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Brokers' take

Published Fri, Mar 15, 2019 · 09:50 PM

Sheng Siong> Buy RHB Research Institute, March 15 March 15 close: S$1.09 Target price: S$1.25

Sheng Siong's same-store sales growth (SSSG) may see some downward pressure from the increased supply of supermarkets.

But Sheng Siong should outperform its peers, with growth from the 10 new stores opened last year as well as continued gross profit margin expansion.

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