0826 GMT - Sheng Siong Group is poised for a stronger performance in 2H this year and 1H next year, thanks to the timing of the Singapore government's voucher distribution, DBS Group Research analysts say in a note. The cash voucher handouts could accelerate a consumer shift toward eating at home rather than dining out, they write. While the supermarket-chain operator isn't actively attracting voucher usage, its competitive pricing should drive consumer spending at its stores, they say. DBS raises its 2025 revenue forecast for Sheng Siong to S$1.54 billion from S$1.52 billion, citing factors including new-store openings last year. It also increases the stock's target price to S$1.90 from S$1.80 while maintaining a buy rating. Shares are flat at S$1.64. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 03:26 ET (08:26 GMT)
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