Sheng Siong Group (SSG)

Broker's Calls

Sheng Siong remains RHB's 'top pick' on elevated demand and stellar earnings in 1Q20

SINGAPORE (Apr 29): Since the Disease Outbreak Response System Condition (DORSCON) level was raised to “orange” from “yellow” on Feb 7 this year following heightened cases of Covid-19, su

Broker's Calls

As people flock to supermarkets, analysts recommend to rush to buy these supermarket stocks

SINGAPORE (Apr 22): As Singapore announced yesterday that it will extend the existing circuit breaker

CoVid-19

Pig farmer's sons become billionaire grocers in pandemic's wake

SINGAPORE (Apr 16): Lim Hock Chee and his wife used to sell chilled pork at a rented stall in a grocery store.

Investing ideas

Stocks to watch as Singapore enters a one-month circuit breaker: CGS-CIMB

SINGAPORE (Apr 5): The month-long circuit breaker beginning tomorrow denotes Singapore’s commitment to slowing the transmission of Covid-19. 

Broker's Calls

Worsening virus outbreak a reason to cash in on these two supermarket stocks: DBS

SINGAPORE (Mar 25): With the escalating Covid-19 outbreak and more social distancing restrictions in place, there is good reason to believe that grocery retail stocks are rare beneficiaries of the

Broker's Calls

Analyst remains positive as consumers accumulate groceries from Sheng Siong

SINGAPORE (Feb 24): Phillip Capital is maintaining its “accumulate” recommendation on supermarket operator Sheng Siong with a higher target price of $1.41, from $1.32 previously.

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

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