Sheng Siong Group (SSG)

Results

Sheng Siong posts 7% rise in FY19 earnings to $75.7 mil despite 4Q dip

SINGAPORE (Feb 20): Supermarket chain Sheng Siong Group reported full-year earnings of $75.7 million for FY2019 ended December, some 7.0% higher than FY2018 earnings of $70.8 million.

Broker's Calls

Brokers’ Digest

UMS Holdings

Price targets:

$1.13 BUY (Maybank Kim Eng Research)

$1.08 BUY (DBS Group Research)

79 cents HOLD (CGS-CIMB Research)

Results

Sheng Siong reports 15.9% rise in 3Q earnings to $20.5 mil on new store openings

SINGAPORE (Oct 30): Sheng Siong Group has posted earnings of $20.5 million for the 3Q19 ended September, some 15.9% higher than earnings of $17.7 million recorded in the corresponding quarter a yea

Broker's Calls

Sheng Siong likely to be hampered by slow supermarket sales, says Maybank

SINGAPORE (Oct 16): Maybank Kim Eng Research is reiterating its “sell” call on mass-market supermarket operator Sheng Siong Group (SSG) with an unchanged target price of 96 cents, on the back of “t

Investing ideas

Sheng Siong shares climb as 2Q results meet expectations on back of new store openings

SINGAPORE (July 31): Shares in Sheng Siong Group are marching higher following its 2Q results announcement on Monday, which saw the supermarket chain report earnings in line with consensus expectat

Results

Sheng Siong posts 7.4% higher 2Q earnings of $18.4 mil; declares interim dividend of 1.75 cents per share

SINGAPORE (July 29): Supermarket chain Sheng Siong Group has reported earnings of $18.4 million for the 2Q19 ended June, up 7.4% from $17.2 million in 2Q18, on the back of higher revenue.

Global Economy

US Fed to keep rates steady, UOB sees 2020 cut, No Signboard shares slump on CAD probe

(May 6): The US central bank is keeping rates steady, with Federal Reserve chairman Jerome Powell saying he sees no immediate need to move interest rates either higher or lower, and that the Fed is

Broker's Calls

Mixed views on Sheng Siong Group's near-term outlook amid aggressive store expansion

SINGAPORE (April 30): Brokers are split on their opinions of Sheng Siong Group (SSG) post the release of the supermarket operator’s 1Q19 results, which saw

Results

Sheng Siong posts 5.9% rise in 1Q earnings to $19.4 mil on higher sales

SINGAPORE (Apr 26): Sheng Siong Group saw its earnings grow 5.9% to $19.4 million for the 1Q19 ended March, from $18.3 million a year ago, on the back of higher revenue.

Broker's Calls

Shrinking shopping carts keep Sheng Siong at 'sell' for Maybank

SINGAPORE (Apr 16): Maybank Kim Eng continues to rate Sheng Siong “sell” with an unchanged target price of 95 cents.

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