- 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/.
Paul Chew Phillip Securities Research | https://www.poems.com.sg/ 2026-03-03
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
