As the Covid-19 pandemic tapers down and Singapore moves ahead towards an endemic, consumers have stopped panic buying and are happily going out for their meals. While most analyst can see this as a negative for Sheng Siong, as that would mean less consumers in supermarkets and smaller basket sizes,...

RHB on Tuesday (May 24) upgraded Sheng Siong to “buy” from “neutral” as it expects rising inflation to boost the supermarket operator’s topline as consumer expenditure normalises.

Analysts are mixed on Sheng Siong after the supermarket operator posted a strong set of results for the 1QFY2022 ended March.Some are positive on the group’s prospects, while others are more sceptical about keeping sales up with the most recent reopening measures.Earlier this week, Sheng Siong rep...

THE following companies saw new developments that may affect trading of their securities on Wednesday (Apr 27):

THE following companies saw new developments that may affect trading of their securities on Wednesday (Apr 27):

Supermarket chain Sheng Siong has reported a stronger set of results for its 1QFY2022 despite Singapore’s reopening, higher administrative costs and lower government subsidies.Sheng Siong reported revenue of $358.0 million for the quarter, 6% up y-o-y, while net profit increased 13.9% to $35.2 mil...

SUPERMARKET operator Sheng Siong on Tuesday (Apr 26) posted a 13.9 per cent rise in net profit to S$35.1 million for its first quarter ended Mar 31, 2022, from S$30.8 million a year ago.

SINGAPORE: At least three supermarket chains have lowered their egg prices this week, with one cutting prices by as much as S$1 for a tray of 30 eggs.  NTUC FairPrice on Wednesday (Apr 20) said it would reduce the cost of a tray of 30 Pasar fresh eggs to S$6.95 for one week, until Apr 27. 

SHENG Siong is aiming to open between 3 and 5 new outlets every year over the next 3 to 5 years in Singapore, said the supermarket chain in a bourse filing on Wednesday (Apr 20).

Sheng Siong is aiming to open between 3 and 5 new outlets every year over the next 3 to 5 years in Singapore, said the supermarket chain in a bourse filing on Wednesday (Apr 20).