To support the growing network of stores, Sheng Siong is conducting the ground-breaking for its new distribution centre later this month.
Alfie Yeo of RHB Bank Singapore has maintain his "buy" call and also raised his target price for Sheng Siong Group from $3.45 to $3.59 on expectations that earnings is growing from contributions from newly-opened stores.
The supermarket chain operator opened 12 new stores in FY2025, and earnings from these new stores will manifest meaningfully in the current FY2026.
Also, with another seven new stores to be opened this year, at least, that will bode well too for the coming FY2027's earnings.
