Sheng Siong Group

Palm oil giants and Sheng Siong Group share the wins - THE EDGE SINGAPORE

Billion Dollar Club 2023

Palm oil giants and Sheng Siong Group share the wins

With an eye on sustainability, Golden Agri-Resources has achieved 98% traceability to the plantation in its palm supply chain
PhillipCapital, CGS-CIMB and DBS trim respective target prices for Sheng Siong - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital, CGS-CIMB and DBS trim respective target prices for Sheng Siong

RHB's Yeo expects the stock to be supported by its yield of around 5%

Results

Sheng Siong reports higher net profit of $34.8 mil for the 3QFY2023, up 5.7% y-o-y

Revenue for Sheng Siong for 3QFY2023 increased 3.7% y-o-y to $345.8 mil, with notable sales contributions from its 6 new stores.
GST hike to 9% going ahead, bigger Assurance Package likely - THE EDGE SINGAPORE

Singapore news

GST hike to 9% going ahead, bigger Assurance Package likely

'Many Singaporeans know how to compare prices. They can go to NTUC FairPrice today, Sheng Siong tomorrow and Giant the day after'

Broker's Calls

RHB expects DFI's recovery to be 'gradual' and not 'firm', keeps 'neutral' call

There's a risk of Singapore shoppers downtrading
Why Sheng Siong is good for long-term investors - THE EDGE SINGAPORE

Investing strategies

Why Sheng Siong is good for long-term investors

Sheng Siong has delivered a cumulative return of 650% since it was listed 12 years ago.
RHB keeps 'buy' call on Sheng Siong but DBS downgrades to 'hold' - THE EDGE SINGAPORE

Broker's Calls

RHB keeps 'buy' call on Sheng Siong but DBS downgrades to 'hold'

Despite the downgrade, the DBS analysts reaffirm their view that Sheng Siong is a "well-run quality business"

Broker's Calls

Banks to drive market rebound through April, as March Fed meeting outcome looms large for local stocks: DBS

DBS analysts are watching US economic data and Fedspeak that could signal one of two possible outcomes at the March Fed meeting.
Sheng Siong and ThaiBev deemed as RHB's 12 'diamonds' across the region - THE EDGE SINGAPORE

Broker's Calls

Sheng Siong and ThaiBev deemed as RHB's 12 'diamonds' across the region

According to RHB, these 12 'diamonds' each have an ROE of 15% or more
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