Sheng Siong Group - Phillip Securities 2025-03-03: Rising Market Share

• Sheng Siong (SGX:OV8)’s attractive financial metrics include an ROE of 27%, a dividend yield of 4.1%, and net cash of S$353mil.
• FY24 results were below expectations. Revenue/adj.PATMI were 98%/97%, respectively, of our FY24e forecast. Staff costs jumped 14% y-o-y to S$56.6mil in 4Q24. The progressive wage model is causing wage levels across roles in the store to continue climbing.
• - Read this at SGinvestors.io -

The Positive

New stores fuelled growth.

• - Read this at SGinvestors.io -

The Negative

Rising staff costs.

• Read more at SGinvestors.io.

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

Previous report by Phillip:
2024-11-01 Sheng Siong - More Stores & Margin Expansion.

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