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The Verge
Broker's Calls
This consumer stock offers 'unexciting growth', but excellent shelter in volatile times
SINGAPORE (June 28): OCBC is maintaining its “buy” call on Sheng Siong Group with an unchanged fair value estimate of $1.12, highlighting it as a defensive business in times of volatility given ongoing trade tensions between US and China as well as Eu
June 28, 2018
Lum Chang wins construction contract worth $85.7 mil
SINGAPORE (Oct 24): Lum Chang Holdings announced that its wholly-owned subsidiary, Lum Chang Building Contractors has won a contract for building works at The Verge, an integrated development located at 2 Serangoon Road worth $85.7 million.
October 24, 2017
Broker's Calls
Why Sheng Siong is likely to remain resilient amid keen competition
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.
July 14, 2017
Sheng Siong’s The Verge outlet fails to extend lease
SINGAPORE (Dec 22): Sheng Siong Group has received written notice that the lease for its supermarket in The Verge will not be renewed after its current lease expires on Apr 30.
December 22, 2016
Broker's Calls
Chew on this defensive stock as competition intensifies in grocery sector
SINGAPORE (Oct 6): OCBC Investment Research continue to rate supermarket operator Sheng Siong Group at “buy” with a higher fair value estimate of $1.15 from $1.07 previously based on potential returns including dividends.
October 06, 2016