SINGAPORE (Apr 16): Maybank Kim Eng continues to rate Sheng Siong “sell” with an unchanged target price of 95 cents. Singapore’s retail sales in Feb saw a 10.0% drop y-o-y, while the supermarket & hypermarket sub-index was dropped 13.3%. After adjusting for Chinese New Year effects, it is...

SINGAPORE (Apr 5): RHB Research is maintaining its sector “overweight” on consumer stocks although it cautions of benign consumer sentiment for 2019, with Singaporeans expected to spend more prudently amid an uncertain macroeconomic outlook. In the research house’s view, consumer confidence p...

SINGAPORE (April 5): RHB Research is maintaining its sector “overweight” on consumer stocks although it cautions of benign consumer sentiment for 2019, with Singaporeans expected to spend more prudently amid an uncertain macroeconomic outlook. In the research house’s view, consumer confidence...

FOUR years ago, Sheng Siong founder and chief executive Lim Hock Chee collected The Enterprise Award on behalf of the supermarket at the Singapore Business Awards (SBA).

AFTER picking up the Enterprise Award of the Singapore Business Awards (SBA) in 2015, local supermarket chain Sheng Siong's founder and chief executive Lim Hock Chee was back at this year's SBA ceremony on Thursday where he was honoured with the coveted title of Businessman of the ...

Submitted By:  Arianna Danganan Case Study:  No A recent survey looked at which supermarkets offered the best deals, and the results may surprise you. A recent surv...

SINGAPORE (Mar 28): Maybank Kim Eng Research its “sell” call on supermarket chain Sheng Siong Group (SSG) with an unchanged target price of 95 cents, after NTUC FairPrice said last week it would hold the prices of 100 housebrand products for 15 months up to end-June next year. Around half of th...

SINGAPORE (Mar 19): Maybank Kim Eng is starting coverage on Sheng Siong Group (SSG) at “sell” with a  target price of 95 cents, which implies 19.5 times FY19F P/E – 1 S.D. below the stocks’ five-year mean. The research house’s estimates for FY19-20E new-store sales and same-store sales (...

Submitted By:  Danielle Isaac Case Study:  No It opened 10 new stores in 2018, the highest figure since 2012. Even though Sheng Siong Group’s earnings tend to...

SINGAPORE (Mar 19): Maybank Kim Eng is starting coverage on Sheng Siong Group (SSG) at “sell” with a  target price of 95 cents, which implies 19.5 times FY19F P/E – 1 S.D. below the stocks’ five-year mean. The research house’s estimates for FY19-20E new-store sales and same-store sales (...