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Fresh optimism on Sheng Siong, thanks to decent 3Q

Broker's Calls

Fresh optimism on Sheng Siong, thanks to decent 3Q

Michelle Zhu Published on Thu, Oct 27, 2016 / 3:43 PM GMT+8

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SINGAPORE (Oct 27): DBS Vickers Securities is keeping its “buy” call on Sheng Siong Group with a higher target price of $1.19 from $1.18 previously, following the supermarket chain operator’s announcement yesterday of a 8% rise in 3Q earnings to $15.7 million.

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