SINGAPORE (May 21): RHB Research says low-cost supermarket chain Sheng Siong Group is its top pick among the consumer retail staples, amid recovering consumer sentiment on the back of improving job prospects and economic growth in Singapore. “We have slight preference for Sheng Siong on its strong...

SHENG Siong Group said on Friday evening that investment fund manager Mondrian Investment Partners has acquired a 6.58 per cent stake in the supermarket operator for approximately S$100 million through a married deal.

SINGAPORE (May 2): UOB and Phillip Capital are downgrading their calls on Sheng Siong Group from their previous “buy” calls to “hold” and “accumulate”, respectively, with target prices of $1.09 and $1.13 after the group’s recent stock price run-up  of around 10% over the last two mont...

SINGAPORE (Apr 30): RHB, OCBC and DBS are maintaining their “buy” calls on Sheng Siong Group with target prices of $1.18, $1.06 and $1.21, respectively, after the supermarket operator posted a set of 1Q18 results which came in line with all three research houses’ expectations. See: Sheng Siong...

TIGHT competition and a smaller retail area did not stop Sheng Siong Group's till from going "ka-ching!", according to unaudited results on Friday.

SUPERMARKET operator Sheng Siong Group chalked up higher profits in the first quarter on the back of an increase in turnover and improved margins.

Sheng Siong Group | Buy

SINGAPORE (Apr 11): RHB is upgrading its call on Sheng Siong Group to “buy” from “neutral” with a higher target price of $1.11 from 98 cents previously, which results from a 2-3% increase in FY18-20 estimates and target P/E from 19 to 21 times. In a Wednesday report, analyst Juliana Cai says...

Submitted By:  Danielle Isaac Case Study:  No It could lose around US$6m if it doesn’t succeed. Sheng Siong opened its first overseas store in Kunming, Yunnan...

Submitted By:  Danielle Isaac Case Study:  No Within five years, Sheng Siong took up 18.9% whilst FairPrice ate up 56% of the market. This chart from Maybank Kim En...

THE entry of e-commerce players hasn't been quite the market distruptor for the Sheng Siong Group as expected, it seems.

Sheng Siong Group

SINGAPORE (Apr 3): Maybank Kim Eng is resuming coverage of Sheng Siong Group at “buy” with a price target of $1.20, or 25 times FY18 earnings and 7 times EV/EBITDA. At Sheng Siong's Apr 2 opening price of 93 cents, the counter trades at 19 times FY18E EPS or one standard deviation below its five...

MAYBANK Kim Eng in highlighting market-share wins and a potential surge in new stores this year, resumed coverage on Sheng Siong Group with a "buy" call on the stock.

Submitted By:  Danielle Isaac Case Study:  No RHB Research believes 3.6% of the industry growth came from the newer estates. Most of the new store openings by NTUC ...

SINGAPORE (Mar 27): Dairy Farm International is turning to its new CEO Ian McLeod to save the day. With more than 30 years of experience in the retail sector under his belt, McLeod is best known for breathing life back into Australia’s ailing supermarket giant Coles. Last year, DFI saw its full-ye...