Supermarket

Broker's Calls

This consumer stock is set to thrive amid looming market uncertainties: RHB

SINGAPORE (Apr 11): RHB is upgrading its call on Sheng Siong Group to “buy” from “neutral” with a higher target price of $1.11 from 98 cents previously, which results from a 2-3% increase in FY18-2

Broker's Calls

Dairy Farm downgraded on time required for strategic review to bear fruit

SINGAPORE (Mar 9): CIMB is downgrading its call on Dairy Farm International to “hold” from “add” previously with a lower target price of US$8.40 from US$9.18 after the group’s FY17 core net profit

Broker's Calls

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

Broker's Calls

Amazon’s threat to Dairy Farm still limited for now: RHB

SINGAPORE (Aug 7): RHB Research continues to rate Dairy Farm International at “buy” with a target price of US$9.53 ($13), after the Jardine Group member last week announced a 7% in

Results

Sheng Siong reports 6.1% rise in 2Q earnings to $16.1 million on 4 new stores

SINGAPORE (July 27): Supermarket chain operator Sheng Siong Group saw its earnings for the second quarter ended June grow 6.1% to $16.1 million from $15.2 million a year ago.

Sheng Siong’s The Verge outlet fails to extend lease

SINGAPORE (Dec 22): Sheng Siong Group has received written notice that the lease for its supermarket in The Verge will not be renewed after its current lease expires on Apr 30.

Broker's Calls

Sheng Siong outgunned in supermarket wars. Is it a worry?

SINGAPORE (Dec 14): Maybank Kim Eng has downgraded Sheng Siong Group from a “hold” rating to a “sell” rating after the supermarket operator failed to secure any new supermarket sites in December.

Broker's Calls

Fresh optimism on Sheng Siong, thanks to decent 3Q

SINGAPORE (Oct 27): DBS Vickers Securities is keeping its “buy” call on Sheng Siong Group with a higher target price of $1.19 from $1.18 previously, following the supermarket chain operator’s annou

Zhongmin Baihui opens new store in Quangang, China

SINGAPORE (Sept 30): Zhongmin Baihui Retail Group announced that it has opened a new store Quangang, Quanzhou City, Fujian Province.

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