Sheng Siong Group - OCBC Investment Research 2024-09-30: Robust New Store Supply Pipeline

• Sheng Siong (SGX:OV8) has opened four new stores as of July 2024, above its target of at least three stores per year. Store opening is expected to accelerate from 2H24.

Sheng Siong tendered for three new stores and plans to bid for seven more stores in 2H24

• - Read this at SGinvestors.io -
• Sheng Siong also tendered for three new stores and plans to bid for seven more stores in 2H24. We expect Sheng Siong’s store opening to accelerate from 2H24.
• - Read this at SGinvestors.io -

Gross profit margin (GPM) hit another record high in 2Q24

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-03-05 Sheng Siong Group - Healthy Tender Pipeline.

Price targets by 3 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 Dividend Payout Dates & Corporate Actions,
Sheng Siong News