SINGAPORE (Feb 23): DBS and OCBC are maintaining their “buy” calls on Sheng Siong following the supermarket operator’s release of its latest 4Q results, which brings FY17 earnings to a total of $69.8 million, up 11.4% from $62.7 million in FY16.
See: Sheng Siong's 4Q earnings up 9.3% to $16.8 mil on higher revenue
DBS’ target price of $1.20 remains unchanged and based on a 25 times FY18F P/E, while OCBC has put its fair value on the stock under review pending Sheng Siong’s analyst briefing.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
