Sheng Siong Supermarket

Results

Sheng Siong reports 3QFY2024 earnings of $39.1 mil, up 12.4% y-o-y

Earnings per share stood at 2.6 cents, up from 2.3 cents in 3QFY2023.

Broker's Calls

Analysts mixed on Sheng Siong following release of 1HFY2024 results

Citi and RHB have maintained their “buy” calls, while CGSI and DBS have maintained their “add” and “hold” calls respectively.
Citi upgrades Sheng Siong to ‘buy’ with increased TP of $1.68 following ‘quality’ wins and resilient inflation  - THE EDGE SINGAPORE

Broker's Calls

Citi upgrades Sheng Siong to ‘buy’ with increased TP of $1.68 following ‘quality’ wins and resilient inflation

At its current share price levels, the analyst sees this as a “good time” to accumulate shares in Sheng Siong.

Broker's Calls

RHB maintains ‘overweight’ on retail sector; names Sheng Siong and DFI as top picks

RHB maintains ‘overweight’ on retail sector; names Sheng Siong and DFI as top picks
RHB maintains ‘overweight’ on retail names; keeps top picks, Sheng Siong and DFI - THE EDGE SINGAPORE

Broker's Calls

RHB maintains ‘overweight’ on retail names; keeps top picks, Sheng Siong and DFI

RHB maintains ‘overweight’ on retail names; keeps top picks, Sheng Siong and DFI

Broker's Calls

Analysts mixed on Sheng Siong Group amidst ‘year of normalisation’

Analysts are mixed on Sheng Siong Group in lieu of shifts in consumption patterns to focus on “value for money”

Deals, joint ventures & alliances

Sheng Siong acquiring leased Jalan Besar property from TA Corp for $17.3 mil

Sheng Siong says the proposed acquisition is in its “best interests”.
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