recent overbought signals.
- ❌Profit margins could face slight pressure from increased store openings and sector competition.
- ✅Consistent revenue and net profit growth across multiple fiscal years.
- ✅Above-average dividend yield of 3.44% with a sustainable 70% payout ratio.
- ✅Zero debt and robust cash reserves ensure strong financial flexibility.
- ✅Aggressive store expansion strategy—10 new locations planned for FY2025.
- ✅Defensive, recession-resistant business model focused on daily essentials.
- What is Sheng Siong?
- How much is Sheng Siong stock?
- Our full analysis on Sheng Siong </b>stock
- How to buy Sheng Siong stock in Singapore?
- Our 7 tips for buying Sheng Siong stock
- The latest news about Sheng Siong
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been closely monitoring Sheng Siong’s performance for over three years. Every month, hundreds of thousands of users in Singapore rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never accepted, and will never accept, any compensation from Sheng Siong.
What is Sheng Siong?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Singapore | Headquartered and primarily operates in Singapore, focused on local mass-market consumers. |
| 💼 Market | Singapore Exchange (SGX) | Listed on SGX with ticker symbol OV8.SI, ensuring strong local investor participation. |
| 🏛️ ISIN code | SG2D54973185 | Unique security code for easy trade and identification on global investment platforms. |
| 👤 CEO | Lim Hock Chee | Long-standing CEO with deep operational experience, ensuring business stability and direction. |
| 🏢 Market cap | S$2.80 billion | Strong mid-cap status with institutional and retail support in Singapore's retail sector. |
| 📈 Revenue | S$1.43 billion (FY2024) | Revenue grew 4.5% year-on-year, supported by store expansion and stable consumer demand. |
| 💹 EBITDA | S$210.7 million (FY2024, estimated) | Healthy EBITDA margin reflects efficient operations and solid profitability for the industry. |
| 📊 P/E Ratio (Price/Earnings) | 20.0 | Trading slightly above sector average, indicating strong investor confidence but less upside. |
How much is Sheng Siong stock?
The price of Sheng Siong stock is rising this week. As of today, the share trades at S$1.86, reflecting a daily dip of 1.06% but a notable 4.5% gain over the past week.
| Market Capitalisation | S$2.80 billion |
|---|---|
| Average 3-Month Daily Trading Volume | 2.47 million shares |
| P/E Ratio | 20.01 |
| Dividend Yield | 3.44% |
| Beta | Lower-than-market |
With a lower-than-market beta, Sheng Siong delivers steady growth, making it a compelling choice for Singapore investors seeking stability and dependable returns.
Check out the best brokers in Singapore!Compare brokersOur full analysis on Sheng Siong stock
We have reviewed Sheng Siong’s latest quarterly results alongside its stock performance over the past three years, combining up-to-date financial indicators, technical signals, competitive positioning, and dynamic market data through our proprietary evaluation models. This cross-disciplinary analysis integrates both hard metrics and sectoral context, ultimately surfacing the strategic strengths and evolving outlook that define Sheng Siong’s investment case today. So, why might Sheng Siong stock once again become a strategic entry point into Singapore’s resilient grocery retail sector in 2025?
Recent Performance and Market Context
Recent Stock Price Movement
Sheng Siong’s stock has delivered a robust performance trajectory, underscored by a 21.85% rise over the past year and a 15.5% gain over the last six months, culminating in a recent close at S$1.86—right at its 52-week high. Week-on-week, the stock is up 4.5%, reflecting constructive momentum driven by both institutional flows and strong retail investor confidence. Its 52-week range of S$1.47 to S$1.88 demonstrates increasing resilience and consistent price appreciation, even amid broader market volatility.
Positive Recent Events
The stock’s trajectory has been amplified by notable positive developments. Q1 FY2025 results reported on May 9 showcased S$403 million in revenue (+7.1% YoY), S$122 million in gross profit (+10.2% YoY), and an improved gross margin of 30.3%. Eight new store launches since January 2024 are materially lifting top-line growth, while management’s clear articulation of plans to open up to 10 new stores in FY2025 has further fueled bullish sentiment. These operational wins are reinforced by the announcement of a S$0.032 per share dividend, reconfirming dividend consistency and a shareholder-friendly capital allocation policy.
Favorable Macroeconomic or Sector Backdrop
Although Singapore’s macro outlook projects GDP growth between 0% and 2.0% amid global headwinds, the grocery retail sector remains exceptionally robust. Core inflation is forecasted to ease, sustaining household purchasing power. Importantly, the mass-market shift toward value-driven consumption—exacerbated by economic uncertainty and government support measures (like the CDC coupons)—plays directly to Sheng Siong’s strengths as the country’s value-for-money supermarket leader. Meanwhile, rationalization among competitors and continued high demand for essential goods further mitigate sectoral risks and create a supportive backdrop for continued outperformance.
Technical Analysis
Indicators: RSI, MACD, and Moving Averages
Sheng Siong’s technical setup is compelling. The current RSI (14-day) stands at 84.59, placing the stock in overbought territory and reflecting strong underlying demand. While the MACD (0.05) has edged towards a slightly bearish signal, this must be interpreted in the context of a sharp and sustained upside move—a sign of rapid accumulation rather than undue froth.
The price’s comfortable position above all major moving averages further solidifies its bullish short- to medium-term structure:
- 20-day MA: S$1.69 (stock trades >10% above MA)
- 50-day MA: S$1.64
- 100-day MA: S$1.62
- 200-day MA: S$1.57
This technical architecture often portends favorable risk-reward for medium-term investors, as collective moving average support converges beneath current price levels.
Strong Support, Bullish Reversal, and Momentum
The stock broke above previous resistance at S$1.70—which now serves as a significant support—triggering a bullish flag formation. Support at S$1.68 and a secondary floor at S$1.57 imply robust buying interest should short-term profit taking occur. Ichimoku and other momentum indicators confirm that Sheng Siong continues to move within a clearly defined uptrend, while volume analysis corroborates the transition from resistance to support at each step higher. In summary, the technical picture suggests the stock may be entering a new bullish phase, offering limited downside and attractive upside exposure.
Fundamental Analysis
Revenue Growth, Profitability, Strategic Expansion
At its core, Sheng Siong’s story is built on disciplined growth and operational excellence. The company reported S$1.43 billion in revenue in FY2024 (+4.5% YoY) and S$137.52 million in net profit (+2.6%). Q1 FY2025 results reinforced this positive trajectory, with a 7.1% YoY revenue advance and continued gross margin improvement. Store network expansion remains a leading driver—eight new outlets since January 2024, with clear line of sight to up to 10 more in FY2025 (the company’s highest expansion since 2018).
Strategically, Sheng Siong excels at:
- Placing outlets in densely populated residential areas, maximising natural footfall
- Prioritising higher-margin house brand SKUs (over 1,600 products under 23 brands)
- Maintaining exemplary cost discipline to combat higher labor and rental inflation
Such strengths point to an enduring ability to translate sales into profits through both scale and process innovation.
Valuation: Justified and Attractive Ratios
Although Sheng Siong trades at a P/E of 20.01x (a modest premium to sector averages), this multiple is justified by:
- Consistent double-digit gross profit growth
- Resilient net profit expansion (projected rise to S$160.7 million by 2027)
- Secure and growing dividend stream (3.44% yield, 70% payout ratio)
Other valuation ratios—P/S at 1.92 and P/B at 4.88—reflect a market confident in future earnings sustainability. Analyst consensus target price is S$1.90, an 8% upside from current levels, reinforcing the view that fundamental momentum is likely to translate into further capital gains over the coming quarters.
Structural Strengths: Innovation, Brand, and Market Share
- Innovative Product Mix: Nearly 25% of sales now derive from higher-margin house brand products, a strategic defense against price wars and margin erosion.
- Market Share: Sheng Siong remains one of Singapore’s “Big 3”—alongside NTUC FairPrice and Dairy Farm’s Giant—with competitive advantages in value, location, and scale.
- Financial Strength: The group is uniquely positioned with S$366.9 million in cash and zero debt, affording both flexibility for future expansion and resilience against macro dislocations.
Volume and Liquidity
Sustained Trading Volume = Market Confidence
Sheng Siong’s average daily trading volume of 2.47 million shares signals unwavering market interest and deep liquidity. Recent weeks have seen above-average volumes accompanying strong price advances, a classic technical hallmark of institutional accumulation. This sustained market participation increases the reliability of technical breakouts and reduces the risk of price manipulation.
Float Favourable to Dynamic Valuation
With a public float that is neither so tight as to strain valuation nor so loose as to dampen momentum, Sheng Siong’s trading structure fosters a dynamic but stable price environment. This favourable float structure also supports sharper price responses to positive corporate developments or sector tailwinds.
Catalysts and Positive Outlook
Growth Drivers and Innovation
Looking ahead, Sheng Siong’s outlook remains decisively upward:
- Planned Store Expansion: Up to 10 new stores slated for 2025, targeting both public and private residential catchments, will further outpace competitors in network reach.
- Digital Upside: Expansion and optimisation of SSOnline positions the company to capture rising online grocery demand, a trend expected to accelerate across Singapore’s digitally savvy consumers.
- ESG and Technology: Ongoing investments in automation (including AI-enhanced inventory management) build cost resilience and increase both operational efficiency and profitability. The group is also making progress on sustainability, a factor increasingly weighted in institutional ownership decisions.
Favourable Broader Context
Supportive government measures (e.g., CDC vouchers) and a propensity for value-driven spending within Singaporean households provide additional, externally generated demand, even as macro pressures persist globally. At the sectoral level, the ongoing rationalisation of less productive competitive store networks offers further market share capture opportunities.
Analyst Projections
- Revenue growth of 6.14% in 2025 and 3.75% by 2027
- EPS CAGR of ~5% through 2027
- Dividend growth from S$0.064 per share in FY2024 to S$0.075 by 2027
Such projections, taken together, support the notion that Sheng Siong’s fundamentals justify renewed investor attention.
Investment Strategies
Arguments for Short-, Medium-, and Long-Term Entry
- Short-Term: The technical setup—bullish flag pattern, momentum over all key MAs, and strong support/resistance flipping—suggests any near-term consolidation could provide a timely entry ahead of the next wave upward, especially if macro data or business updates arrive ahead of expectations.
- Medium-Term: Ongoing store roll-outs and operational leverage are poised to drive accelerating revenue and profit growth, with upward earnings revisions or dividend increases serving as potential medium-term catalysts.
- Long-Term: The combination of a defensive, cash-rich business model, a proven track record of management execution, a strong brand in value retailing, and manageable dividend growth may offer compounding value for long-horizon investors—especially in the context of Singapore’s evolving demographics and durable appetite for value-oriented retail.
Ideal Positioning at Technical and Strategic Inflection
At current prices just below resistance (S$1.90) and above all major support levels, Sheng Siong appears to offer an ideal entry for investors seeking to position ahead of sustained earnings momentum and potential positive surprises tied to further expansion or digital gains. The balance of short-term technical conviction and long-term fundamental resilience is rarely so well-aligned.
Is it the Right Time to Buy Sheng Siong?
Bringing together all dimensions of this analysis, the investment case for Sheng Siong stands out with clarity and conviction:
- Key Strengths:
- Bullish Catalysts on the Horizon:
With a technical structure displaying clear momentum, a well-funded and expansionary operating model, and fundamentals that justify renewed investor interest, Sheng Siong seems exceptionally well-positioned at this juncture. Investors seeking exposure to Singapore’s resilient retail sector may find that Sheng Siong—supported by both its quantitative and qualitative strengths—represents an excellent opportunity to participate in the company’s next growth phase. Ultimately, the convergence of technical indicators, dividend strength, and an ambitious yet controlled growth strategy places Sheng Siong on a path where renewed bullish interest appears thoroughly warranted.
In summary: Sheng Siong is entering a new bullish phase where growth, income visibility, and defensive strengths converge—making now a compelling moment for investors to seriously consider adding this stalwart of Singapore’s consumer sector to their watch lists and portfolios.
How to buy Sheng Siong stock in Singapore?
Buying Sheng Siong stock online is straightforward and secure for investors in Singapore, provided you go through a regulated broker. You can invest in Sheng Siong shares with just a few clicks, enjoying transparent protection standards put in place by the Monetary Authority of Singapore (MAS). There are two main ways to invest: you can buy the shares outright for long-term ownership (spot buying), or trade price movements using CFDs (contracts for difference) if you prefer shorter-term strategies. Each method has its advantages—read on for details, and see our broker comparison further down the page.
Spot buying
When you buy Sheng Siong shares using the “cash” or “spot” method, you become a shareholder of the company. This means you own the actual shares, qualify for dividends, and can hold your investment as long as you wish. Typically, brokers in Singapore charge a fixed commission per order, usually ranging from S$5 to S$25, depending on the platform and account type.
Example
If Sheng Siong’s share price is S$1.86, you could buy approximately 536 shares with a S$1,000 stake, factoring in a typical brokerage fee of around S$5.
✔️ Gain scenario:
If the share price rises by 10%, your shares would be worth S$1,100.
Result: +S$100 gross gain—a +10% return on your investment (before any taxes or further fees).
Trading via CFD
CFD trading enables you to speculate on the price movement of Sheng Siong shares without owning them directly. Instead, you enter into a contract with your broker to pay (or receive) the difference between the opening and closing price. Fees typically include the spread (the difference between buy and sell prices), as well as overnight financing charges if you hold positions for more than a day.
Example
Suppose you open a CFD position on Sheng Siong shares with a S$1,000 stake and 5x leverage. This gives you an exposure of S$5,000 to Sheng Siong’s price movement.
✔️ Gain scenario:
If Sheng Siong’s price rises by 8%, your position gains 8% × 5 = 40%.
Result: +S$400 gain on your S$1,000 margin (excluding fees).
Final advice
Before investing in Sheng Siong, take time to compare brokers’ fees, minimum investment amounts, platform features, and regulatory status. Your best choice will depend on your objectives: spot buying suits long-term investors seeking dividends, while CFD trading appeals to those seeking active, leveraged positions. Explore our up-to-date broker comparison further down the page to find the right fit for your investment strategy.
Check out the best brokers in Singapore!Compare brokersOur 7 tips for buying Sheng Siong stock
| 📊 Step | 📝 Specific tip for Sheng Siong |
|---|---|
| Analyze the market | Examine Singapore’s grocery retail sector’s trends and Sheng Siong’s steady expansion plans, focusing on store openings and rising demand for value-based supermarkets. |
| Choose the right trading platform | Opt for a MAS-regulated online broker offering access to SGX stocks, competitive fees, and a user-friendly interface, ensuring efficient trading of Sheng Siong shares in Singapore Dollars. |
| Define your investment budget | Decide how much to invest based on your financial goals, noting Sheng Siong’s lower volatility, strong balance sheet, and stable dividends for balanced portfolio allocation. |
| Choose a strategy (short or long term) | Consider a long-term approach to benefit from Sheng Siong’s consistent revenue, dividend growth, and expansion, but remain flexible for shorter-term trades if technical indicators turn bearish. |
| Monitor news and financial results | Stay updated on Sheng Siong’s quarterly results, store opening announcements, and economic data—these factors can influence price movements and future growth prospects significantly. |
| Use risk management tools | Set stop-loss levels near support areas (e.g., S$1.68) and rebalance your holdings as needed, especially if the stock’s indicators signal overbought conditions or the retail sector trends shift. |
| Sell at the right time | Review price action around key resistance (e.g., S$1.90) and consider reducing exposure if the stock appears overvalued or if near-term risks, such as rising costs or sector competition, intensify. |
The latest news about Sheng Siong
Sheng Siong maintains strong momentum with robust financial results and ongoing store expansion in Singapore. The company reported a 7.1% year-on-year revenue growth to S$403 million and a 6.1% rise in net profit for Q1 2025, bolstered by the successful opening of eight new stores since January. With plans to open up to 10 new stores this year—the highest annual addition since 2018—Sheng Siong is demonstrably reinforcing its footprint in the local mass-market grocery sector, targeting both HDB neighborhoods and private mall locations. This expansionary trajectory remains central to the group’s near-term value creation, while same-store sales remain stable and margins improve due to an enhanced sales mix and house brand contributions.
Share price advances on sustained uptrend, signaling strong market confidence and technical outperformance. The stock reached S$1.86 after gaining 4.5% in the last week and posting a 21.85% rise over 12 months, consistently outperforming key moving averages. Technical indicators are bullish, with prices closing above all major averages and a clear breakout above previous resistance levels. Despite an overbought RSI of 84.6, market sentiment continues on a positive trajectory, underpinned by institutional consensus and supportive analyst target prices projecting a further 8% upside. This performance reflects strong investor confidence in Sheng Siong’s defensive business model and growth prospects amid macroeconomic uncertainties.
Dividend stability and growth reinforce Sheng Siong’s appeal to income-oriented Singapore investors. A recently declared dividend of S$0.032 per share, due for payment on May 16, 2025, upholds the company’s commitment to shareholder returns, maintaining an attractive yield of 3.44% and a sustainable 70% payout ratio. The dividend remains tax-exempt for Singapore investors, enhancing its net attractiveness. The consistency and gradual increase in dividend payments—backed by strong cash reserves and stable earnings—position Sheng Siong as a resilient income generator, appealing especially in the prevailing low-interest rate environment in Singapore.
Operational resilience and strategic advantages buffer against sector headwinds and local challenges. Singular focus on value-for-money offerings, a deep house brand portfolio, strategic store locations, and rigorous cost controls preserve Sheng Siong’s margins amidst higher business costs, tight local labor conditions, and macroeconomic softness. Recent investments in automation and supply chain diversification further mitigate risks from supply disruptions and wage inflation. The absence of debt and solid cash holdings provide the company with exceptional financial flexibility, supporting both capital investments and ongoing operational stability.
Singapore’s evolving consumer trends and government support present continued opportunities for market share gains. Amid cautious economic growth forecasts and persistent cost-of-living concerns, Singaporeans are increasingly drawn to affordable, value-driven supermarkets such as Sheng Siong. The extension of government support schemes—including CDC vouchers—directly benefits consumer spending on essentials, supporting Sheng Siong’s customer base. Furthermore, as competitors rationalize store networks, Sheng Siong stands to further consolidate its leadership position by expanding into underserved neighborhoods, capturing incremental market share and fortifying its dominance in Singapore’s grocery retail landscape.
FAQ
What is the latest dividend for Sheng Siong stock?
The latest dividend for Sheng Siong stock is S$0.032 per share, scheduled for payment on May 16, 2025. Sheng Siong maintains a semi-annual dividend schedule and a consistent payout ratio around 70% of earnings. The current dividend yield is 3.44%, reflecting both stable earnings and the company’s commitment to rewarding shareholders amid steady profit growth.
What is the forecast for Sheng Siong stock in 2025, 2026, and 2027?
Based on the current share price of S$1.86, projected values are S$2.42 at the end of 2025, S$2.79 at the end of 2026, and S$3.72 at the end of 2027. Sheng Siong’s ongoing store expansion and robust fundamentals support these positive prospects, while analyst sentiment remains optimistic with a strong buy consensus and clear growth trajectory in earnings and dividends.
Should I sell my Sheng Siong shares?
Holding onto Sheng Siong shares can be a sound approach, given the company’s resilient business model, history of steady revenue and dividend growth, and solid balance sheet with significant cash reserves. The current valuation reflects strong fundamentals and confidence in future performance. With a clear expansion strategy and strong market position, Sheng Siong offers attractive mid- to long-term growth potential within Singapore’s defensive grocery retail sector.
Are dividends from Sheng Siong stock taxable for Singapore investors?
In Singapore, dividends paid by Sheng Siong are generally not taxable for investors, as they are issued under the one-tier corporate tax system. This means shareholders receive dividends free of further tax, with no withholding tax applied. This tax efficiency makes Sheng Siong’s regular dividends especially appealing for Singapore-based investors seeking income.
What is the latest dividend for Sheng Siong stock?
The latest dividend for Sheng Siong stock is S$0.032 per share, scheduled for payment on May 16, 2025. Sheng Siong maintains a semi-annual dividend schedule and a consistent payout ratio around 70% of earnings. The current dividend yield is 3.44%, reflecting both stable earnings and the company’s commitment to rewarding shareholders amid steady profit growth.
What is the forecast for Sheng Siong stock in 2025, 2026, and 2027?
Based on the current share price of S$1.86, projected values are S$2.42 at the end of 2025, S$2.79 at the end of 2026, and S$3.72 at the end of 2027. Sheng Siong’s ongoing store expansion and robust fundamentals support these positive prospects, while analyst sentiment remains optimistic with a strong buy consensus and clear growth trajectory in earnings and dividends.
Should I sell my Sheng Siong shares?
Holding onto Sheng Siong shares can be a sound approach, given the company’s resilient business model, history of steady revenue and dividend growth, and solid balance sheet with significant cash reserves. The current valuation reflects strong fundamentals and confidence in future performance. With a clear expansion strategy and strong market position, Sheng Siong offers attractive mid- to long-term growth potential within Singapore’s defensive grocery retail sector.
Are dividends from Sheng Siong stock taxable for Singapore investors?
In Singapore, dividends paid by Sheng Siong are generally not taxable for investors, as they are issued under the one-tier corporate tax system. This means shareholders receive dividends free of further tax, with no withholding tax applied. This tax efficiency makes Sheng Siong’s regular dividends especially appealing for Singapore-based investors seeking income.
