Sheng Siong Group's stock is soaring 3.05% in intraday trading, as investors react positively to analyst expectations of market share expansion and a strong store opening pipeline. The grocery retailer's shares are trading higher amid optimistic forecasts for its growth strategy.
According to CGS International analysts, Sheng Siong is poised to expand its market share through an aggressive store opening plan. The company could potentially bid for up to three supermarket sites in Singapore's public housing estates. Analysts are projecting 10 new store openings for FY 2025 and an additional five for FY 2026, signaling a robust expansion strategy.
While the costs associated with new store openings might impact FY 2025 earnings, analysts believe Sheng Siong's operating leverage and procurement capabilities will drive a 6% EPS compound annual growth rate over FY 2025-2027. This positive outlook has led CGS International to maintain its "add" rating on the stock and raise its target price to S$2.21 from S$1.90. The market's enthusiasm for Sheng Siong's growth prospects is reflected in today's significant stock price increase.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。