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Sheng Siong Group (SSG)
Results
Sheng Siong reports 5.2% lower net profit of $33.4 mil for 1QFY2023
The supermarket group attributed the drop to the normalising of consumers’ behaviours after the lifting of Covid-19 restrictions.
April 28, 2023
Broker's Calls
'Growth opportunities abound' for supermarkets in Singapore: DBS
“We estimate that these upcoming estates can accommodate up to 70 new outlets,” says DBS Group Research analyst Andy Sim.
December 19, 2022
Results
Sheng Siong reports 4.5% y-o-y dip in 3QFY2022 net profit of $32.9 mil
According to the group, the lower revenue was attributable to the relaxed Covid-19 measures.
October 27, 2022
Broker's Calls
Sheng Siong's CFO resignation a 'surprise', no 'potential red flags' at this point: DBS
The DBS team believes that Sheng Siong’s operations are likely to remain relatively stable on the back of surging inflation.
September 21, 2022
Broker's Calls
ThaiBev, Kimly, Food Empire and Sheng Siong likely to be winners in rising inflation climate: RHB
The brokerage has kept its “overweight” call on the Singapore consumer stocks sector.
September 15, 2022
Broker's Calls
Broker's Digest: Singapore Airlines, Sheng Siong Group, CDLHT, Jumbo Group, Digital Core REIT
See what the analysts have to say this week.
August 05, 2022
Broker's Calls
Analysts keep 'buy' on Sheng Siong on 'exceptional margins'; CGS-CIMB and Citi upgrade to 'buy'
The target prices from the analysts range from $1.78 to $1.91.
August 01, 2022
Results
Sheng Siong Group sees 2.2% higher earnings of $67.4 mil for 1HFY2022
The group has declared an interim dividend of 3.15 cents per share for the 1HFY2022.
July 28, 2022
Broker's Calls
UOB Kay Hian upgrades Sheng Siong Group to 'buy' on inflation-induced demand
The counter’s target price has also been increased to $1.91 from $1.69 previously.
July 15, 2022
Company in the news
Sheng Siong adds all house brand products on Case app Price Kaki
At the same time, the supermarket group announced that it will increase its senior citizen discount to 4% from 3% on July 5.
July 02, 2022