Sheng Siong Group's Earnings Outlook Appears Strong — Market Talk

Sheng Siong Group's earnings outlook appears strong, RHB Research's Alfie Yeo says in a research report. This year's growth is expected to be fueled by the full 12-month earnings contribution from the 12 new stores it opened last year, the analyst says. The supermarket chain operator has already secured three new outlets for 2026, and is awaiting results for five other tenders, the analyst says. The company is also likely to bid for two more tenders in the next 6-12 months. RHB Research raises the stock's target price to S$3.45 from S$3.02, based on an estimated 28x blended 2026-2027 P/E to reflect more market penetration, with an unchanged buy rating. Shares are 1.3% higher at S$3.08. ([email protected])