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.
Supermarket earnings to defy wider retail slump as essential demand holds
Supermarket earnings to defy wider retail slump as essential demand holds
Grocery retailers are expected to grow earnings 9% annually through 2028.
Sheng Siong delivers double‑digit Q1 net profit growth from store expansion
Gross margin improves whilst costs rise as Singapore same-store sales gain offsets weaker China contribution.
CapitaLand Ascott Trust, Sheng Siong join STI reserve list
They replaced Olam Group and Yangzijiang Financial Holding.
Sheng Siong Group Q3 net profit surges to $43.8m
The group had a net profit of $116.1m for the past nine months.
Sheng Siong Group earns $415.5m revenue in Q3 amidst store expansion
The firm opened 90 stores and saw a 4.4% YoY improvement in store sales during the quarter.
Grocery firms' earnings resilient on global supply flexibility
Food procurement costs due to US tariffs can be mitigated through alternative markets.
Sheng Siong CEO Lim Hock Chee’s compensation up over 20% in FY 2024
This was despite a slight decrease in his basic salary.
Sheng Siong profit inches up 2.6% in FY2024
Revenue also increased 4.5% YoY.
Premium grocery market rebounds with shifting F&B trends
DFI and Sheng Siong may benefit from an uptick in grocery spending.
New stores and sales lift Sheng Siong’s Q3 profit by 12.4% YoY in Q3
It now has 79 stores.
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
How are Singapore food producers faring in sustainable sourcing?
F&N was the top-performing Singapore-listed food producer in sustainable sourcing.
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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