Sheng Siong's Revenue to Be Aided by New Store Openings
Dow Jones07-21
Sheng Siong Group's revenue growth will likely remain supported by new store openings, Maybank Securities' Hussaini Saifee writes in a note.
He expects the Singapore supermarket chain operator to open 10 new stores this year, a significant expansion.
"Not all will contribute a full year of sales in 2025, but together with the two stores opened in early 2025, we anticipate an uplift," the analyst says.
Maybank Securities expects Sheng Siong's revenue to grow between 6% and 8% this year and next. It initiates stock coverage with a buy rating and a target price of S$2.30.
Shares are up 0.5% at S$2.09.
At the request of the copyright holder, you need to log in to view this content
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.
This Sheng Siong is ridiculously expensive now. From what I'm looking at is S$1.60 Max if not even lower. These are company self buying back scam to bring up the price which didn't make sense.
