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This consumer stock is set to thrive amid looming market uncertainties: RHB

Michelle Zhu
Michelle Zhu4/11/2018 10:13 AM GMT+08  • 2 min read
This consumer stock is set to thrive amid looming market uncertainties: RHB
SINGAPORE (Apr 11): RHB is upgrading its call on Sheng Siong Group to “buy” from “neutral” with a higher target price of $1.11 from 98 cents previously, which results from a 2-3% increase in FY18-20 estimates and target P/E from 19 to 21 times.
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SINGAPORE (Apr 11): RHB is upgrading its call on Sheng Siong Group to “buy” from “neutral” with a higher target price of $1.11 from 98 cents previously, which results from a 2-3% increase in FY18-20 estimates and target P/E from 19 to 21 times.

In a Wednesday report, analyst Juliana Cai says she thinks the market has underestimated the group’s near-term growth prospects given the recent improvement in consumer confidence and rising domestic consumption.

She also recommends investing in Sheng Siong for its defensive nature.

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