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Sheng Siong Group (SSG)
Investing ideas
Sheng Siong shares climb as 2Q results meet expectations on back of new store openings
SINGAPORE (July 31): Shares in Sheng Siong Group are marching higher following its 2Q results announcement on Monday, which saw the supermarket chain report earnings in line with consensus expectations.
July 31, 2019
Results
Sheng Siong posts 7.4% higher 2Q earnings of $18.4 mil; declares interim dividend of 1.75 cents per share
SINGAPORE (July 29): Supermarket chain Sheng Siong Group has reported earnings of $18.4 million for the 2Q19 ended June, up 7.4% from $17.2 million in 2Q18, on the back of higher revenue. This brings total earnings for 1H19 to $37.8 million, some 6.6% hig
July 29, 2019
Global Economy
US Fed to keep rates steady, UOB sees 2020 cut, No Signboard shares slump on CAD probe
(May 6): The US central bank is keeping rates steady, with Federal Reserve chairman Jerome Powell saying he sees no immediate need to move interest rates either higher or lower, and that the Fed is watching for a rebound in persistently sluggish inflation
May 06, 2019
Broker's Calls
Mixed views on Sheng Siong Group's near-term outlook amid aggressive store expansion
SINGAPORE (April 30): Brokers are split on their opinions of Sheng Siong Group (SSG) post the release of the supermarket operator’s 1Q19 results, which saw earnings growth of 5.9% to $19.4 million for the quarter ended March due to higher revenue.
April 30, 2019
Results
Sheng Siong posts 5.9% rise in 1Q earnings to $19.4 mil on higher sales
SINGAPORE (Apr 26): Sheng Siong Group saw its earnings grow 5.9% to $19.4 million for the 1Q19 ended March, from $18.3 million a year ago, on the back of higher revenue.
April 26, 2019
Broker's Calls
Shrinking shopping carts keep Sheng Siong at 'sell' for Maybank
SINGAPORE (Apr 16): Maybank Kim Eng continues to rate Sheng Siong “sell” with an unchanged target price of 95 cents.
April 16, 2019
Broker's Calls
3 stocks to shop as local consumer sentiment remains benign: RHB
SINGAPORE (Apr 5): RHB Research is maintaining its sector “overweight” on consumer stocks although it cautions of benign consumer sentiment for 2019, with Singaporeans expected to spend more prudently amid an uncertain macroeconomic outlook.
April 05, 2019
Broker's Calls
Sheng Siong kept at 'sell' as competitor ignites potential price war
SINGAPORE (Mar 28): Maybank Kim Eng Research its “sell” call on supermarket chain Sheng Siong Group (SSG) with an unchanged target price of 95 cents, after NTUC FairPrice said last week it would hold the prices of 100 housebrand products for 15 months
March 28, 2019
Broker's Calls
Sheng Siong kept at 'buy' for defensive stance in supermarket space
SINGAPORE (Feb 27): Sheng Siong is a “buy” for most research houses.
February 27, 2019
Broker's Calls
3 top consumer picks revealed as RHB expects sector to outperform ST Index in 2019
SINGAPORE (Jan 4): RHB Research is maintaining its “overweight” rating on the Singapore consumer sector, against the backdrop of a global economic slowdown and uncertainty arising from trade tension between the US and China.
January 04, 2019