2011 Exporter Guide Singapore
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16. Redmart Singapore
REDMART SINGAPORE DELIVERING FRESHNESS AND CONVENIENCE WITH ONLINE GROCERY SHOPPING S/N 88-16-016 RedMart Singapore – Delivering Freshness and Convenience with Online Grocery Shopping Launched in 2011, Redmart Singapore is an online grocery retailer that provides a selection of more than 4,000 groceries and home essentials to Singapore households. Roger Egan, founder and Chief Executive Officer has aspirations for RedMart to be like e-commerce giants, Amazon and eBay one day. The company sees itself as a logistics and technology company and its mission is to be the “eBay for consumer packaged goods manufacturers” (Lee, 2014). What started out as a business targeting at the expatriate crowd has changed over time. By 2015, three-quarters of its customers were locals, working professionals, mainly women between 25 and 44 years old, and were likely to be millennials and Gen-X Singaporeans who shopped both online and offline (Nielsen, 2015). Fast forward to 2016, RedMart has more than 20,000 items on its online shopping site. It has launched the RedMart Relay service that provides personal shopping services for consumers who want hot meals, household items or electronic goods delivered to their homes within one hour of ordering. Although RedMart appears to have enjoyed rapid growth in a short span of time, it is still a young start-up company facing direct competition from bigger supermarkets and other online competitors. Despite its aggressive marketing efforts and investment in technology, RedMart’s chief executive, Roger Egan notes that many Singaporeans still prefers grocery shopping at supermarkets and wet markets over shopping online. -
Sheng Siong Group (SSG SP) SELL Share Price SGD 0.96 Look Elsewhere for Cheaper 12M Price Target SGD 0.85 (-11%) Growth Plays Previous Price Target SGD 0.88
February 27, 2017 Sheng Siong Group (SSG SP) SELL Share Price SGD 0.96 Look elsewhere for cheaper 12m Price Target SGD 0.85 (-11%) growth plays Previous Price Target SGD 0.88 Company Description Maintain SELL; cut TP a further 3% to SGD0.85 Mass-market supermarket operator. Third largest in Maintain SELL post-FY16 results. We find it hard to justify 23x P/E for Singapore by market share. single digit growth, and growth will keep slowing amidst greater traction by online grocers. In our view, Sheng Siong’s operating model is also unsustainable as it depends too much on margin improvement to drive ROE, while asset-use efficiency has deteriorated. With margins close to Statistics peaking and store expansion challenges, growth will remain slow unless 52w high/low (SGD) 1.10/0.84 it is willing to gear up to acquire growth either locally or overseas. But 3m avg turnover (USDm) 2.0 that will certainly change its risk profile. We lower FY17-FY18 EPS Free float (%) 34.9 estimates 3-4% and our DCF-TP 3% to SGD0.85 (WACC 7.1%, LTG 1%). Issued shares (m) 1,504 Market capitalisation SGD1.4B Consumer Staples 4Q/FY16 in line, but uninspiring USD1.0B NP growth over the last five quarters has slowed from >20% YoY a year ago to single digit growth by 3Q16 and just 5.7% in 4Q16. Same store Major shareholders: Sheng Siong Holdings Pte Ltd. 29.9% sales growth (SSSG) ended the year on a weak note. 4Q16 SSSG was flat LIM HOCK ENG 11.3% at +0.2% YoY, mirroring the full year’s 0.2%. -
Doing Business in Singapore
Published on 09/04/2020 DOING BUSINESS IN SINGAPORE Brought to you by: KNAV Services LLP, Singapore specialises in assurance (external and internal), taxation, international transfer pricing, valuation and business advisory services. Allinial Global is an association of legally independent accounting and consulting firms who share education, marketing resources, and technical knowledge in a wide range of industries. We're independent accounting firms coming together to support the success of independent client companies. We'll go wherever we need in the world to secure the highest quality solutions to our clients' business needs. Allinial Global member firms have the flexibility to find not just a good solution to your business challenges, but the best solution for you - whether it's locally or internationally. Doing Business in Singapore Introduction CAPITAL: SINGAPORE POPULATION Total Population: 5,638,676 Natural Increase: 0.5% Density: 7,953 Inhabitants/km² Urban Population: 100.0% Population of main cities: Singapore is a city state (5,469,700) Ethnic Origins: About 74% of Chinese origin, 13% of Malay origin, 10% of Indian origin and 3% of other origins. (Statistics Singapore) Official Language: English, Mandarin Chinese, Malay, Tamil. Other Languages Spoken: Hakka, Cantonese, Teochew, other Chinese dialects. Business Language(s): English is the most commonly spoken language. It unites the different ethnic groups and business community. Religion: Buddhism, Islam, Taoism, Hinduism, Christianity and other religious communities, including Jews, Sikhs, Jains, etc. National Currency: Singapore Dollar (SGD) COUNTRY OVERVIEW Area: 719 km² Type of State: Singapore is officially a Republic based on parliamentary democracy. Type of Economy: High-income economy. -
1 Participating Merchants Address/Website Postal Code
PARTICIPATING ADDRESS/WEBSITE POSTAL MERCHANTS CODE 430 UPPER CHANGI ROAD #01-47/48/49 EAST VILLAGE 487048 16 ENG GOR STREET #01-05/08 79717 12 KALLANG AVENUE APERIA #01/51 339511 442, ORCHARD ROAD B1-01-11 238879 896 DUNEARM ROAD #02-01 SIME DARBY CENTRAL 589472 1 SENGKANG SQUARE #B1-25 COMPASS ONE 545078 176 ORCHARD ROAD #B1-09/10 CENTRE POINT 238843 21 TAMPINES NORTH DRIVE 2 #03-01 528765 5 STRAITS VIEW #B2-15/16, MARINA ONE, THE HEART 18935 41 SUNSET WAY #01-01A CLEMENTI ARCADE 597071 1 FUSIONOPOLIS WAY #B2-03 CONNEXIS 138632 101 THOMSON ROAD #B1-52 307591 NO 238 THOMSON ROAD #01-28/29 307683 293 HOLLAND ROAD #01-01 JELITA SHOPPING CENTRE 278628 211 HOLLAND AVENUE #01-02,04,05 HOLLAND 278967 SHOPPING CTR 154 WEST COAST ROAD B1-19, WEST COAST PLAZA 127371 501 BUKIT TIMAH ROAD CLUNY COURT #01-02 259760 80 MARINE PARADE ROAD #B1-84 PARKWAY PARADE 449269 5 STADIUM WALK #B1-01/05 LEISURE PARK 397693 10 TAMPINES CENTRAL 1 TAMPINES 1 #B1-01/02 529536 464-486 JALAN ASAS UPPER BUKIT TIMAH ROAD 678077 NO 1 WOODLANDS SQUARE #B1-31/32/33 CAUSEWAY COLD STORAGE 738099 POINT 1 MARITIME SQUARE #01-48 TO 50 99253 20 GREENWOOD AVE 289215 930 YISHUN AVENUE 2 #B1-11 TO 16 NORTHPOINT 769098 SHOPPING CENTRE 383 BUKIT TIMAH RD #01-09A ALOCASSIA APARTMENT 259727 23 SERANGOON CENTRAL #B2-44/45 NEX 556083 1 SELETAR ROAD #01-11 GREENWICH V 807011 1 COVE AVENUE SENTOSA ARRIVAL PLAZA #02-07/10 98537 101 CLEMENTI ROAD #01-01 KENT VALE ESTATE 179787 1 VISTA EXCHANGE GREEN #B1-02 & 35/36 THE STAR 138617 VISTA 2 FIRST STREET #01-05/06/12/13/14/15/16 SIGLAP V 458278 -
Overseas Packaging Study Tour VAMP.006 1996
Overseas packaging study tour VAMP.006 1996 Prepared by: B. Lee ISBN: 1 74036 973 4 Published: June 1996 © 1998 This publication is published by Meat & Livestock Australia Limited ABN 39 081 678 364 (MLA). Where possible, care is taken to ensure the accuracy of information in the publication. Reproduction in whole or in part of this publication is prohibited without the prior written consent of MLA. MEAT & LIVESTOCK AUSTRALIA CONTENTS 1.0 EXECUTIVE SUMMARY ............................................ 1 2.0 BACKGROUND .................................................... 4 3.0 THE INTERNATIONAL STUDY TOUR .............. .................. 6 3.1 Objectives of the International Study Tour ................................. 6 3.2 Study Tour Itinerary and Dates .......................................... 6 3.3 The Study Team ...................................................... 6 4.0 SUMMARY OF SITE VISITS ......................................... 7 4.1 Taiwan ............................................................. 7 4.2 Hong Kong .......................................................... 8 4.3 France .............................................................. 9 4.4 Holland ............................................................ l 0 4.5 United Kingdom ..................................................... 13 4.6 Canada ............................................................ 15 4.7 Summary Comments of Site Visits by Study Group ......................... 17 5.0 KEY FINDINGS FROM THE STUDY TOUR ....... .................... 18 5.1 -
In Singapore
FROZEN VEGETABLES MARKET IN SINGAPORE SINGAPORE FROZEN VEGETABLES SECTOR REPORT 1. OVERVIEW OF THE FROZEN VEGETABLES MARKET IN SINGAPORE Singapore is ASEAN’s most affluent nation, with a GDP per capita of S$65,048 in 20121. On a per capita basis, Singapore has the highest food consumption levels in the Southeast Asia region. The per capita consumption for vegetables in Singapore is 95 kg2. Due to its land scarcity with no natural resources, Singapore is one of Asia’s largest importers of agricultural products, processed foods, and drinks. A wide range of food products from all over the world can be found in the retail supermarkets to cater to the 5.31 million people 3in Singapore. Singapore’s strategic location within the Asia Pacific region enhances its position as a regional food showcase and headquarters for international food and agricultural companies. Other than importing food for local consumption, it is estimated that approximately 75% of the food imports are re-exported to neighbouring countries such as Malaysia, Indonesia and Thailand. Singapore is a fast expanding market for imported frozen vegetables. The United States is the leading supplier of frozen vegetables to the Singapore market. Trade statistics showed that Singapore imported a total of SGD16.2 million 4of frozen vegetables with the United States dominating the majority of total supply to Singapore followed by China, New Zealand and Belgium. The United States is the leading supplier of frozen potatoes, peas, sweet corn, broccoli, and others to the retail and food service sector. Although China is the second largest supplier of frozen vegetables to Singapore, trade sources indicate that New Zealand and United Kingdom brands are more commonly found in major local retailers. -
2015-16 Outlook for the Retail and Consumer Products Sector in Asia
www.pwc.com 2015-16 Outlook for the Retail and Consumer Products Sector in Asia Foreword One doesn’t have to live in Shanghai or particularly active users of mobile products. Not a bad place to start for Mumbai to understand that the most technology and social media, and the global retailers looking for new paths dynamic markets – and many of today’s use of these technologies for to growth. most creative retailers – reside in Asia. purchasing, while still nascent, is Just this past November the Western bound to increase as screen size and I invite you to read this report to learn press was filled with stories touting security issues are resolved. In fact, more about the retail opportunities in China’s 2014 Singles Day sales of China will soon overtake the US as the Asia. Finally, I would like to express my US$9.3 billion, which beat out the world’s biggest retail market, and most great appreciation to Mr Chitranjan Dar combined US’s Black Friday and Cyber of the rest of the region will see retail of ITC Limited, Mr Weiming Cao of Monday shopping days by more than spending growth far in excess of the Hermès, Ms Lixia Tan of Haier, and Mr two times. global average over the next five Masaaki Kanai of Ryohin Keikaku, for years.3 their time and sharing their business The genius of Singles Day is that it’s the insights and visions. I am sure you will perfect microcosm for the scope and Then there is the urbanisation factor. -
Annex a Open Clusters
Annex A Open Clusters Epidemiological investigations and contact tracing have uncovered links between cases. i. 100 of the confirmed cases (Cases 62873, 62940, 62941, 62942, 62945, 62971, 62972, 62998, 63005, 63015, 63026, 63047, 63055, 63059, 63060, 63061, 63070, 63071, 63072, 63074, 63084, 63091, 63094, 63095, 63096, 63097, 63098, 63100, 63109, 63115, 63117, 63118, 63119, 63120, 63122, 63125, 63126, 63128, 63129, 63132, 63135, 63136, 63138, 63139, 63140, 63141, 63146, 63148, 63149, 63150, 63165, 63167, 63169, 63177, 63178, 63179, 63180, 63181, 63191, 63192, 63194, 63195, 63219, 63221, 63235, 63238, 63239, 63240, 63242, 63243, 63252, 63255, 63256, 63257, 63269, 63270, 63291, 63305, 63316, 63324, 63343, 63344, 63346, 63347, 63351, 63382, 63387, 63389, 63416, 63423, 63431, 63444, 63445, 63447, 63452, 63458, 63459, 63464, 63473 and 63474) are linked to the Changi Airport Terminal 3 cluster, with the most recent cases (Case 63459, 63464, 63473 and 63474) linked to the cluster on 19 May. Case 62873 is an 88 year-old male Singaporean who is employed by Ramky Cleantech Services Pte Ltd as a cleaner deployed at Changi Airport Terminal 3. He was confirmed to have COVID-19 infection on 5 May. ii. 8 of the confirmed cases (Cases 63271, 63278, 63412, 63425, 63442, 63461, 63468 and 63477) are linked to the Jin Tai Tong Food Industries cluster, with the most recent cases (Cases 63461, 63468 and 63477) linked to the cluster on 19 May. Case 63271 is a 55 year-old male Singaporean who works as a warehouse assistant at Jin Tai Mart. He was confirmed to have COVID-19 infection on 15 May. -
Sheng Siong Group (SSG SP) SELL Share Price SGD 1.09 Prefer Purchase at Promo Price 12M Price Target SGD 0.95 (-13%)
1.09 March 18, 2019 Sheng Siong Group (SSG SP) SELL Share Price SGD 1.09 Prefer purchase at promo price 12m Price Target SGD 0.95 (-13%) Company Description Not immune to market headwinds; initiate with SELL Mass-market supermarket operator. Second largest in We initiate coverage of SSG with a SELL and DCF-based TP of SGD0.95 Singapore by market share. (7.8% WACC, 1% LTG). Our TP implies 19.5x FY19 P/E, less than 1SD below its 5-year mean. We believe Singapore’s second-largest supermarket chain will not be immune to a slowdown in consumer spending amid economic deceleration anticipated by MKE Economics Statistics team in 2019, on top of rising e-commerce competition and changing 52w high/low (SGD) 1.18/0.93 dining habits. We pencil in more-conservative-than-Street estimates on 3m avg turnover (USDm) 0.9 new-store sales and same-stores-sales (SSS) contributions for FY19-20E. Free float (%) 41.0 Risks to our view include higher-than-expected new store and SSS Issued shares (m) 1,504 contributions due to improved consumer sentiment and reduced Market capitalisation SGD1.6B Consumer Staples competition. USD1.2B Major shareholders: New-store growth a one-off spurt; limited visibility Sheng Siong Holdings Pte Ltd. 29.8% Lim Hock Chee 9.1% For a mature grocery retail sector like Singapore’s, new stores are Lim Hock Eng 9.1% expected to form supermarkets’ biggest revenue growth driver. Although Price Performance we expect an 8.4% YoY revenue growth boost in FY19E from SSG’s higher- than-normal 10 new stores in 2018, we believe tepid SSS contributions 1.20 145 and smaller basket values will be drags on subsequent revenue growth. -
Annex a Summary of Local COVID-19 Situation
Annex A Summary of Local COVID-19 Situation Figure 1: Number of Community Unlinked and Linked Cases18 Figure 2: Number of Active Cases in Intensive Care Unit or Requiring Oxygen Supplementation 18 Incorporates re-classifications of earlier reported cases. 7 Annex B Open Clusters Epidemiological investigations and contact tracing have uncovered links between cases. i. 13 of the confirmed cases (Cases 63286, 63292, 63392, 63455, 63456, 63517, 63601, 63609, 63757, 63862, 63863, 63864 and 63999) are linked to the 506 Hougang Avenue 8 cluster with the most recent case (Case 63999) linked to the cluster on 1 June. Case 63286 is a 57 year-old female Malaysia national who is currently unemployed. She was confirmed to have COVID-19 infection on 15 May. ii. 3 of the confirmed cases (Cases 63973, 63975 and 63978) are linked to the Case 63973 cluster with the most recent cases (Cases 63975 and 63978) linked to the cluster on 2 June. Case 63973 is an 80 year-old female Singaporean who is a retiree. She was confirmed to have COVID-19 infection on 1 June. iii. 4 of the confirmed cases (Cases 63964, 63981, 64010 and 64011) are linked to the Case 63964 cluster with the most recent cases (Cases 63981, 64010 and 64011) linked to the cluster on 2 June. Case 63964 is a 61 year-old female Singaporean who works at Singapore Pools at NTUC FairPrice (Clementi Avenue 3). She was confirmed to have COVID-19 infection on 1 June. iv. 27 of the confirmed cases (Cases 63924, 63949, 63950, 63961, 63962, 63974, 63976, 63977, 63979, 63980, 63982, 63983, 63984, 63985, 63986, 63987, 63988, 63989, 63990, 63991, 63992, 63993, 63994, 63995, 63996, 63997 and 64001) are linked to the MINDSville@Napiri cluster with the most recent cases (Cases 63974, 63976, 63977, 63979, 63980, 63982, 63983, 63984, 63985, 63986, 63987, 63988, 63989, 63990, 63991, 63992, 63993, 63994, 63995, 63996, 63997 and 64001) linked to the cluster on 2 June. -
Final Report Export Market Scoping Study for The
Final Report Export market scoping study for the Lychee industry Judy Noller Trade and Investment Queensland Project Number: LY13003 LY13003 This project has been funded by Horticulture Innovation Australia Limited using the lychee industry levy and funds from the Australian Government. Horticulture Innovation Australia Limited (HIA Ltd) makes no representations and expressly disclaims all warranties (to the extent permitted by law) about the accuracy, completeness, or currency of information in Export market scoping study for the Lychee industry. Reliance on any information provided by HIA Ltd is entirely at your own risk. HIA Ltd is not responsible for, and will not be liable for, any loss, damage, claim, expense, cost (including legal costs) or other liability arising in any way (including from HIA Ltd or any other person’s negligence or otherwise) from your use or non-use of Export market scoping study for the Lychee industry, or from reliance on information contained in the material or that HIA Ltd provides to you by any other means. ISBN 0 7341 3558 0 Published and distributed by: Horticulture Innovation Australia Limited Level 8, 1 Chifley Square Sydney NSW 2000 Tel: (02) 8295 2300 Fax: (02) 8295 2399 © Copyright 2015 Acknowledgements I wish to acknowledge the project team from Trade & Investment Queensland for assistance with research and analysis and the production and editing of this report, assistance with media articles, and developing of promotional material for the market visit; the lychee producers, marketers and exporters who contributed to the market research and selection; and Horticulture Innovation Australia for assisting with a lychee promotion in Malaysia. -
Supermarket-Pqm-Tender-Final-Results
TENDER FOR SUPERMARKET UNDER PRICE QUALITY METHOD FINAL RESULTS CLOSING DATE: 27 NOVEMBER 2020 AT 11.00 AM BLK 115A ALKAFF CRESCENT #01-12 SUCCESSFUL TENDERER: ANG MO SUPERMARKET PTE LTD TENDERED RENT (PER MONTH): $49,666.00 OVERALL SCORE OF PARTICIPATING TENDERERS: S/NO NAME OVERALL SCORE REMARKS 1 ANG MO SUPERMARKET PTE LTD 87.00 SUCCESSFUL 2 SHENG SIONG SUPERMARKET PTE LTD 82.72 UNSUCCESSFUL 3 U STARS PTE LTD 75.00 UNSUCCESSFUL 4 ACE MART PTE LTD NIL DISQUALIFIED BLK 610 TAMPINES NORTH DRIVE #01-11 SUCCESSFUL TENDERER: PRIME SUPERMARKET (1996) PTE LTD TENDERED RENT (PER MONTH): $37,982.00 OVERALL SCORE OF PARTICIPATING TENDERERS: S/NO NAME OVERALL SCORE REMARKS 1 PRIME SUPERMARKET (1996) PTE LTD 90.92 SUCCESSFUL 2 SHENG SIONG SUPERMARKET PTE LTD 86.72 UNSUCCESSFUL 3 NTUC FAIRPRICE CO-OPERATIVE LIMITED 78.07 UNSUCCESSFUL 4 U STARS PTE LTD 75.00 UNSUCCESSFUL 5 HAO MART PTE LTD 59.43 UNSUCCESSFUL 6 ACE MART PTE LTD 53.89 UNSUCCESSFUL TENDER FOR SUPERMARKET UNDER PRICE QUALITY METHOD FINAL RESULTS CLOSING DATE: 30 JANUARY 2020 AT 11.00 AM BLK 106 BIDADARI PARK DRIVE #01-06 SUCCESSFUL TENDERER: PRIME SUPERMARKET (1996) PTE LTD TENDERED RENT (PER MONTH): $38,423.00 OVERALL SCORE OF PARTICIPATING TENDERERS: S/NO NAME OVERALL SCORE REMARKS 1 PRIME SUPERMARKET (1996) PTE LTD 81.95 SUCCESSFUL 2 HAO MART PTE LTD 50.00 UNSUCCESSFUL BLK 29A GHIM MOH LINK #01-01 SUCCESSFUL TENDERER: NTUC FAIRPRICE CO-OPERATIVE LIMITED TENDERED RENT (PER MONTH): $30,839.12 OVERALL SCORE OF PARTICIPATING TENDERERS: S/NO NAME OVERALL SCORE REMARKS 1 NTUC FAIRPRICE