Sheng Siong’s stores are located in the heartland areas of Singapore, and primarily sell basic necessities and household items. It has managed to gain market share through competitive pricing, made possible by gains from bulk handling, a better sales mix, productivity initiatives and diligent cost control, according to analysts. As the company has gained market share and expanded its operations, it has benefited from economies of scale.

To continue reading,
Sign in to access this Premium article.
Subscription entitlements:

Less than $9 per month

3 Simultaneous logins across all devices

Unlimited access to latest and premium articles

Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories
- The curious incident of the debt in the day-time
- Palm oil giants and Sheng Siong Group share the wins
- PhillipCapital, CGS-CIMB and DBS trim respective target prices for Sheng Siong