The IPO order book of NoonTalk Media, which is in artistes’ management, has been covered for both public and placement tranches, raising gross proceeds of $4.8 million.Of the 4.5 million public tranche shares available, there were valid applications for 5.3 million shares, which makes it 1.2 times...

NoonTalk Media, whose initial public offering was offered at 22 cents each, opened at 22.5 cents at start of trading this morning.The share price went to as high as 24.5 cents at one point.NoonTalk Media, founded in 2011, is headed by executive director and CEO Dasmond Koh. The company specialises i...

The pace and scale of changes in the last two and a half years have been extreme. Even as the worst of the pandemic seems to be over, economies and countries globally continue to face tough challenges. The lingering pandemic, the situation in Ukraine, tightening financial conditio...

BILLION DOLLAR CLUB: FOOD AND BEVERAGES + FOOD AND DRUG RETAILING Leading supermarket operator Sheng Siong Group is a regular winner at the Billion Dollar Club. This year, Sheng Siong took home the overall sector award for this industry category as well as two other wins with 34...

Analysts on a whole are positive on Sheng Siong, considering how the group’s 3QFY2022 ended September results exceeded expectations, with a revenue and patmi at $333.5 million and $32.8 million respectively.PhillipCapital Research analyst Paul Chew has kept a “buy” rating on Sheng Siong with a...

Sheng Siong Group has reported net profit of $32.9 million for the 3QFY2022 ended Sept, 4.5% lower than the net profit of $34.4 million in the corresponding period the year before.Net profit margin (NPM) remained stable at 9.9%.Revenue for the quarter fell by 4.2% y-o-y to $333.5 million compared to...

SUPERMARKET chain Sheng Siong’s net profit declined 4.6 per cent to S$32.8 million in the third quarter ending Sep 30, from S$34.4 million a year ago.

Stay defensive and look for value opportunities among Singapore Exchange (SGX) names, says RHB Group Research analyst Shekhar Jaiswal in a Singapore strategy note.“Given the rising global macroeconomic risks, equity markets are likely to continue being volatile. Investors should maintain a defensi...

AGAINST the backdrop of yet another round of currency appreciation, importers with domestic operations, such as grocery giant Sheng Siong, could see upside in the coming months given that overseas input costs are now relatively cheaper in Singapore dollar terms.

AGAINST the backdrop of yet another round of currency appreciation, importers with domestic operations, such as grocery giant Sheng Siong, could see upside in the coming months given that overseas input costs are now relatively cheaper in Singapore dollar terms.

DBS Group Research analysts Yeo Kee Yan and Janice Chua expect the upcoming 3QFY2022 season commencing mid-October to witness a mix of ups and downs, where market volatility will likely bring several potential surprises for various companies.According to the analysts, certain upside surprises could ...

DBS Group Research has kept its “buy” call and target price of $1.76 after Sheng Siong Group’s (SSG) chief financial officer (CFO), Joanne Chua, resigned.According to the bourse filing dated Sept 19, Chua resigned to “pursue [her] personal interests”.The news came as a surprise to the anal...

SGX-listed stocks Thai Beverage (ThaiBev), Kimly, Food Empire and Sheng Siong Group will likely be the winners in a rising inflation climate, says RHB Group Research analyst Jarick Seet.Sheng Siong Group and Kimly are both branded as value supermarkets and coffee shops, which will put them in good s...

RHB Group Research analyst Jarick Seet has kept his “buy” rating on Sheng Siong as he sees the supermarket group benefitting from the lower disposable income on the back of inflation.The analyst has also kept his target price unchanged at $1.78.To Seet, the inflationary environment could lead Sh...

DBS Group Research analysts Yeo Kee Yan and Janice Chua are anticipating more “sideways gyrations” for the benchmark Straits Times Index (STI) as the Fed continues to be bent on arresting inflation by raising rates, even if it comes at the expense of sub-par growth.To the analysts, the better-th...