Home Capital Broker's Calls

Sheng Siong on track for an even more bountiful FY18

Michelle Zhu
Michelle Zhu2/23/2018 12:21 PM GMT+08  • 2 min read
Sheng Siong on track for an even more bountiful FY18
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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now