Sheng Siong Group (SSG)

SINGAPORE (Nov 1): Sheng Siong recently announced that its 3Q18 earnings have dropped by 9.4% to $17.8 million, compared to $19.7 million in 3Q17.

SINGAPORE (Oct 30): Sheng Siong Group reported a 9.4% drop in earnings to $17.8 million for the 3Q18 ended September, from $19.7 million a year ago.

SINGAPORE (Oct 23): CGS-CIMB Research is maintaining “overweight” on the consumer staples sector after a recent visit to Habitat, honestbee’s tech-enabled grocery and dining destination in Pasir Panjang.

SINGAPORE (Sept 14): CGS-CIMB Research is keeping its “overweight” rating on the consumer sector, amid optimism that a better-than-expected GDP growth rate in 2018 could spur retail consumption.

SINGAPORE (July 31): DBS Group Research is maintaining its “buy” call on Sheng Siong Group (SSG) with a higher target price of $1.26, implying 25 times FY19F earnings.

SINGAPORE (May 31): CGS-CIMB Securities is upgrading Singapore’s consumer staples sector to “overweight”, from “neutral” previously, on the back of expectations of improving retail sales.

SINGAPORE (May 21): RHB Research says low-cost supermarket chain Sheng Siong Group is its top pick among the consumer retail staples, amid recovering consumer sentiment on the back of improving job prospects and economic growth in Singapore.

SINGAPORE (May 2): UOB and Phillip Capital are downgrading their calls on Sheng Siong Group from their previous “buy” calls to “hold” and “accumulate”, respectively, with target prices of $1.09 and $1.13 after the group’s recent stock price

SINGAPORE (Apr 3): Maybank Kim Eng is resuming coverage of Sheng Siong Group at “buy” with a price target of $1.20, or 25 times FY18 earnings and 7 times EV/EBITDA.

SINGAPORE (Feb 20): UOB KayHian remains positive on property stocks and REITs saying the raising of BSD (Buyers Stamp Duty) rate is more of revenue collection than a property cooling measure.