Sheng Siong Group is likely to gain from the Singapore government's latest measures to support households amid the Middle East conflict, CGS International analysts say. Government vouchers will be given out in June 2026 instead of January 2027. As Singapore's government expects inflation to rise higher than its earlier forecasts, consumers will increasingly gravitate to value-for-money options, such as Sheng Siong. CGS International maintains an add rating on the stock, but raises its target price to S$3.40 from S$2.97. Shares are last 3.7% higher at S$3.08. (amanda.lee@wsj.com)
Sheng Siong Group Likely to Gain From Latest Government Measures — Market Talk
Earlier from Sheng Siong
- Sheng Siong Group Posts FY Net Profit S$149.2 Million
- Sheng Siong Redesignates Fan Hongbo As CFO
- Sheng Siong Group: Strong revenue and profit growth in 3Q FY2025, supported by network expansion and stable margins
- Sheng Siong Group: Revenue and net profit rose on new store growth, with continued expansion and stable dividends