In his July 30 note, RHB Bank Singapore analyst Alfie Yeo notes that the group’s 1HFY2024 earnings have come below expectations and has lowered his target price to $1.86 from $1.96 previously.
Analysts have mixed perspectives on Sheng Siong following the release of the company’s 1HFY2024 results ended June.
Citi Research and RHB Bank Singapore have maintained their “buy” calls, while CGS International (CGSI) and DBS Group Research have maintained their “add” and “hold” calls respectively.
