EVEN amid the threat of e-commerce and economic uncertainties, Sheng Siong remains a popular pick among consumer stocks, thanks largely to its growing footprint and strong balance sheet.
Its has 52 outlets in its network, covering 477,620 sq ft. It has just bagged a tender to lease a 10,030 sq ft space in Woodlands from the Housing Development Board (HDB), and has also landed a 20,370 sq ft retail space from Dollar Land Singapore, also in Woodlands.
These two spaces are expected to offset the closure...