Supermarket

Analysts mixed on Sheng Siong as its hey days are likely over - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on Sheng Siong as its hey days are likely over

The sale is over for Sheng Siong.
Sheng Siong remains as RHB's preferred staple pick - THE EDGE SINGAPORE

Broker's Calls

Sheng Siong remains as RHB's preferred staple pick

'Buy' Sheng Siong as consumers' grocery buying sentiment remains strong

Results

Dairy Farm posts 35% drop in 1H earnings to US$115 mil on pandemic-related restrictions

Dairy Farm's 1H earnings dropped 35% to US$115 million as its convenience stores and health and beauty businesses suffered from Covid-19 restrictions.

Broker's Calls

Sheng Siong remains RHB's 'top pick' on elevated demand and stellar earnings in 1Q20

RHB Group Research says Sheng Siong’s 1Q2020 results “significantly exceeded” its expectations.

Results

Sheng Siong posts 48.2% increase in 1Q earnings to $28.7 mil on elevated consumer demand

Sheng Siong sees 48.2% increase in 1Q earnings as 'panic buying' continues

Broker's Calls

Supermarkets are in; retail is out

Supermarkets carry all the must-have for this season

Covid-19

Crowds back at supermarts; food supplies continue

When the lockdown order was first announced in the evening of March 16, many Singaporeans again thronged supermarkets that very evening and the following day.

Broker's Calls

Intensifying competition, economic slowdown may drag on Sheng Siong's growth: Maybank KE

SINGAPORE (Mar 19): Maybank Kim Eng is starting coverage on Sheng Siong Group (SSG) at “sell” with a  target price of 95 cents, which implies 19.5 times FY19F P/E – 1 S.D. below the stocks’ five-year mean.

Broker's Calls

Analysts remain positive on Sheng Siong despite drop in 3Q earnings

SINGAPORE (Nov 1): Sheng Siong recently announced that its 3Q18 earnings have dropped by 9.4% to $17.8 million, compared to $19.7 million in 3Q17.

Results

Sheng Siong posts 6.3% rise in 2Q earnings to $17.2 mil on higher sales

SINGAPORE (July 30): Sheng Siong reported 2Q18 earnings increased 6.3% to $17.2 million from $16.1 million in 2Q17.
×