Sheng Siong group's planned store openings for FY2025 have led to a positive sentiment among analysts.

Citi Research analyst Gan Huan Wen has a "buy" call on the stock, with a raised target price (TP) $2.05 from $1.90 previously.

He writes in his April 30 report: "Sheng Siong's six new stores in the pipeline will take full year store additions to eight, much higher than previously guided minimum of three.”