Sheng Siong - Phillip Securities 2026-03-03: More Optionality In Store Openings

• Sheng Siong (SGX:OV8)'s FY25 results were within expectations. Revenue/adj. PATMI was 99/98% of our FY25e forecast. 4Q25 PATMI rose 17% y-o-y to S$33.4mil. Earnings growth came from 11% rise in revenue, together with record gross margins.
• - Read this at SGinvestors.io -
• Sheng Siong is potentially expanding more aggressively outside the HDB store into retail malls. There have been better terms offered.

The Positive

Another record in gross margins.

• - Read this at SGinvestors.io -

The Negative

Slower q-o-q same-store sales.

• 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/.

Read also Phillip's most recent report:
2026-05-04 Sheng Siong Group - Taking More Stores & Market Share.

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