Sheng Siong Group's earnings growth is likely to be lifted by its new store openings, RHB Research analyst Alfie Yeo says in a report. The supermarket chain operator's 2026 growth should be driven by full 12-month earnings contributions from its opening of 12 new stores in 2025. Its 2027 growth will also likely be boosted by at least seven new outlets opening this year, he notes.RHB raises its target price for the stock to 3.59 Singapore dollars from S$3.45, while maintaining a buy rating. Shares are up 4.4% at S$3.33.(amanda.lee@wsj.com)
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Sheng Siong's Earnings Growth Likely to Be Lifted by Store Openings — Market Talk
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Sheng Siong Group's earnings growth is likely to be lifted by its new store openings, RHB Research analyst Alfie Yeo says in a report. The supermarket chain operator's 2026 growth should be driven by full 12-month earnings contributions from its opening of 12 new stores in 2025. Its 2027 growth wil…