Analysts are positive on supermarket operator Sheng Siong, as grocery demand has shown to be resilient despite the relaxing of social distancing measures, as many are still working from home.

This is evident in Sheng Siong’s latest 3QFY2020 business update, which saw earnings surge some 54.4% y-o-y to $31.8 million, translating to  earnings per share (EPS) of 2.11 cents, higher than 1.37 cents in 3QFY2019.

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