Maybank Kim Eng’s Kareen Chan has initiated coverage on Sheng Siong Group with a “sell” call and $1.33, citing its “best days are over”.

From her perspective, the supermarket chain, which benefited from higher-than-normal buying last year amid the pandemic, is unlikely to see another windfall this year as more people dine out with the expected ban lift later this year along with higher vaccination rates.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook