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Sheng Siong Group
Deals, joint ventures & alliances
Sheng Siong acquiring leased Jalan Besar property from TA Corp for $17.3 mil
Sheng Siong says the proposed acquisition is in its “best interests”.
July 30, 2021
Results
Sheng Siong Group sees 11.9% dip in 1H2021 earnings to $65.9 million; declares interim dividend of 3.1 cents
The group's net asset value per share stood at 26 cents on June 30, compared to 25 cents on Dec 31 2020.
July 29, 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
Company in the news
Sheng Siong Group to open third store in China
The new store is expected to be operational before the end of 3Q2021.
June 09, 2021
Broker's Calls
Buy supermarkets and F&B counters like Sheng Siong and Koufu, says DBS
DBS has given Sheng Siong, Dairy Farm and Koufu "buy" calls, and "fully valued" for Jumbo.
May 18, 2021
Mondrian continues to trim Sheng Siong stake; Kim Heng CEO Tan raises stake
Asset manager Mondrian no longer substantial shareholder of Sheng Siong; CEO Thomas Tan of Kim Heng raises stake in O&M group.
May 14, 2021
Broker's Calls
Broker's Digest: SIA, Sheng Siong, Sunpower, AusGroup, Jiutian Chemical Group
See the analysts' recommendations and target prices here.
April 16, 2021
Billion Dollar Club 2020
Regular sector winner Sheng Siong tops again; Wilmar tops PAT category
Sheng Siong Group, a regular big winner at every year’s Billion Dollar Club, features prominently again.
December 11, 2020
Fintech
Razer’s fintech arm to partner Perx in path to building world’s first youth bank
The partnership is the next step forward in Razer Fintech’s plan to build the world’s first youth bank.
September 24, 2020
Singapore economy
Singapore economy to see worst contraction since independence if Covid-19 drags on: MAS
Ggiven uncertainty over how the health and economic crisis will pan out, Chan Chun Sing, Minister for Trade and Industry, says it is “very likely” for the republic’s economic growth to see a steeper fall.
April 30, 2020