Submitted By:  Arianna Danganan Case Study:  No The contribution of same-store-sales to earnings is expected to hit only 0.5% in 2019-2020. Sheng Siong’s earn...

SINGAPORE: Food manufacturers Gardenia, Nestle and Sunshine Bakeries will ensure that products they make and sell in Singapore will be free of partially hydrogenated oils (PHOs) by June next year. Such items will include bread and instant noodles. Supermarkets NTUC FairPrice, Sheng Siong and Prime ...

CONSUMER sentiment may have softened but local grocery chain Sheng Siong Group appears to be chugging along as it expands both at home and abroad.

SINGAPORE (April 30): Brokers are split on their opinions of Sheng Siong Group (SSG) post the release of the supermarket operator’s 1Q19 results, which saw earnings growth of 5.9% to $19.4 million for the quarter ended March due to higher revenue. While DBS Vickers Securities maintains “buy” ...

Submitted By:  Arianna Danganan Case Study:  No Growth was boosted by its 10 new stores. Supermarket chain Sheng Siong Group started 2019 on a high note after its p...

SHENG Siong Group on Friday posted a 5.9 per cent rise in net profit to S$19.4 million for its first quarter ended March 31, as revenue increased 10.1 per cent to S$251.4 million.

SHENG Siong Group on Friday posted a 5.9 per cent rise in net profit to S$19.4 million for its first quarter ended March 31, as revenue increased 10.1 per cent to S$251.4 million.

SINGAPORE (Apr 26): Sheng Siong Group saw its earnings grow 5.9% to $19.4 million for the 1Q19 ended March, from $18.3 million a year ago, on the back of higher revenue. 1Q19 revenue climbed 10.1% to $251.4 million, from $228.3 million a year ago. The increase was mainly due to the opening of 10 ne...

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...