In FY2026, Yeo expects Sheng Siong to report higher earnings, driven partly by the 12 new stores it opened in FY2025.
Several analysts have raised their target prices for Sheng Siong Group, citing expectations that demand will remain resilient and new store openings will drive earnings.
Along with his “buy” call, Alfie Yeo of RHB Bank Singapore has raised his target price for the supermarket chain to $3.45 from $3.02, reflecting a higher valuation multiple.
