- We forecast Sheng Siong’s revenue and earnings to expand by a CAGR of 6% and 7% for FY25-28, underpinned by resilient macro conditions (see report: Sheng Siong Group: On The Right Side Of Singapore’s Growth Story), ongoing store additions, and potential market share gains as smaller competitors remain in retreat.
- - Read this at SGinvestors.io -
Above-trend store additions could potentially sustain.
- We believe Sheng Siong is well positioned to secure a larger share of the nine HDB tenders currently pending or open for bidding (four awaiting results, three ongoing, two expected in 2H26), as competitors such as Cold Storage, Giant and Ang Mo appear in relative retreat.
- - Read this at SGinvestors.io -
- Same-store sales are likely to remain stable. Helped by scale-linked gross margin expansion and slower staff cost growth, we expect Sheng Siong's FY26 earnings to rise 8% y-o-y.
Defensive and aligned with Singapore’s growth.
- 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/.
Hussaini Saifee Maybank Research | https://www.maybanktrade.com.sg/ 2026-03-02
Read also Maybank's most recent report:
2026-05-04 Sheng Siong - Resilient Growth For A Defensive Name.
Price targets by 5 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
