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Sheng Siong Group
Billion Dollar Club 2024
Bumitama Agri makes leap from Centurion to BDC; Sheng Siong named for weighted ROE
Bumitama Agri has improved from just one Centurion award last year to this year’s sector winner in its BDC category
16 days ago
Broker's Calls
Brokers’ Digest: Manulife US REIT, Pacific Radiance, Zixin Group, CLAS, Sheng Siong Group
Here's what the analysts have to say this week.
October 03, 2024
Broker's Calls
Analysts keep ‘buy’ on Sheng Siong as growth accelerates
Analysts are putting Sheng Siong in their cart, as growth plans accelerate.
October 01, 2024
M&A
Sheng Siong enters into agreement to acquire Jelita Property for $50.2 mil
Jelita Property owns eight strata units at 2 First Street, also known as Siglap V; and the leasehold interest of 78 years from Oct 1, 1992 of a unit at 181 Toa Payoh Lorong 4.
September 27, 2024
Results
Longer sales period pre-Lunar New Year boosts Sheng Siong’s 1HFY2024 revenue, net profit up 6.8% y-o-y to $70 mil
Following the resilient financial performance, Sheng Siong plans an interim dividend of 3.2 cents per share.
July 29, 2024
Broker's Calls
DBS picks FCT and DFI as its retail picks ahead of JB-Singapore RTS opening at end 2026
After the opening, analysts estimate an incremental annual retail leakage to JB of $1.5-$2.1 bil in the medium term.
July 11, 2024
Broker's Calls
OCBC’s strategist says S’pore stocks provide ‘decent’ total returns; four select stocks offer more than 40% upside
Among OCBC Investment Research’s table of 14 “selective stock investment ideas”, two are not STI constituents.
June 26, 2024
Results
Sheng Siong earnings up 8.9% y-o-y to $36.3 mil for 1QFY2024
Higher 1QFY2024 revenue was supported an increase in same store sales and a longer sales period before the Chinese New Year.
April 25, 2024
Environmental, Social and Governance
DBS to offer sustainable financing at 'preferential rates' to SMEs in Sheng Siong's supply chain
The two Mainboard-listed firms are jointly introducing a sustainability programme for SMEs in Sheng Siong’s supply chain..
February 26, 2024
Broker's Calls
Citi downgrades Sheng Siong to ‘sell’ with new stores unlikely to translate to meaningful revenue growth
The analysts have lowered their target price to $1.43 from $1.92 previously.
February 26, 2024