SINGAPORE (Nov 1): Sheng Siong recently announced that its 3Q18 earnings have dropped by 9.4% to $17.8 million, compared to $19.7 million in 3Q17. This was mainly due to the absence of $2.2 million worth of tax refund a year ago. Excluding this, the group’s net profit would have increased by 1.5%...

Submitted By:  Luz Wendy Noble Case Study:  No Its administrative expenses rose amidst additional headcount for its new stores. Sheng Siong profits dropped 9.4% YoY...

THE following companies saw new developments which may affect trading of their shares on Wednesday:

SHENG Siong Group saw its net profit dip 9.4 per cent to S$17.8 million for the third quarter ended Sept 30, mostly due to an increase in administrative expenses and staff costs as more stores were opened.

SINGAPORE (Oct 30): Sheng Siong Group reported a 9.4% drop in earnings to $17.8 million for the 3Q18 ended September, from $19.7 million a year ago. This was mainly due to the absence of a tax refund amounting to $2.2 million a year ago. Excluding this, Sheng Siong’s net profit would have increas...

SHENG Siong Group saw its net profit dip 9.4 per cent to S$17.8 million for the third quarter ended Sept 30, mostly due to an increase in administrative expenses and staff costs as more stores were opened.

SINGAPORE (Oct 23): CGS-CIMB Research is maintaining “overweight” on the consumer staples sector after a recent visit to Habitat, honestbee’s tech-enabled grocery and dining destination in Pasir Panjang. In a Tuesday report, analyst Cezzane See describes the online-to-offline (O2O) retail exp...

SINGAPORE (Oct 8): Dairy Farm will find it difficult to show decent improvement in its food division margins in 2H18 given flattish growth in the supermarket industry, rising rental rates in Hong Kong as well as store closures in Singapore, according to  RHB Research. An unofficial Facebook post su...

2 hours 9 min agoSINGAPORE — The Agri-Food & Veterinary Authority of Singapore (AVA) has issued a

WE initiate coverage on Sheng Siong Group Ltd (SSG) with a "buy" and discounted cash flow-based target price of S$1.24, implying a FY18 forecasted price/earnings ratio of 25.1 times.

SINGAPORE (Sept 14): CGS-CIMB Research is keeping its “overweight” rating on the consumer sector, amid optimism that a better-than-expected GDP growth rate in 2018 could spur retail consumption. The brokerage hosted a Consumer Day on Sept 11, and says investors were largely positive on domestic ...

Submitted By:  Danielle Isaac Case Study:  No But it continues to grow its store count with eight more openings by end-FY2018. Amidst a growing pipeline of store te...

Submitted By:  Danielle Isaac Case Study:  No And 2 adjoining conservation shophouses in Amoy Street are being offered for $50m. From eFinancialCareers: DBS current...

EVEN amid the threat of e-commerce and economic uncertainties, Sheng Siong remains a popular pick among consumer stocks, thanks largely to its growing footprint and strong balance sheet.

Submitted By:  Luz Wendy Noble Case Study:  No They offer various food and offering packages compared to their rivals. Sheng Siong’s ability could capture mos...