What's in store for Sheng Siong this year?

The impact from impending closures could be felt starting 3Q17.

After reporting a fairly resilient result for the past quarter, Sheng Siong is poised to brace for impact from its scheduled store closures.

According to OCBC Investment Research, Sheng Siong would feel the impact from the closures of its sites in The Verge in June and Woodlands in August starting the third quarter of the current year.

"Competition remains keen in the industry, whilst a handful of new stores are expected to be opened this year by Sheng Siong Group's peers," OCBC Investment Research said.

However, all hope is not lost for Sheng Siong as there are areas that would likely continue to help the group including the new stores that opened last year.

"Opportunities for opening new stores still exist," it noted.

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