DBS, Sheng Siong to engage up to 1,000 SMEs in sustainability partnership
DBS and Sheng Siong are planning to engage up to 1,000 small and medium enterprises (SMEs) in the supermarket operator’s supply chain...
Sheng Siong H2 profit climbs 3.6% as finance income doubles
SUPERMARKET chain Sheng Siong on Tuesday (Feb 27) reported a 3.6 per cent increase in net profit to S$68.3 million for the...
Sheng Siong primed for growth as flats in new estates drive demand for supermarkets
WHEN residents first started moving into their built-to-order (BTO) flats in Tengah, a new town in Singapore’s west, they were surprised by...
Brokers’ take: Analysts mixed on Sheng Siong’s catalysts, but positive on FY2024
DBS Group Research and Phillip Securities have lowered their target prices on Sheng Siong, while RHB has raised its target price. They...
Sheng Siong Q3 net profit grows 5.7% to S$34.8 million
GROCER group Sheng Siong on Thursday (Oct 26) posted a third-quarter net profit of S$34.8 million, up 5.7 per cent from the...
Sheng Siong to open 6th store in China
SUPERMARKET company Sheng Siong said on Friday (Sep 22) that it had inked a lease agreement to open a new store in...
Brokers’ take: Analysts mixed on Sheng Siong’s near-term prospects for new stores
DBS Group Research and Phillip Securities have issued opposing recommendation changes on Sheng Siong Group, after the supermarket operator last week released...
Sheng Siong H1 profit falls 3% to S$65.4 million as staff costs, utilities rise
SHENG Siong on Thursday (Jul 27) reported a 3 per cent decrease in net profit to S$65.4 million for the first half...
Brokers’ take: DBS upgrades Sheng Siong to ‘buy’ on attractive valuation, industry dynamics
DBS Group Research upgraded its call on Sheng Siong to “buy” from “hold” in view of the supermarket operator’s recent share price...
If Sheng Siong can’t add an independent director, maybe it should cut a family member instead
WHEN Singapore Exchange (SGX) queried Sheng Siong last week about the independence of its board, the grocery chain justified the composition of...