Sheng Siong - Our Heartland Grocery Retailer | I3investor

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Sheng Siong - Our Heartland Grocery Retailer

StockFanatic

Publish date: Fri, 08 Aug 2014, 11:24 AM

Sheng Siong is the third largest supermarket chain operator in Singapore. It offers resilient earnings growth despite the challenging operating environment. In view of the improved sales growth and expanded gross profit margin in 2Q14, we think the company is poised for more structural growth going forward. Upgrade TP to SGD0.83 (from SGD0.74). Maintain BUY.

Sheng Siong (OV8)

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