In-line set of results.
- PATMI decreased 15.1% y-o-y to S$28.5m in 4Q24, bringing full-year PATMI to S$137.5m, in-line with our expectations. Gross profit margin expanded 0.5 percentage point (ppt) y-o-y to 30.5% for FY24, largely due to a shift towards higher margin products.
- - Read this at SGinvestors.io -
Expansion supported by robust tender supply.
- 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/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2025-03-05
Read also OCBC's most recent report:
2026-07-30 Sheng Siong - Gross Profit Margin Reached A New High.
Previous report by OCBC:
2026-05-05 Sheng Siong Group - Strong Quarter, But Limited Upside.
Price targets by 4 other brokers at Sheng Siong Target Prices.
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