RHB Group Research analyst Jarick Seet believes that Sheng Siong will be a beneficiary of the current rising inflation. Consumers may release some pent-up demand for dining out, but after the reality of inflation sets in, life will return to “normal”. Seet believes that the stock is well-positioned as a “value-for-money” supermarket chain, which will be its selling point to be a key beneficiary of this normalisation.
Sheng Siong Group
Price target:
RHB Group Research “buy” $1.78
Inflation to give Sheng Siong a boost
