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2022-05-12

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

0801 GMT - Sales at Sheng Siong Group's supermarkets may be supported by more at-home dining as cons

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

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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. 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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$1.55. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  May 04, 2022 04:01 ET (08:01 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HBCP":"Home合众银行","OV8.SI":"昇菘","08100":"智易控股"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2232518040","content_text":"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. 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