Sheng Siong Stands to Benefit From Rising Inflation -- Market Talk

Dow Jones2022-05-24

0451 GMT - Sheng Siong Group stands to benefit from rising inflation, says RHB Research analyst Jarick Seet in a research report. Rising inflation may spur more people to stay home and have more home-cooked meals, which could benefit the Singapore-listed value-for-money supermarket chain operator, the analyst says. Sheng Siong will also likely be able to raise prices to pass on costs while maintaining earnings margins, which it has done in the past when prices rose, the analyst adds. RHB Research raises the stock's rating to buy from neutral and increases target price to S$1.78 from S$1.51. Shares are 0.7% lower at S$1.51. (ronnie.harui@wsj.com)

$(END)$ Dow Jones Newswires

May 24, 2022 00:51 ET (04:51 GMT)

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RHB Research raises the stock's rating to buy from neutral and increases target price to S$1.78 from S$1.51. Shares are 0.7% lower at S$1.51. 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Rising inflation may spur more people to stay home and have more home-...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6034","symbol_name":"食品零售","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2237927318","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2237927318","pubTimestamp":1653367860,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0451 GMT - Sheng Siong Group stands to benefit from rising inflation, says RHB Research analyst Jari","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6034":"食品零售","OV8.SI":"昇菘","BK6518":"食品和药品零售股"},"translate_title":"盛祥将从通胀上升中受益--市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"END":1,"OV8.SI":0.9},"content_text":"0451 GMT - Sheng Siong Group stands to benefit from rising inflation, says RHB Research analyst Jarick Seet in a research report. 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