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Broker's Digest: Sheng Siong Group, UG Healthcare, ST Engineering

The Edge Singapore
The Edge Singapore5/26/2022 05:27 PM GMT+08  • 6 min read
Broker's Digest: Sheng Siong Group, UG Healthcare, ST Engineering
Here's what the analysts have to say this week.
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Sheng Siong Group
Price target:
RHB Group Research “buy” $1.78

Inflation to give Sheng Siong a boost

RHB Group Research analyst Jarick Seet believes that Sheng Siong will be a beneficiary of the current rising inflation. Consumers may release some pent-up demand for dining out, but after the reality of inflation sets in, life will return to “normal”. Seet believes that the stock is well-positioned as a “value-for-money” supermarket chain, which will be its selling point to be a key beneficiary of this normalisation.

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