Sheng Siong Group - UOB Kay Hian 2023-05-09: Resilient Amid Volatile & High Inflation Environment

Sheng Siong Group - Resilient Amid Volatile & High Inflation Environment

Sheng Siong (SGX:OV8) | SGinvestors.ioSheng Siong (SGX:OV8)
  • Sheng Siong’s 1Q23 net profit of S$137m (+0.4% y-o-y) was in line with expectations, forming 24% of our full-year estimate. Revenue fell 0.4% y-o-y as demand continued to normalise from the easing of COVID-19-related restrictions. Gross margin improved 0.1ppt to 28.7% on a better sales mix.
  • - Read this at -

Sheng Siong's 1Q23 results in line with expectations.

  • Sheng Siong (SGX:OV8) reported 1Q23 earnings of S$33.4m (-5.2% y-o-y), accounting for 24% of our full-year estimate. Revenue fell slightly by 0.4% y-o-y, due to continued normalised demand.
  • - Read this at -

Stable margins amid continued rising costs; higher finance income.

  •

Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @

John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | 2023-05-09

Read also UOB's most recent report:
2024-03-26 Sheng Siong - Gross Margin Expansion Continues; Brighter Store Opening Outlook Ahead.

Previous report by UOB:
2023-11-02 Sheng Siong Group - 3Q23 Results In Line; Opportunities Arise With Steady Supply Of HDB Projects.

Price targets by 2 other brokers at Sheng Siong Target Prices.

Listing of research reports at Sheng Siong Analyst Reports.

Relevant links:
Sheng Siong Share Price History,
Sheng Siong Announcements,
Sheng Siong Dividends & Corporate Actions,
Sheng Siong News Articles


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁