Supermarket

Sheng Siong remains as RHB's preferred staple pick - THE EDGE SINGAPORE

Broker's Calls

Sheng Siong remains as RHB's preferred staple pick

RHB Group Research is reiterating its “buy” recommendation on supermarket operator Sheng Siong with an unchanged target price of $1.87.

Results

Dairy Farm posts 35% drop in 1H earnings to US$115 mil on pandemic-related restrictions

Supermarket and convenience store operator Dairy Farm, a Jardine Matheson company, today announced that its 1H20 earnings have dropped by 35% to US$115 million ($158.3 million) from US$178 million

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

Results

Sheng Siong posts 48.2% increase in 1Q earnings to $28.7 mil on elevated consumer demand

SINGAPORE (Apr 28): Supermarket operator Sheng Siong Group today announced that its 1Q20 earnings have increased by 48.2% to $28.7 million from $19.4 million in 1Q19.

Broker's Calls

Supermarkets are in; retail is out

SINGAPORE (Apr 16): With the circuit breaker measures announced, non-essential workplaces have been ordered to close until May 4 to help contain the spread of Covid-19 in Singapore.

Covid-19

Crowds back at supermarts; food supplies continue

SINGAPORE (Mar 20): Malaysian vegetable supplier Oh Kian Huat delivers bak choy, spinach and kai lan from Cameron Highlands to Singapore at least three times a week.

Broker's Calls

Intensifying competition, economic slowdown may drag on Sheng Siong's growth: Maybank KE

SINGAPORE (Mar 19): Maybank Kim Eng is starting coverage on Sheng Siong Group (SSG) at “sell” with a  target price of 95 cents, which implies 19.5 times FY19F P/E – 1 S.D.

Broker's Calls

Analysts remain positive on Sheng Siong despite drop in 3Q earnings

SINGAPORE (Nov 1): Sheng Siong recently announced that its 3Q18 earnings have dropped by 9.4% to $17.8 million, compared to $19.7 million in 3Q17.

Results

Sheng Siong posts 6.3% rise in 2Q earnings to $17.2 mil on higher sales

SINGAPORE (July 30): Sheng Siong reported 2Q18 earnings increased 6.3% to $17.2 million from $16.1 million in 2Q17.

Results

Dairy Farm posts 6% growth in 1H earnings to $306.2 mil on higher sales

SINGAPORE (July 26): Dairy Farm International (DFI), a member of the Jardine Matheson Group, announced earnings of US$225 million ($306.2 million) for the half-year ended June, up 6% from its 1H17

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