As the Straits Times Index (STI) turned in a “respectable performance” in the 1Q2021, PhillipCapital’s head of research Paul Chew writes that he remains positive on equity markets, in an April 1 report. This comes on the back of a pick-up in global economic momentum, as well as signs of reflat...

As distancing measures are set to ease on April 5, DBS Group Research analyst Alfie Yeo expects stocks exposed to domestic consumption to benefit. To this end, Yeo has kept “buy” on ComfortDelGro (CDG), Koufu, Sheng Siong Group and Dairy Farm International. “We are positive on CDG for increase...

Supermarket operator Sheng Siong recently posted a set of rather outstanding FY2020 results. Earnings for the final year ended December 2020 increased by 83.1% y-o-y to $138.7 million, with revenue coming in at $1.4 billion, 40.6% higher y-o-y. Looking at the group’s 4QFY2020 results, results were...

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

SINGAPORE: Supermarket chain Sheng Siong said on Wednesday (Feb 24) that its full-year net profit jumped 83.7 per cent as customers stocked up and had meals at home during the COVID-19 pandemic.  Net profit for the year ended December 2020 rose to S$139.1 million from S$75.8 million the previous ...

SUPERMARKET operator Sheng Siong on Wednesday posted a net profit of S$32.1 million for the fourth quarter ended Dec 31, up 84.9 per cent from S$17.4 million a year ago.

Thanks to consumers panic buying groceries, lockdown measures and work-from-home measures, supermarket operator Sheng Siong saw a significant growth in its latest FY2020 results.  For its final year ended December, earnings came in at $138.7 million, 83.1% higher than $75.7 million a year ago.&...

Singapore’s fiscally prudent budget targeting just a few sectors of the country’s pandemic-hit economy for support will do little to significantly boost the country’s lagging stock market — although some sectors like aviation and green energy are set to benefit, say analysts. The benchmark S...

Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largesse. Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, F...