Singapore Stock Market News
Sheng Siong Group - Chugging along nicely
StockFanatic
Publish date: Thu, 24 Oct 2013, 02:22 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
3Q13 core earnings is in line and
forms 27% of our and consensus
full-year estimates, while 9M13
forms 74%. We tweak our estimates
as a result of housekeeping. There is
no change to our target price, which
is still based on 23x CY14 P/E (10%
discount to Dairy Farm). Catalysts
are to come from earnings delivery
led by new stores and margin
expansion. We maintain our
Outperform rating.
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