Sheng Siong's Growth Set to Be Driven by Strong Store Openings -- Market Talk

Dow Jones

03/04

0731 GMT - Sheng Siong Group's growth is poised to be driven by strong openings of 12 new stores in 2025, RHB Research's Alfie Yeo says. The supermarket chain operator's same-store sales growth should accelerate in 2026 as the new stores are expected to contribute full 12-month earnings from this year. The outlook for new store openings remains buoyant, with four Housing & Development Board outlets pending bid results, three HDB outlets available for bidding and two HDB outlets expected for tender in 2H 2026. RHB Research raises the stock's target price to S$3.02 from S$2.72 to reflect a higher P/E valuation, with an unchanged buy rating. Shares are unchanged at S$2.61. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 04, 2026 02:31 ET (07:31 GMT)

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The supermarket chain operator's same-store sales growth should accelerate in 2026 as the new stores are expected to contribute full 12-month earnings from this year. The outlook for new store openings remains buoyant, with four Housing &amp; Development Board outlets pending bid results, three HDB outlets available for bidding and two HDB outlets expected for tender in 2H 2026. RHB Research raises the stock's target price to S$3.02 from S$2.72 to reflect a higher P/E valuation, with an unchanged buy rating. Shares are unchanged at S$2.61. 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The supermarket chain operator's same-store sales growth should accelerate in 2026 as the new stores are expected to contribute full 12-month earnings from this year. The outlook for new store openings remains buoyant, with four Housing &amp; Development Board outlets pending bid results, three HDB outlets available for bidding and two HDB outlets expected for tender in 2H 2026. RHB Research raises the stock's target price to S$3.02 from S$2.72 to reflect a higher P/E valuation, with an unchanged buy rating. Shares are unchanged at S$2.61. (ronnie.harui@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 04, 2026 02:31 ET (07:31 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":"SGXZ43160589.SGD","symbol_name":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2616584759","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2616584759","pubTimestamp":1772609460,"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":"0731 GMT - Sheng Siong Group's growth is poised to be driven by strong openings of 12 new stores in 2025, RHB Research's Alfie Yeo says. The supermarket chain operator's same-store sales growth should accelerate in 2026 as the new stores are expected to contribute full 12-month earnings from this year. The outlook for new store openings remains buoyant, with four Housing & Development Board outlets pending bid results, three HDB outlets available for bidding and two HDB outlets expected for tender in 2H 2026. RHB Research raises the stock's target price to S$3.02 from S$2.72 to reflect a higher P/E valuation, with an unchanged buy rating. Shares are unchanged at S$2.61. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","BK6034":"食品零售","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","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD"},"translate_title":"升菘集团的增长将受到强劲开店的推动——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OV8.SI":1.5},"content_text":"0731 GMT - Sheng Siong Group's growth is poised to be driven by strong openings of 12 new stores in 2025, RHB Research's Alfie Yeo says. The supermarket chain operator's same-store sales growth should accelerate in 2026 as the new stores are expected to contribute full 12-month earnings from this year. The outlook for new store openings remains buoyant, with four Housing & Development Board outlets pending bid results, three HDB outlets available for bidding and two HDB outlets expected for tender in 2H 2026. RHB Research raises the stock's target price to S$3.02 from S$2.72 to reflect a higher P/E valuation, with an unchanged buy rating. Shares are unchanged at S$2.61. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 04, 2026 02:31 ET (07:31 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"}}}