Sheng Siong - RHB Research 2025-07-02: More Optimistic On Higher Store Count; Maintain BUY

• We like Sheng Siong for its earnings growth momentum, attractive valuation (near its historical mean forward P/E of ~19x), strong cashflow generation, stable balance sheet, and good dividend payout.
• - Read this at SGinvestors.io -

Sheng Siong's share price has done well year-to-date.

• Sheng Siong's share price has done well this year, gaining 14% year-to-date and outperforming the STI. Since our last update in early May, Sheng Siong's share price has risen by a further ~6%.
• - Read this at SGinvestors.io -
• We believe the Sheng Siong's share price performance may have reflected a more risk-off stance by investors in their strategy to go overweight on defensive plays including SSG.

More positive outlook driven by a higher store count.

• Read more at SGinvestors.io.

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

Read also RHB's most recent report:
2025-07-31 Sheng Siong - More Outlets To Drive Earnings Growth; Maintain BUY.

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