Supermarket

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

Broker's Calls

Sheng Siong downgraded by brokers after recent rally, but outlook remains positive

SINGAPORE (May 2): UOB and Phillip Capital are downgrading their calls on Sheng Siong Group from their previous “buy” calls to “hold” and “accumulate”, respectively, with target prices of $1.09 and

Broker's Calls

Steady start to FY18 keeps Sheng Siong firmly at 'buy'

SINGAPORE (Apr 30): RHB, OCBC and DBS are maintaining their “buy” calls on Sheng Siong Group with target prices of $1.18, $1.06 and $1.21, respectively, after the supermarket operator posted a set

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