Sheng Siong Group's Earnings Outlook Appears Strong -- Market Talk

Dow Jones

May 05

0321 GMT - Sheng Siong Group's earnings outlook appears strong, RHB Research's Alfie Yeo says in a research report. This year's growth is expected to be fueled by the full 12-month earnings contribution from the 12 new stores it opened last year, the analyst says. The supermarket chain operator has already secured three new outlets for 2026, and is awaiting results for five other tenders, the analyst says. The company is also likely to bid for two more tenders in the next 6-12 months. RHB Research raises the stock's target price to S$3.45 from S$3.02, based on an estimated 28x blended 2026-2027 P/E to reflect more market penetration, with an unchanged buy rating. Shares are 1.3% higher at S$3.08. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 04, 2026 23:21 ET (03:21 GMT)

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This year's growth is expected to be fueled by the full 12-month earnings contribution from the 12 new stores it opened last year, the analyst says. The supermarket chain operator has already secured three new outlets for 2026, and is awaiting results for five other tenders, the analyst says. The company is also likely to bid for two more tenders in the next 6-12 months. RHB Research raises the stock's target price to S$3.45 from S$3.02, based on an estimated 28x blended 2026-2027 P/E to reflect more market penetration, with an unchanged buy rating. Shares are 1.3% higher at S$3.08. 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This year's growth is expected to be fueled by the full 12-month earnings contribution from the 12 new stores it opened last year, the analyst says. The supermarket chain operator has already secured three new outlets for 2026, and is awaiting results for five other tenders, the analyst says. The company is also likely to bid for two more tenders in the next 6-12 months. RHB Research raises the stock's target price to S$3.45 from S$3.02, based on an estimated 28x blended 2026-2027 P/E to reflect more market penetration, with an unchanged buy rating. Shares are 1.3% higher at S$3.08. (ronnie.harui@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  May 04, 2026 23:21 ET (03:21 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"OV8.SI","symbol_name":"昇菘","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633995610","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633995610","pubTimestamp":1777951260,"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":"0321 GMT - Sheng Siong Group's earnings outlook appears strong, RHB Research's Alfie Yeo says in a research report. This year's growth is expected to be fueled by the full 12-month earnings contribution from the 12 new stores it opened last year, the analyst says. The supermarket chain operator has already secured three new outlets for 2026, and is awaiting results for five other tenders, the analyst says. The company is also likely to bid for two more tenders in the next 6-12 months. RHB Research raises the stock's target price to S$3.45 from S$3.02, based on an estimated 28x blended 2026-2027 P/E to reflect more market penetration, with an unchanged buy rating. Shares are 1.3% higher at S$3.08. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"OV8.SI":"昇菘"},"translate_title":"升菘集团盈利前景强劲——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OV8.SI":1.5},"content_text":"0321 GMT - Sheng Siong Group's earnings outlook appears strong, RHB Research's Alfie Yeo says in a research report. This year's growth is expected to be fueled by the full 12-month earnings contribution from the 12 new stores it opened last year, the analyst says. The supermarket chain operator has already secured three new outlets for 2026, and is awaiting results for five other tenders, the analyst says. The company is also likely to bid for two more tenders in the next 6-12 months. RHB Research raises the stock's target price to S$3.45 from S$3.02, based on an estimated 28x blended 2026-2027 P/E to reflect more market penetration, with an unchanged buy rating. Shares are 1.3% higher at S$3.08. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 04, 2026 23:21 ET (03:21 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}