Singapore Retail Staples Sector's Earnings Outlook Seems More Positive -- Market Talk

Dow Jones
2025/07/04

0242 GMT - The Singapore retail staples sector's earnings outlook seems more positive, RHB Research's Alfie Yeo says in a research report. RHB sees Sheng Siong Group's growth riding on more new outlets amid a robust supermarket retail sales environment in Singapore. Also, DFI Retail Group's initiative to boost profitability by divesting less profitable non-core businesses is helping earnings to recover, the analyst says. Positive 1Q results of both companies prompt RHB to raise 2025-2027 earnings estimates for DFI Retail Group by 2% and for Sheng Siong by 4% for 2025 and 6% each for 2026 and 2027. RHB has buy ratings on both stocks and a target price of S$2.12 on Sheng Siong and US$3.09 on DFI Retail Group. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 03, 2025 22:42 ET (02:42 GMT)

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