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Sheng Siong downgraded by brokers after recent rally, but outlook remains positive

Michelle Zhu
Michelle Zhu • 4 min read
Sheng Siong downgraded by brokers after recent rally, but outlook remains positive
SINGAPORE (May 2): UOB and Phillip Capital are downgrading their calls on Sheng Siong Group from their previous “buy” calls to “hold” and “accumulate”, respectively, with target prices of $1.09 and $1.13 after the group’s recent stock price
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