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Sheng Siong Group (SSG)
Broker's Calls
UMS and Rex’s CEOs most overpaid in 2022 relative to their share price performances: UOB Kay Hian
Companies that got the most value out of their CEOs were YZJ, Singtel and SIA.
June 22, 2023
Broker's Calls
DBS upgrades Sheng Siong to 'buy' on 'attractive industry dynamics and reasonable valuation'
The group is also deemed as a defensive hedge against a potential recession.
June 20, 2023
Broker's Calls
‘Solid inflation and recessionary hedge’ has Citi analysts raising TP for Sheng Siong to $1.92
Sheng Siong boasts a growing net cash balance of $283 million and a "sustainable" dividend yield of 4%.
May 30, 2023
Broker's Calls
Sheng Siong stays resilient amid volatile and high inflation environment: UOBKH
Despite a dip in 1Q results, UOBKH is keeping Sheng Siong a 'buy' on a healthy outlook.
May 11, 2023
Broker's Calls
Brokers' Digest: Wilmar International, Sheng Siong Group, MPACT, Singtel, CLCT
See what the analysts have to say this week.
May 06, 2023
Results
Sheng Siong reports 5.2% lower net profit of $33.4 mil for 1QFY2023
The supermarket group attributed the drop to the normalising of consumers’ behaviours after the lifting of Covid-19 restrictions.
April 28, 2023
Broker's Calls
'Growth opportunities abound' for supermarkets in Singapore: DBS
“We estimate that these upcoming estates can accommodate up to 70 new outlets,” says DBS Group Research analyst Andy Sim.
December 19, 2022
Results
Sheng Siong reports 4.5% y-o-y dip in 3QFY2022 net profit of $32.9 mil
According to the group, the lower revenue was attributable to the relaxed Covid-19 measures.
October 27, 2022
Broker's Calls
Sheng Siong's CFO resignation a 'surprise', no 'potential red flags' at this point: DBS
The DBS team believes that Sheng Siong’s operations are likely to remain relatively stable on the back of surging inflation.
September 21, 2022
Broker's Calls
ThaiBev, Kimly, Food Empire and Sheng Siong likely to be winners in rising inflation climate: RHB
The brokerage has kept its “overweight” call on the Singapore consumer stocks sector.
September 15, 2022