Sheng Siong has fallen from its highs. Can its defensive appeal endure?

Résumé détaillé

Its pullback offers an attractive entry point for investors seeking greater exposure to the domestic market

Its pullback offers an attractive entry point for investors seeking greater exposure to the domestic market

[SINGAPORE] Sheng Siong is going through a rough patch. The supermarket operator’s share price has tanked in the past week, hitting close to a one-year low of S$2.42 on Nov 2.

The trigger for the counter’s continuous slide since September was the company’s Q3 earnings update two weeks ago, when management warned that an increasingly competitive grocery retail landscape would cloud its earnings outlook for 2027.

This was despite a modest improvement in its Q3 net profit, which rose 1.9 per cent year on year to S$44.6 million for the period ended Sep 30.

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