Sheng Siong
DBS, RHB raise Sheng Siong target prices on expansion runway, CGSI holds steady
Its diversified supply base mitigates the risk of major disruptions from the Middle East conflict, says RHB
Sheng Siong Q1 net profit up 12.6% on stronger sales
Revenue is up 12.4%, driven by the opening of 12 new stores
S$8m director pay, Iran war risks among issues raised by Sheng Siong investors ahead of AGM
Asked about declaring special dividend, group says maintaining balance sheet strength is ‘prudent’
Sheng Siong, DBS among winners of Singapore’s S$1 billion energy support package: RHB
Most direct equity beneficiaries are in consumer staples and heartland retail, the brokerage says
CGSI upgrades Sheng Siong to ‘add’; RHB raises target price on store outlook
However, DBS argues the supermarket operator’s 2026 growth has already been priced in
Sheng Siong posts 14% jump in H2 profit to S$77.1 million on improved sales mix
Increase in earnings comes as an improved sales mix and higher revenue offset rising operating costs
Sheng Siong shares close 4.2% lower after OCBC downgrade
The stock’s forward price-to-earnings ratio is more than two standard deviations above its historical average
Sheng Siong awards long-serving staff members with gold coins
[SINGAPORE] In recognition of their loyalty, local supermarket chain Sheng Siong has awarded its long-serving employees with gold coins.
Sheng Siong ends 6.5% higher at record closing price on improved Q3 earnings
The surge comes amid higher third-quarter net profit and its recent expansion moves
Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
Earnings per share up 11.9% at S$0.0291 for period, from S$0.026 in Q3 2024
