Sheng Siong awards long-serving staff members with gold coins
In recognition of their loyalty, local supermarket chain Sheng Siong has awarded its long-serving employees with gold coins. Sheng Siong has more than 80 stores islandwide, with the…
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Stocks to watch: CapitaLand Ascott Trust, Sheng Siong, Sunpower, Wee Hur, Nordic
The following companies saw new developments that may affect trading of their securities on Friday (Dec 5): CapitaLand Ascott Trust (Clas), Sheng Siong Group: The hospitality player and…
CapitaLand Ascott Trust, Sheng Siong Group to replace Olam Group, Yangzijiang Financial on STI reserve list
Hospitality player CapitaLand Ascott Trust and supermarket chain operator Sheng Siong Group will be joining the Straits Times Index’s (STI) reserve list, following the December quarterly…
Stocks to watch: Wilmar International, Yangzijiang Financial, Sheng Siong, CapitaLand India Trust
The following companies saw new developments that may affect trading of their securities on Friday (Oct 31): Wilmar International: It posted a US$347.7 million loss for the third quarter…
Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
Revenue is up 14.4% for period, mainly driven by an increase in the number of stores Sheng Siong reported an 11.9 per cent increase in earnings to S$43.7 million in the third quarter ended…
Sheng Siong HQ, warehouse will move to Sungei Kadut for long-term growth
Supermarket operator Sheng Siong will move its headquarters, warehouse and distribution centre to a new site in Sungei Kadut to support its expansion plans. On Thursday (Sep 25), Sheng…
Stocks to watch: SingPost, CapitaLand Integrated Commercial Trust, Wilmar, Sheng Siong
The following companies saw new developments that may affect trading of their securities on Friday (Sep 26): Singapore Post (SingPost): The postal service provider on Thursday said it has…
Stocks to watch: Keppel, Jardine C&C, Seatrium, Mapletree Pan Asia Commercial Trust, Mapletree Logistics Trust, Sheng Siong
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 31): Keppel: Asset manager Keppel saw net profit rise 24.2 per cent to S$377.7…
Sheng Siong H1 net profit rises 3.5% to S$72.3 million on improved sales mix
Supermarket operator Sheng Siong reported a 3.5 per cent increase in H1 2025 net profit to S$72.3 million, from S$69.9 million in H1 2024 on Wednesday (Jul 30). Revenue for the period grew…
Maybank initiates coverage on Sheng Siong with ‘buy’ call on DFI sale of Singapore supermarkets
Maybank has initiated coverage on supermarket operator Sheng Siong, assigning it a “buy” call and a target price of S$2.30. This represents a premium of 10.6 per cent over its last closing…
DBS raises target price for Sheng Siong on steady earnings growth, margin superiority
DBS Research Equity on Tue (Jun 10) raised its target price for Sheng Siong to S$2.30 from S$2 on the back of strong earnings growth and resilient margins despite a volatile macroeconomic…
Stocks to watch: Wilmar, ST Engineering, Sheng Siong, Starhill Global Reit, FEHT, CDLHT, First Reit, IReit Global
The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 30). Wilmar International: The agribusiness group reported a 13.5 per cent…
Sheng Siong Q1 net profit up 6.1% to S$38.5 million on stronger sales
Supermarket operator Sheng Siong recorded a 6.1 per cent increase in net profit to S$38.5 million for the first quarter ended Mar 31, from S$36.3 million the year before. Revenue grew 7.1…
Brokers’ take: RHB raises Sheng Siong price target to S$2 on earnings growth momentum
RHB on Wednesday (Oct 30) raised its price target for Sheng Siong to S$2 from S$1.88 and kept its “buy” call on the counter. The new price target represents a roughly 25 per cent upside…
F&B, grocery players like Sheng Siong, DFI still whet appetite of investors
DESPITE a fiercely competitive environment, Singapore-listed food and beverage (F&B) players are still a draw for investors. The thirst for yield has also drawn private equity interest to…
Stocks to watch: Nio, Sheng Siong, Manulife US Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Sep 30): Nio Inc: The Chinese electric-vehicle maker’s China unit Nio Holding Co, also…