A solid set of results
Sheng Siong reported a solid set of financial results for the first half of 2025 (1H 2025). Revenue rose 7.1% year on year to S$764.7 million. Operating profit increased by 4.7% year on year to S$84.8 million as selling and distribution expenses jumped nearly 14% year on year. The retailer’s net profit stood at S$72.3 million, up 3.5% year on year. The group continued to maintain a rock-solid balance sheet...The Straits Times Index (SGX: ^STI) achieved new records last month as the index broke past both the 4,000 level and the 4,200 mark.
But it’s not just the bellwether blue-chip index that is doing well.
Sheng Siong (SGX: OV8) did even better as its share price surged 28.9% year-to-date, allowing the retailer to attain a new all-time high of S$2.23.
However, the group’s share price has since declined to S$2.10 because of profit-taking.
Can investors expect the supermarket operator to continue doing well? Will its share price go on to break new records?
