Feb 23, 2017

Sheng Siong Chart with Support and Resistance

Sheng Siong is one of the largest supermarket chains in Singapore. The company’s network of 41 stores (as of Jul 2016) are primarily located at the heartlands of the island.


23 Feb 2017


Aug 2016
Revenue grew by 5.3% year-on-year, coming in at $188.8 million.
Profit growing by 11.3% year-on-year to $15.2 million.


Jan 2017
Supermarket chain Sheng Siong Group posts a 10.3% increase in earnings to $62.7 million for the full year ended Dec 31, from $56.8 million a year ago.
This was mainly due to higher revenue, improved gross profit margins, and higher other income, partially offset by higher operating expenses.
Full year revenue grew 4.2% to $796.7 million, from $764.4 million a year ago.



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