Food Retail

Sheng Siong

DBS and RHB raise Sheng Siong's target price, CGSI maintains target price

Sheng Siong released FY2026 Q1 earnings on April 29, 2026 (SGT) with actual revenue of SGD 452.8 M and EPS of SGD 0.0287

Sheng Siong Group Announces First Quarter Financial Results

Sheng Siong Publishes 2025 Fiscal Year Report, Emphasizing Company Resilience and Business Expansion

Sheng Siong released FY2025 annual earnings on February 27, 2026 (SGT), actual revenue SGD 1.57 B (forecast SGD 1.572 B), actual EPS SGD 0.0994 (forecast SGD 0.1)

Sheng Siong released FY2025 Q4 earnings on February 27, 2026 (SGT) with actual revenue of SGD 389.78M and EPS of SGD 0.0221

Sheng Siong Group Sees 8.5% Net Profit Growth in 2025 and Forecasts Retail Growth in 2026

Sheng Siong Awards Gold Coins to Long-Serving Employees

Paul Zhou Gives Sheng Siong Group a Buy Rating, Citing Strategic Expansion and Growth Potential

DBS analyst expects continuing growth in Sheng Shong Group's performance

Sheng Siong released FY2025 9-month earnings on October 30, SGT, with actual revenue of SGD 1.18 B and actual EPS of SGD 0.0772

Sheng Siong released FY2025 Q3 earnings on October 30, 2025 (SGT) with actual revenue of SGD 415.51M and EPS of SGD 0.0291

Sheng Siong Raises Target Price to $2.60 and Maintains Buy Recommendation

Lim Siew Khee Rates RiseS Group As Hold

Sheng Shong Uses Facial Recognition Technology to Reduce Store Thefts and Failed Transactions Losses

Sheng Siong plans to open a new store at Orchard Road by the end of August

Sheng Siong released FY2025 Q2 earnings on July 30 (SGT), actual revenue SGD 361.71 M, actual EPS SGD 0

Sheng Siong released FY2025 Semi-Annual earnings on July 30, 2025 (SGT) with actual revenue of SGD 764.68 M and EPS of SGD 0.0481

ShengSong Reports 3.5% Net Profit Growth in First Half of 2025

Sheng Siong Group Acquires DFI's Supermarket Business

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OCBC's acquisition in Indonesia aims to enhance its wealth management and fee income amid lending margin pressures. The Monetary Authority of Singapore (MAS) has gathered bank CEOs to address AI-related cyber threats. Singapore's retail sales increased by 4.8% in March, slowing from February's surge. Industry leaders warn Southeast Asia may miss the global semiconductor boom without faster investments. Analysts at DBS and RHB have raised target prices for Sheng Siong following strong Q1 results, indicating a positive outlook for expansion.

Businesstimes News

OCBC Bank

DBS Group

Daily Debrief: What Happened Today (May 5)

Analysts at DBS and RHB have raised their target prices for Sheng Siong following strong Q1 results, with net profit up 12.6% to S$43.4 million. RHB increased its target from S$3.02 to S$3.45, while DBS raised its target from S$2.60 to S$2.80. CGSI maintained its target at S$3.40, citing potential cost pressures from rising fuel and freight costs. Analysts expect stronger performance due to new store openings, but caution that earnings momentum may moderate in the coming quarters.

DBS, RHB raise Sheng Siong target prices on expansion runway, CGSI holds steady

DBS analyst Zheng Feng Chee has maintained a Hold rating on Sheng Siong Group Ltd. with a price target of S$2.80. Feng Chee, a 2-star analyst, has an average return of 0.0% and a 60.55% success rate. The overall analyst consensus for Sheng Siong Group Ltd. is a Moderate Buy, with an average price target of S$2.98.

Tip Ranks

Food Empire

Coca Cola

Sheng Siong Group Ltd. (OV8) Gets a Hold from DBS

Sheng Siong Group (SGX:OV8) reported Q1 2026 earnings with sales of S$452.8 million and net income of S$43.21 million, up from S$402.97 million and S$38.57 million a year prior. The current share price is S$3.03, reflecting a P/E ratio of 30.5x, which is higher than industry averages, suggesting overvaluation. However, a DCF analysis indicates a fair value of S$3.50 per share, implying a potential upside. Investors are advised to consider both valuation metrics and market conditions before making decisions.

Simplywall

Assessing Sheng Siong Group (SGX:OV8) Valuation After Strong Q1 2026 Earnings Performance

Sheng Siong reported a 12.6% increase in Q1 net profit to S$43.4 million, driven by a 12.4% rise in revenue to S$452.8 million, attributed to new store openings and festive sales. Gross profit rose 15% to S$140.3 million. Despite higher operating costs, the company plans to open more stores and refine its sales mix to enhance efficiency and mitigate costs. The stock closed at S$2.99, down 0.7%.

Sheng Siong Q1 net profit up 12.6% on stronger sales

Sheng Siong, a Singapore supermarket chain, is committed to keeping essential items affordable despite rising costs due to the Iran war. In a recent filing, the company stated it does not foresee major supply disruptions but acknowledges potential upward pressure on prices. Sheng Siong is managing risks through diversified sourcing and plans to expand its house brands, which contribute significantly to profit margins. The company is also exploring new store opportunities while adapting its strategies to remain competitive amid changing consumer behaviors and market conditions.

Asiaone

Sheng Siong working to keep prices affordable despite Iran war impact on costs