Sheng Siong - Maybank Research 2025-11-03: Strong Momentum Sustainable; BUY

• We forecast Sheng Siong (SGX:OV8)'s revenue and earnings to grow at a 2024–27 CAGR of 8% and 9%, underpinned by resilient macro conditions (refer to: Sheng Siong Group: On The Right Side Of Singapore’s Growth Story), ongoing new store additions, and potential market share gains as a key competitor remains in retreat.

Above-trend growth to sustain over medium term.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• Sheng Siong's share price is trading at 20x P/E, in line with peers, and offers a superior growth and margin profile. Reiterate BUY.

3Q25 review: Trending ahead.

• Read more at SGinvestors.io.

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

Previous report by Maybank:
2025-10-10 Sheng Siong Group - On The Right Side Of Singapore’s Growth Story.

Price targets by 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