Sheng Siong
Sheng Siong is a supermarket chain in Singapore that sells over 1,200 products under 18 house brands, ranging from food products to paper goods.
See below for the Latest Sheng Siong News, Analysis, Profit Results, Share Price Information, and Commentary.
Sheng Siong unit to acquire Jelita Property for $50.2m
Sheng Siong unit to acquire Jelita Property for $50.2m
It will fund the acquisition through internally generated funds.
Sheng Siong Group’s net profit rises 6.8% YoY to $70m in H1
Higher revenue drove the increase
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Sheng Siong net profit up 8.9% to $36.3m in 1Q24
The supermarket attributed the increase to better sales.
Gross profit climbs 4.3% in FY23 for Sheng Siong Group, net profit margins stable
The group’s earnings per share ended at 8.89 cents.
Sheng Siong Supermarket to offer counter-inflation discounts in 2024
This will help alleviate the effects of rising prices following the increase in GST.
Net profit of Sheng Siong jumps 5.7% YoY to $34.8m in 3Q23
The higher profit pushed the company's earnings per share up by 5.9% YoY.
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Sheng Siong Group records slight uptick in net profit in FY22
Its net profit rose 0.4% YoY to $133.6m.
Sheng Siong’s net profit up by 13.9% YoY in Q1
The group’s revenue also increased by 6% in the first quarter of 2022.
Sheng Shiong Group mulls opening 3 to 5 stores yearly
The opening of new stores is part of the group's plan to expand its footprint in SG.
Sheng Shiong net profit up 8.3% y-o-y to $34.4m for 3Q FY2021
Gross profit also saw a jump by 14.2% to $100.9m.
Sheng Siong buys new property in New World Centre for $17m
To date, the purchase is 10% paid.
Sheng Siong sets up 4th store in China
This brings its store count 67 across Singapore and China.
Sheng Siong's 'bad' store locations are growth areas: RHB Research
Analysts see opportunities in outlets located away from malls such as Fernvale Street and Edgedale Plains.
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