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Sheng Siong Group
(SSG) | Buy
Target price: S$1.20
April 3 close: S$0.945

Maybank Kim Eng, April 2

EXCESSIVE concerns about e-commerce disruptions led to 12-month underperformance of 10 per cent against the Straits Times Index, despite its results resilience.

SSG continues to offer grocery-shopping convenience, focusing on fresh foods in densely-populated HDB estates, where more than 80 per cent of Singapore's residents reside.

We resume coverage with a Buy rating, expecting catalysts from: 1) further...

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