Ever since the government raised the DORSCON level to Orange in February and encouraged people to work from home, analysts and investors alike have been very bullish on supermarket stocks like Dairy Farm (SGX:D01) and Sheng Siong (SGX:OV8). However, if you look at the stock price movements over the last one year, we can clearly see that Dairy Farm’s has been on a steady decline, while Sheng Siong is quite the opposite! Why is that? Also, why did Sheng Siong’s price sport a significant increase in April? A Different Set of Interim Performances While both stocks had fallen heavily in late March as the number of COVID-19 cases and economic outlook worsened, the two also recovered in April as the circuit breaker was implemented and things seemed like they were under control. However, stock movements diverged as interim performance updates for both companies were released on 28th April 2020....