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

Michelle Zhu
Michelle Zhu5/2/2018 10:27 AM GMT+08  • 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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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 run-up of around 10% over the last two months.

Meanwhile, OCBC and Maybank continues to rate Sheng Siong at “buy” with a fair value and price target of $1.12 and $1.20, respectively.


See: Steady start to FY18 keeps Sheng Siong firmly at 'buy'

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