Sheng Siong Group Set to Benefit From 'Value-for-Money' Trend -- Market Talk

Dow Jones

2025/06/24

0153 GMT - Sheng Siong Group could benefit from a "value-for-money" trend, OCBC Investment Research's Research team says, and raises the stock's fair value estimate to S$1.99 from S$1.88 with an unchanged hold rating. An accelerated shift in consumption patterns toward value-for-money is expected amid a weaker macro environment in Singapore, which will favor the supermarket chain operator. Also, the trade war's impact on the Singapore-listed company is probably limited, given that most of its goods procurement is sourced within Asia. Sheng Siong is expanding its market share amid the ongoing industry trend of store rationalization and scale down of its rivals, the team adds. Shares are unchanged at S$1.89. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 23, 2025 21:53 ET (01:53 GMT)

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An accelerated shift in consumption patterns toward value-for-money is expected amid a weaker macro environment in Singapore, which will favor the supermarket chain operator. Also, the trade war's impact on the Singapore-listed company is probably limited, given that most of its goods procurement is sourced within Asia. Sheng Siong is expanding its market share amid the ongoing industry trend of store rationalization and scale down of its rivals, the team adds. Shares are unchanged at S$1.89. 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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 23, 2025 21:53 ET (01:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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":"2545427972","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545427972","pubTimestamp":1750729980,"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":"0153 GMT - Sheng Siong Group could benefit from a \"value-for-money\" trend, OCBC Investment Research's Research team says, and raises the stock's fair value estimate to S$1.99 from S$1.88 with an unchanged hold rating. 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An accelerated shift in consumption patterns toward value-for-money is expected amid a weaker macro environment in Singapore, which will favor the supermarket chain operator. Also, the trade war's impact on the Singapore-listed company is probably limited, given that most of its goods procurement is sourced within Asia. Sheng Siong is expanding its market share amid the ongoing industry trend of store rationalization and scale down of its rivals, the team adds. Shares are unchanged at S$1.89. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 23, 2025 21:53 ET (01:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}