sbs transit (SGX:S61) is ahead on May 11, ComfortDelGro Corporation (SGX:C52) arrives on May 13, and Sheng Siong Group (SGX:OV8) ends the week of May 15. Headline numbers look encouraging across the board. Look beneath the surface, however, and the three companies tell surprisingly different stories about whether those dividends can keep coming at this pace.
free cash flow That’s the engine that powers the dividend – and this is where divergence appears.
Sheng Siong: Biological evolution while doing the heavy lifting
Of the three, Sheng Siong has the cleanest dividend story. The supermarket operator’s first quarter 2026 (1Q2026) results showed revenue rose 12.4% year-on-year to S$452.8 million, with comparable same-store sales in Singapore rising 3.5%. The 12 new stores opened in 2025 are now contributing meaningfully, and gross margin improved to 31.0% from 30.3% a year ago due to improved sales mix….
