Sheng Siong Group's Business Outlook Remains Positive; Shares Surge to All-Time High of S$2.68

Dow Jones

2025/11/05

Sheng Siong Group's business outlook remains positive, RHB Research's Alfie Yeo says in a research report.

The Singapore-based company has exceeded RHB's new-store forecast for 2025, with it having opened nine new outlets year-to-date and two more expected to start operations in 4Q.

Pipeline for new stores at Singapore's Housing & Development Board continues to be robust, with three new outlets expected to be released by June 2026, the analyst says.

RHB increases its 2026 and 2027 earnings forecasts for Sheng Siong by 3% each.

It raises the stock's target price to S$2.72 from S$2.63 with an unchanged buy rating.

Sheng Siong jumps 2.71% at 11:53 am, Nov 11.

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Shares Surge to All-Time High of S$2.68","media":"Dow Jones","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SHSGF\">Sheng Siong</a> Group&#39;s business outlook remains positive, RHB Research&#39;s Alfie Yeo says in a research report. </p><p>The Singapore-based company has exceeded RHB&#39;s new-store forecast for 2025, with it having opened nine new outlets year-to-date and two more expected to start operations in 4Q. </p><p>Pipeline for new stores at Singapore&#39;s Housing &amp; Development Board continues to be robust, with three new outlets expected to be released by June 2026, the analyst says. </p><p>RHB increases its 2026 and 2027 earnings forecasts for Sheng Siong by 3% each. </p><p>It raises the stock&#39;s target price to S$2.72 from S$2.63 with an unchanged buy rating. </p><p> <a href=\"https://laohu8.com/S/OV8.SI\">Sheng Siong</a> jumps 2.71% at 11:53 am, Nov 11.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9c58ee846e937f38cf9ff92cefe35629\" tg-width=\"894\" tg-height=\"642\"/></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Development Board continues to be robust, with three new outlets expected to be released by June 2026, the analyst says. </p><p>RHB increases its 2026 and 2027 earnings forecasts for Sheng Siong by 3% each. </p><p>It raises the stock&#39;s target price to S$2.72 from S$2.63 with an unchanged buy rating. </p><p> <a href=\"https://laohu8.com/S/OV8.SI\">Sheng Siong</a> jumps 2.71% at 11:53 am, Nov 11.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9c58ee846e937f38cf9ff92cefe35629\" tg-width=\"894\" tg-height=\"642\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001135.SGD","symbol_name":"United ASEAN Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2581718326","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581718326","pubTimestamp":1762308960,"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":"0216 GMT - Sheng Siong Group's business outlook remains positive, RHB Research's Alfie Yeo says in a research report. The Singapore-based company has exceeded RHB's new-store forecast for 2025, with it having opened nine new outlets year-to-date and two more expected to start operations in 4Q. Pipeline for new stores at Singapore's Housing & Development Board continues to be robust, with three new outlets expected to be released by June 2026, the analyst says. RHB increases its 2026 and 2027 earnings forecasts for Sheng Siong by 3% each. It raises the stock's target price to S$2.72 from S$2.63 with an unchanged buy rating. Shares are 0.8% higher at S$2.53. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999001135.SGD":"United ASEAN Fund SGD","BK6518":"食品和药品零售股","BK6034":"食品零售","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","OV8.SI":"昇菘","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC"},"translate_title":"升菘集团的业务前景仍然乐观；股价飙升至2.68新元的历史新高","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OV8.SI":1.5},"content_text":"Sheng Siong Group's business outlook remains positive, RHB Research's Alfie Yeo says in a research report. The Singapore-based company has exceeded RHB's new-store forecast for 2025, with it having opened nine new outlets year-to-date and two more expected to start operations in 4Q. Pipeline for new stores at Singapore's Housing & Development Board continues to be robust, with three new outlets expected to be released by June 2026, the analyst says. RHB increases its 2026 and 2027 earnings forecasts for Sheng Siong by 3% each. It raises the stock's target price to S$2.72 from S$2.63 with an unchanged buy rating.  Sheng Siong jumps 2.71% at 11:53 am, Nov 11.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}