RHB Group Research is reiterating its “buy” recommendation on supermarket operator Sheng Siong with an unchanged target price of $1.87. Sheng Siong is also its preferred pick for retail staple food stocks. Although Singapore’s Covid-19 situation has stabilised, analyst Juliana Cai continues to...

What a year 2020 was, with the coronavirus upending industries, supply chains and the livelihoods of many. On Dec 31, 2020, the last trading day of the year, the benchmark Straits Times Index (STI) slid 25.41 points or 0.89% to 2,843.81 points at the closing bell.  Year-on-year (y-o-y) this is ...

RHB Research Securities has upgraded the consumer sector to "overweight" from its previous "neutral" stance.  This is as “consumer companies with exposure to the re-opening of domestic activities, such as those in retail and food & beverage services, should see some earnings rec...

As Singapore’s economy show signs of a strong turnaround in 3Q2020, economists from CGS-CIMB Research and DBS Group Research say the republic is on track to recovery and to meet its full-year GDP forecasts. The buoyant outlook comes as Singapore’s Ministry of Trade and Industry (MTI) revealed on...

Analysts are positive on supermarket operator Sheng Siong, as grocery demand has shown to be resilient despite the relaxing of social distancing measures, as many are still working from home. This is evident in Sheng Siong’s latest 3QFY2020 business update, which saw earnings surge some 54.4% y-o-...

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THE following companies saw new developments that may affect trading of their securities on Friday:

Sheng Siong Group has posted earnings of $31.8 million for the 3QFY2020 ended September, some 54.4% higher than earnings of $20.6 million recorded in the corresponding quarter a year ago. This translates to higher earnings per share (EPS) of 2.11 cents for 3QFY2020, compared to 1.37 cents in 3QFY201...

SUPERMARKET operator Sheng Siong posted a net profit of S$31.8 million for its third quarter ended Sept 30, up 54.4 per cent from a year earlier on the back of strong revenue growth. However, this was partially offset by a less than proportional increase in operating expenses.

“We believe the worst is over for Singapore F&B Foodservice barring an unforeseen return to Phase 1 of the Circuit Breaker. With the gradual opening of the economy, we see F&B Foodservice improving as more activities resume,” says lead DBS Group Research analyst Alfie Yeo in an Oct 23 re...