Sheng Siong Might Not Rely on Debt to Fund Distribution Center -- Market Talk

Dow Jones10-31

0706 GMT - Sheng Siong Group seems well-placed to fund its S$520 million distribution center with minimal borrowing, says DBS Group Research's Zheng Feng Chee in a note. He cites the company's S$394 million net cash and around S$60 million in annual net cash generation. "Any debt required should be modest and, given the balance sheet strength, likely priced near 3% or lower," the analyst adds. The Singapore grocery-store operator's strong 3Q results keep the company on track to meet DBS's full-year estimates. He expects 4Q profit to continue the current growth trend thanks to better operating leverage, boosted by stronger demand stemming from the government's cash vouchers. DBS maintains its buy rating and S$2.60 target on Sheng Siong, which rises 0.9% to S$2.30. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

October 31, 2025 03:06 ET (07:06 GMT)

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The Singapore grocery-store operator's strong 3Q results keep the company on track to meet DBS's full-year estimates. He expects 4Q profit to continue the current growth trend thanks to better operating leverage, boosted by stronger demand stemming from the government's cash vouchers. DBS maintains its buy rating and S$2.60 target on Sheng Siong, which rises 0.9% to S$2.30. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2025 03:06 ET (07:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sheng Siong Might Not Rely on Debt to Fund Distribution Center -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSheng Siong Might Not Rely on Debt to Fund Distribution Center -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-31 15:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0706 GMT - <a href=\"https://laohu8.com/S/SHSGF\">Sheng Siong</a> Group seems well-placed to fund its S$520 million distribution center with minimal borrowing, says DBS Group Research's Zheng Feng Chee in a note. He cites the company's S$394 million net cash and around S$60 million in annual net cash generation. \"Any debt required should be modest and, given the balance sheet strength, likely priced near 3% or lower,\" the analyst adds. The Singapore grocery-store operator's strong 3Q results keep the company on track to meet DBS's full-year estimates. He expects 4Q profit to continue the current growth trend thanks to better operating leverage, boosted by stronger demand stemming from the government's cash vouchers. DBS maintains its buy rating and S$2.60 target on Sheng Siong, which rises 0.9% to S$2.30. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2025 03:06 ET (07:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0865486749.SGD","symbol_name":"Eastspring Investments - Asian Equity Income AS SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2579323224","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579323224","pubTimestamp":1761894360,"columns":[],"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":"0706 GMT - Sheng Siong Group seems well-placed to fund its S$520 million distribution center with minimal borrowing, says DBS Group Research's Zheng Feng Chee in a note. 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He cites the company's S$394 million net cash and around S$60 million in annual net cash generation. \"Any debt required should be modest and, given the balance sheet strength, likely priced near 3% or lower,\" the analyst adds. The Singapore grocery-store operator's strong 3Q results keep the company on track to meet DBS's full-year estimates. He expects 4Q profit to continue the current growth trend thanks to better operating leverage, boosted by stronger demand stemming from the government's cash vouchers. DBS maintains its buy rating and S$2.60 target on Sheng Siong, which rises 0.9% to S$2.30. 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