Sheng Siong Group (SSG)

'Sell' Sheng Siong on problematic GFA quality, consumer downtrading trend, limited margins: Citi - THE EDGE SINGAPORE

Broker's Calls

'Sell' Sheng Siong on problematic GFA quality, consumer downtrading trend, limited margins: Citi

Citi thinks its time to take Sheng Siong out of the cart.

Results

Sheng Siong posts 0.3% increase in FY2023 earnings to $133.7 mil

Sheng Siong sees marginal growth for FY2023; proposes 3.2 cents final dividend.
Citi downgrades Sheng Siong to ‘sell’ with new stores unlikely to translate to meaningful revenue growth - THE EDGE SINGAPORE

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.
Sheng Siong, Jumbo, Kimly, CDL, UOL, Sembcorp and Keppel expected to benefit from Budget 2024, says CGS International - THE EDGE SINGAPORE

Budget 2024

Sheng Siong, Jumbo, Kimly, CDL, UOL, Sembcorp and Keppel expected to benefit from Budget 2024, says CGS International

The measures proposed at the Singapore Budget 2024 was fairly expected, say analysts Lock Mun Yee and Lim Siew Khee.

Broker's Calls

RHB names Sheng Siong and DFI as top picks in ‘overweight’ retail sector

The analyst sees stronger consumption on the cards with an accelerated GDP growth in 2024.

Broker's Calls

Sheng Siong Group seen as defensive play amid rising inflation and slower economic growth: OCBC

OCBC has kept "buy" on Sheng Siong with a lower target price of $1.92.
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