Sheng Siong Group (SSG)

RHB Group Research says Sheng Siong’s 1Q2020 results “significantly exceeded” its expectations.

Supermarkets are in and restaurants are out

Shares in Sheng Siong Group have rallied more than 30% since a March 19 closing low as supermarkets become the preferred place to shop following the partial lockdown imposed by the government.

In light of the circuit breaker, Lim has identified some “clear cut” names that will remain resilient. These include Sheng Siong Group, Venture Corp and Singtel.

These two stocks are poised to thrive as supermarket sales rise with more customers are either forced to spend time at home, or engage in panic-buying.

Sheng Siong gets a 'buy' call as growth drivers intact

The opening of new stores continues to drive Sheng Siong's revenue growth.

UMS Holdings

SINGAPORE (Oct 30): Sheng Siong Group has posted earnings of $20.5 million for the 3Q19 ended September, some 15.9% higher than earnings of $17.7 million recorded in the corresponding quarter a year ago.

SINGAPORE (Oct 16): Maybank Kim Eng Research is reiterating its “sell” call on mass-market supermarket operator Sheng Siong Group (SSG) with an unchanged target price of 96 cents, on the back of “tepid” supermarket sales.