Sheng Siong Group's Valuations Appear Stretched -- Market Talk

Dow Jones

03/03

0008 GMT - Sheng Siong Group's valuations appear stretched, says Citi analyst Gan Huan Wen in a note. The Singapore-listed grocery retailer's 2026 outlook appears bright, as it could benefit from government vouchers while earnings should see a boost from stores opening this year, the analyst says. However, the stock is trading around two standard deviations higher than its historical average, and the company's upbeat prospects appear to already be priced in, he says. He also trims his 2026 and 2027 net profit projections by 2.0% and 1.0%, respectively, to factor in the retailer's full-year results. Citi downgrades the stock to neutral from buy on stretched valuations but raises its target price to S$2.80 from S$2.55 thanks to Sheng Siong's outlook. Shares last closed at S$2.63. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 02, 2026 19:08 ET (00:08 GMT)

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The Singapore-listed grocery retailer's 2026 outlook appears bright, as it could benefit from government vouchers while earnings should see a boost from stores opening this year, the analyst says. However, the stock is trading around two standard deviations higher than its historical average, and the company's upbeat prospects appear to already be priced in, he says. He also trims his 2026 and 2027 net profit projections by 2.0% and 1.0%, respectively, to factor in the retailer's full-year results. Citi downgrades the stock to neutral from buy on stretched valuations but raises its target price to S$2.80 from S$2.55 thanks to Sheng Siong's outlook. Shares last closed at S$2.63. 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The Singapore-listed grocery retailer's 2026 outlook appears bright, as it could benefit from government vouchers while earnings should see a boost from stores opening this year, the analyst says. However, the stock is trading around two standard deviations higher than its historical average, and the company's upbeat prospects appear to already be priced in, he says. He also trims his 2026 and 2027 net profit projections by 2.0% and 1.0%, respectively, to factor in the retailer's full-year results. Citi downgrades the stock to neutral from buy on stretched valuations but raises its target price to S$2.80 from S$2.55 thanks to Sheng Siong's outlook. Shares last closed at S$2.63. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 02, 2026 19:08 ET (00:08 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"BK6034","symbol_name":"食品零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2616360126","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2616360126","pubTimestamp":1772496480,"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":"0008 GMT - Sheng Siong Group's valuations appear stretched, says Citi analyst Gan Huan Wen in a note. The Singapore-listed grocery retailer's 2026 outlook appears bright, as it could benefit from government vouchers while earnings should see a boost from stores opening this year, the analyst says. However, the stock is trading around two standard deviations higher than its historical average, and the company's upbeat prospects appear to already be priced in, he says. He also trims his 2026 and 2027 net profit projections by 2.0% and 1.0%, respectively, to factor in the retailer's full-year results. Citi downgrades the stock to neutral from buy on stretched valuations but raises its target price to S$2.80 from S$2.55 thanks to Sheng Siong's outlook. Shares last closed at S$2.63. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6034":"食品零售","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","BK6518":"食品和药品零售股","OV8.SI":"昇菘"},"translate_title":"升菘集团估值显得过高——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OV8.SI":1.5},"content_text":"0008 GMT - Sheng Siong Group's valuations appear stretched, says Citi analyst Gan Huan Wen in a note. The Singapore-listed grocery retailer's 2026 outlook appears bright, as it could benefit from government vouchers while earnings should see a boost from stores opening this year, the analyst says. However, the stock is trading around two standard deviations higher than its historical average, and the company's upbeat prospects appear to already be priced in, he says. He also trims his 2026 and 2027 net profit projections by 2.0% and 1.0%, respectively, to factor in the retailer's full-year results. Citi downgrades the stock to neutral from buy on stretched valuations but raises its target price to S$2.80 from S$2.55 thanks to Sheng Siong's outlook. Shares last closed at S$2.63. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 02, 2026 19:08 ET (00:08 GMT)\n\n\n  Copyright (c) 2026 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"}}}