Sheng Siong Group 1Q26 - UOB Kay Hian 2026-05-04: Scaling The Heartlands; Growth On Track

• Sheng Siong (SGX:OV8)’s 1Q26 revenue of S$452.8m (+12.4% y-o-y) and earnings of S$43.4m (+12.6% y-o-y) are largely in line with expectations, forming 27%/28% of our full-year forecasts respectively.
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Resilient same-store sales growth and market share gains.

• Revenue growth was largely propelled by the 12 new store openings in 2025. Notably, same-store sales (SSS) rose 3.5% y-o-y, demonstrating sustained demand.
• Sheng Siong continues to outperform national retail sales benchmarks, which saw volatile fluctuations of -9.7% y-o-y in Jan and +29.3% y-o-y in Feb 26, reinforcing its strong positioning.

Strong balance sheet acts as buffer.

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Steady store expansion and pipeline visibility.

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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2026-03-03 Sheng Siong - Growing Footprint & 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