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”.
Sheng Siong Group sees 11.9% dip in 1H2021 earnings to $65.9 million; declares interim dividend of 3.1 cents - THE EDGE SINGAPORE

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.

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.
Sheng Siong Group to open third store in China - THE EDGE SINGAPORE

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.
Buy supermarkets and F&B counters like Sheng Siong and Koufu, says DBS - THE EDGE SINGAPORE

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.
Mondrian continues to trim Sheng Siong stake; Kim Heng CEO Tan raises stake - THE EDGE SINGAPORE

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.
Broker's Digest: SIA, Sheng Siong, Sunpower, AusGroup, Jiutian Chemical Group - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: SIA, Sheng Siong, Sunpower, AusGroup, Jiutian Chemical Group

See the analysts' recommendations and target prices here.

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.
Razer’s fintech arm to partner Perx in path to building world’s first youth bank - THE EDGE SINGAPORE

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.

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.
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