Sheng Siong

Results

Sheng Siong reports 6.1% rise in 2Q earnings to $16.1 million on 4 new stores

SINGAPORE (July 27): Supermarket chain operator Sheng Siong Group saw its earnings for the second quarter ended June grow 6.1% to $16.1 million from $15.2 million a year ago.

Broker's Calls

Sheng Siong a ‘buy’ on better margins visibility

SINGAPORE (June 21): DBS is maintaining Sheng Siong at ‘buy’ with $1.20 target price on the back of better visibility for higher margins.

Broker's Calls

Out with the old, in with the new for Sheng Siong

SINGAPORE (May 4): OCBC Investment Research is reiterating its “buy” recommendation on Sheng Siong Group (SSG) with a fair value estimate of $1.15, after the supermarket chain operator’s recent set of 1Q17 results came in line with the research hous

Broker's Calls

US missile attack on Syria a profit-taking excuse, says DBS

SINGAPORE (April 10): DBS is hoping that last week’s US missile attack on Syria is a one-off. Whatever the case, the latest spike in geopolitical uncertainty has given investors a “good excuse” to go “risk-off” while safe haven assets rebounded.

Broker's Calls

Meet the potential winners amid Fed rate hikes

SINGAPORE (March 17): Rising interest rates on the back of US Fed rate hikes should favour banks, property developers, and stocks with yield backed by net cash, says DBS Group Research.

Broker's Calls

Why it will be tougher times ahead for Sheng Siong

SINGAPORE (Feb 27): The supermarket business is gonna get tougher for Sheng Siong, says Maybank Kim Eng Research and is telling investors to look elsewhere for cheaper growth plays.

Investing strategies

Here are some stocks DBS says should benefit from Budget 2017

SINGAPORE (Feb 22): DBS is picking growth stocks Genting Singapore, Thai Beverage, UOB, SGX, Sheng Siong, Bumitama Agri and First Resources to benefit from the expansionary Budget 2017 and expects them to offer EPS growth of between 11% to 83%.

Broker's Calls

Is there growth left in Sheng Siong?

SINGAPORE (Feb 7): Sheng Siong’s share price may have underperformed following news about the stiff competition it faced in the Housing Development Board (HDB) commercial rental market and falling same store sales growth, but RHB Research believes it re

Daiwa's strategy for 2017

Should you buy what consumers are buying?

SINGAPORE (Jan 27): Consumer stocks underperformed against the expectations of market watchers in 2016 and Daiwa Capital Markets expects it to continue, as the operating environment continues to be weak.
×