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Brokers' take

Published Thu, Feb 25, 2016 · 09:50 PM
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Sheng Siong Group | Buy

Target price: S$0.95

Feb 25 close: S$0.86

OCBC Investment Research, Feb 25

Net profit grew 19.3 per cent to S$56.8 million, making up 103 per cent of our full-year forecast. Sheng Siong managed to improve its gross profit margin (GPM) to 24.7 per cent, and we think GPM should be able to sustain around 24 per cent as they remain focused on improving operational effic…

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