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Company in the news
Sheng Siong signs new lease agreement in China
Sheng Siong to open new outlet in Kunming, China.
September 22, 2023
Broker's Calls
RHB keeps 'overweight' on grocery retailers; picks Sheng Siong over DFI
RHB expects food spending to strengthen in the supermarket format next year, benefitting both DFI and Sheng Siong.
September 19, 2023
Multi-industry
FairPrice maintains role as co-op, solidifies supply chain focus and invests in Trust Bank
FairPrice Group to remain as co-op, focusing on food resilience, invests in Trust Bank
August 22, 2023
Broker's Calls
DBS downgrades Sheng Siong to 'hold' with lower TP of $1.76 despite record quarterly gross margin
The DBS analysts believe they have been too overly optimistic on their earlier FY2023/FY2024 assumptions.
July 31, 2023
Broker's Calls
Palatable valuations keep Sheng Siong at 'buy': RHB
Shares in Sheng Siong have be declining but RHB thinks it's time to 'buy'.
June 16, 2023
Broker's Calls
Better days ahead for Sheng Siong but some near-term drag from GST discounts
Sheng Siong may see some near-term drag but it's long-term potential remains. CGS-CIMB recommends to accumulate.
April 24, 2023
Broker's Calls
RHB is keeping Sheng Siong in its cart
RHB likes Sheng Siong for defensive qualities, strong balance sheet, attractive dividends, store expansion, etc.
April 13, 2023
Broker's Calls
Sheng Siong remains in analysts' carts despite lack of earnings growth in FY2022
Sheng Siong remains a defensive play in analysts' books amid the high inflation environment.
March 03, 2023
Results
Sheng Siong posts $133.3 mil in earnings for FY2022, slight 0.4% increase
Sheng Siong's FY2022 showed little growth amid the normalisation from the pandemic and current inflationary pressures.
February 27, 2023
Company in the news
Sheng Siong to open fifth store in China
Sheng Siong is expanding its footprint in China with a new outlet.
January 05, 2023