Sheng Siong Group May Gain as Consumers Look for Value -- Market Talk

Dow Jones05-27

0623 GMT - Sheng Siong Group could gain by offering consumers value-for-money products as the cost of living rises, UOB Kay Hian analysts John Cheong and Heidi Mo say in a note. Sustained inflationary pressures and the recent GST hike are likely to spur consumers towards more value-for-money purchases, they say. The supermarket-chain operator may also likely benefit from improved sales as consumers cut back on dining out, the analysts say. UOB KH keeps a buy rating on the stock, with a target price of S$1.88. Shares are 0.7% higher at S$1.51.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

May 27, 2024 02:23 ET (06:23 GMT)

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chwong
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Sustained inflationary...</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":"LU0315178854.USD","symbol_name":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2438051873","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2438051873","pubTimestamp":1716790980,"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":"0623 GMT - Sheng Siong Group could gain by offering consumers value-for-money products as the cost of living rises, UOB Kay Hian analysts John Cheong and Heidi Mo say in a note. 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Sustained inflationary pressures and the recent GST hike are likely to spur consumers towards more value-for-money purchases, they say. The supermarket-chain operator may also likely benefit from improved sales as consumers cut back on dining out, the analysts say. UOB KH keeps a buy rating on the stock, with a target price of S$1.88. 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