Brokers' take

Sheng Siong Group > Buy DBS Group Research, Oct 27 Oct 27 close: S$0.94 Target price: S$1.19

DESPITE the opening of Amazon Prime, there was no letup operationally. In fact, margins and sales parameters grew stronger y-o-y (year-on-year). This was partly due to closure of the Verge store, which was performing weaker than the rest of the stores. Three more stores (Woodlands Street 12 - 11,800 sq ft, Punggol Edgedale Plains - 3,100 sq ft, and Sengkang Anchorvale - 5,100 sq ft) are due to open in Q4 17. Its new Kunming store is due to open by the end of 2017. Our earnings forecast is largely unchanged.

Samudera Shipping > Buy KGI Securities (Singapore), Oct 27 Oct 27 close: S$0.25 Target price: S$0.38