Maybank Kim Eng started Sheng Siong Group at Sell with a S$1.33 target price, saying the grocery store operator’s “best days are over.”
Singapore companies which may be in focus on Monday, 2 August 2021: DBS, iFAST, Yangzijiang, China Sunsine, Sheng Siong, Accordia Golf and Keppel REIT.
Singapore companies which may be in focus Friday, 30 July 2021: SIA, Sheng Siong, Starhill Global REIT, Dairy Farm, Mandarin Oriental and Raffles Education.
Sheng Siong said Thursday its 1H21 net property slipped 12.1% on-year to S$66.1M as year-ago lockdowns created a high base of comparison.
These are Singapore companies which may be in focus on Tuesday, 19 November 2019: MCT, Soilbuild Construction, OUE, Far East Orchard and Sheng Siong.
Sheng Siong entered a deal to acquire a property at Block 118 Aljunied Avenue 2 from Jelita Property for S$29.5M, the supermarket operator said Friday.
These are Singapore companies which may be in focus on Friday, 14 November 2019: Singtel, Sembcorp Industries, F&N, Old Chang Kee, CapitaLand and Sunvic.
These are Singapore companies which may be in focus on Thursday, 31 October 2019: SIA, Hi-P, Keppel REIT, SingPost, Creative Tech, Yanlord and Sheng Siong.
Sheng Siong reported Wednesday its 3Q19 net profit rose 16.4% on-year to S$20.6 million on the addition of new stores and an improved gross profit margin.
CGS-CIMB upgraded Sheng Siong to Add from Hold on expectations the supermarket operator will be rewarded for steady earnings and store growth.
These are Singapore companies which may be in focus on Tuesday, 30 July 2019: SIA, DBS, Ascendas REIT, Sheng Siong and Delong.
Supermarket operator Sheng Siong reported Monday its 2Q19 net profit rose 7.6% on-year to S$18.4 million as revenue grew with the addition of 13 new stores.