Sheng Siong Group Set to Gain From More Value-For-Money Purchases by Consumers -- Market Talk

Dow Jones03-28

0527 GMT - Sheng Siong Group stands to gain from more value-for-money purchases by consumers, UOB Kay Hian analysts say in a research report, as they maintain their buy rating on the stock. Sustained inflationary pressures in Singapore will likely spur consumers to scale back on dining out, which would boost sales of the supermarket-chain operator's value-for-money products, the analysts say. The company also continues to seek growth via the ongoing expansion of its network of outlets in Singapore, targeting at least three store openings annually, the analysts add. However, the brokerage cuts its 2024 and 2025 earnings estimates for Sheng Siong Group by 5% and 6%, respectively, to partly reflect its lowered store-openings forecast, and trims its target price to S$1.88 from S$1.97. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 28, 2024 01:27 ET (05:27 GMT)

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The company also continues to seek growth via the ongoing expansion of its network of outlets in Singapore, targeting at least three store openings annually, the analysts add. However, the brokerage cuts its 2024 and 2025 earnings estimates for Sheng Siong Group by 5% and 6%, respectively, to partly reflect its lowered store-openings forecast, and trims its target price to S$1.88 from S$1.97. 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Sustained ...</p>\n\n<a href=\"https://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":"BK6518","symbol_name":"食品和药品零售股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422187343","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422187343","pubTimestamp":1711603620,"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":"0527 GMT - Sheng Siong Group stands to gain from more value-for-money purchases by consumers, UOB Kay Hian analysts say in a research report, as they maintain their buy rating on the stock. 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