Sheng Siong Group's Market Share May Grow on Strong Store Pipeline -- Market Talk

Dow Jones

2025/07/07

0259 GMT - Grocery retailer Sheng Siong Group's market share is likely to expand on expectations of more store openings, say CGS International analysts in a note. Sheng Siong could bid for up to three supermarket sites in Singapore's public housing estates, they say, and forecast 10 store openings for FY 2025 and five for FY 2026. While new store costs could weigh on FY 2025 earnings, Sheng Siong's operating leverage and procurement capabilities should drive 6% EPS compound annual growth rate over FY 2025-2027, they add. The brokerage maintains its add call and raises its target to S$2.21 from S$1.90. Shares are 2% higher at S$2.01. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 06, 2025 22:59 ET (02:59 GMT)

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While new store costs could weigh on FY 2025 earnings, Sheng Siong's operating leverage and procurement capabilities should drive 6% EPS compound annual growth rate over FY 2025-2027, they add. The brokerage maintains its add call and raises its target to S$2.21 from S$1.90. Shares are 2% higher at S$2.01. 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While new store costs could weigh on FY 2025 earnings, Sheng Siong's operating leverage and procurement capabilities should drive 6% EPS compound annual growth rate over FY 2025-2027, they add. The brokerage maintains its add call and raises its target to S$2.21 from S$1.90. Shares are 2% higher at S$2.01. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 06, 2025 22:59 ET (02:59 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":"2549030655","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549030655","pubTimestamp":1751857140,"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":"0259 GMT - Grocery retailer Sheng Siong Group's market share is likely to expand on expectations of more store openings, say CGS International analysts in a note. 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Sheng Siong could bid for up to three supermarket sites in Singapore's public housing estates, they say, and forecast 10 store openings for FY 2025 and five for FY 2026. While new store costs could weigh on FY 2025 earnings, Sheng Siong's operating leverage and procurement capabilities should drive 6% EPS compound annual growth rate over FY 2025-2027, they add. The brokerage maintains its add call and raises its target to S$2.21 from S$1.90. Shares are 2% higher at S$2.01. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 06, 2025 22:59 ET (02:59 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}