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Sheng Siong Group (SSG)
Broker's Calls
RHB expects Sheng Siong's earnings for FY2022 to be 9.7% lower amid easing Covid-19 restrictions
RHB analyst Jarick Seet's target price of $1.51 represents 0% upside to its currently-traded share price.
April 11, 2022
Results
Sheng Siong Group reports 4.8% higher earnings of $66.9 mil in 2HFY2021; declares final dividend of 3.1 cents per share
Total dividend for the FY2021 came to 6.2 cents per share, or a dividend payout ratio of 70%.
February 23, 2022
Broker's Calls
PhillipCapital upgrades Sheng Siong to 'buy' while other analysts lower TPs
Most of the analysts estimate that the group will see normalised earnings in the FY2022 as regular economic activities resume.
November 02, 2021
Company in the news
Sheng Siong announces fourth outlet in China
This will bring the group’s store count to 63 in Singapore and four in China.
July 21, 2021
Broker's Calls
RHB upgrades Sheng Siong to 'buy' on spiked demand from tightened restrictions
RHB analyst Jarick Seet has also upped Sheng Siong’s PATMI for the FY2021 by 14.5%.
May 17, 2021
Results
Sheng Siong Group posts 7.5% higher earnings of $30.8 mil in 1Q21 on higher revenue, gross profit
The group says it is expecting to record lower revenue in the 2QFY2021 compared to the 2QFY2020’s record revenue of $418.7 million
April 26, 2021
Broker's Calls
DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures
Valuations for grocery retailers are also expected to remain attractive.
March 26, 2021
Mondrian trims stake in Sheng Siong while Lum Chang MD raises stake
Sheng Siong's second-largest shareholder Mondrian Investment Partner trims stake; Lum Chang MD David Lum Kok Seng raises stake
November 13, 2020
Broker's Calls
The worst is over for the F&B foodservice players as hungry consumers are out and about
With Phase 3 underway, DBS Group Research is positive on the consumer downstream
October 26, 2020
Broker's Calls
Extraordinary circumstances push Sheng Siong to reach extraordinary results
Panic buying during the circuit breaker caused Sheng Siong to record extraordinary results, but can this momentum last?
August 03, 2020