He notes that supermarket sales rose 9.2% y-o-y in Jul– Aug 2025, well ahead of 1HFY2025’s 1.7% growth.
Hussaini Saifee of Maybank Securities has reiterated his "buy" call and $2.30 target price on Sheng Siong Group, given how the supermarket chain operator is seen to be well-positioned amid a favourable macro backdrop.
Besides a growing population - led by a bigger foreign workforce here to support the construction boom, Sheng Siong is enjoying demand too from government vouchers that will help fuel "resilient consumption".
