Rival DFI International’s $125 million sale to Malaysia’s Macrovalue signals a retreat from Singapore’s supermarket space and, in the analyst’s view, creates a market share opportunity for SSG.
Maybank Research is initiating a “buy” call on Sheng Siong Group (SSG) with a target price of $2.30.
Analyst Hussaini Saifee forecasts the group’s revenues to post a 6% CAGR helped by industry growth of 4% and market share gains amid ongoing competitor restructuring.
