Sheng Siong Group (SSG)

SINGAPORE (Aug 2): Amazon’s launch in Singapore will have little impact on the grocery retailers under its coverage — at least for now, says brokerage RHB.

SINGAPORE (July 14): OCBC Investment Research continues to rate Sheng Siong Group (SSG) at “buy” with an unchanged fair value estimate of $1.15, pending the supermarket chain operator’s release of its 2Q17 results in the coming weeks.

SINGAPORE (June 13): OCBC Investment is maintaining its “neutral” rating on Singapore’s consumer sector given a lack of broad-based improvement for the retail scene, as well as the continued expansion and growth of e-commerce players.

SINGAPORE (March 8): RHB says Sheng Siong’s expansion plans might be back on track as the irrational bidding from small players for Housing and Development Board (HDB) commercial sites seems to have eased.

SINGAPORE (Feb 23): Supermarket chain Sheng Siong Group posted a 10.3% increase in earnings to $62.7 million for the full year ended Dec 31, from $56.8 million a year ago.

SINGAPORE (Oct 27): DBS Vickers Securities is keeping its “buy” call on Sheng Siong Group with a higher target price of $1.19 from $1.18 previously, following the supermarket chain operator’s announcement yesterday of a 8% rise in 3Q earnings to $15

SINGAPORE (Sept 16): UOB Kay Hian is initiating coverage on Sheng Siong Group (SSG) with a “hold” and target price of $1.13 given that the stock price is reflecting all the positive views at current levels. Long term though, SSG’s will face higher c