• 3
  • Comment
  • Favorite

Sheng Siong Supermarket Sales Can Get Boost From At-Home Dining -- Market Talk

Dow Jones2022-05-04

0801 GMT - Sales at Sheng Siong Group's supermarkets may be supported by more at-home dining as consumers in Asia worry about the higher cost of living and look for ways to stretch their money, UOB Kay Hian analyst John Cheong says in a research report. The supermarket-chain operator will likely continue to build on its e-commerce capabilities for areas where it doesn't have a physical presence, in order to offer customers better accessibility to its products. The brokerage raises its 2022-2024 earnings estimates for the company by 9%, 9% and 7% respectively, and adjusts the stock's target price to S$1.69 from S$1.63. It keeps a hold rating on the shares, which are 1.3% higher at S$1.55. (ronnie.harui@wsj.com)

 

$(END)$ Dow Jones Newswires

May 04, 2022 04:01 ET (08:01 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial