[New post] PhillipCapital: Sheng Siong Group Ltd – Accumulate TP $1.69

alanyeo posted: " 3Q21 revenue and PATMI beat our estimates. 9M21 revenue and PATMI at 85%/91% of forecasts. Gross margins was a record 29%.The closure of Jurong Fishery port and Pasir Panjang wholesale centre resulted in a surge in fresh food sales. Cautious consumers in" New post on Alpha Edge Investing PhillipCapital: Sheng Siong Group Ltd – Accumulate TP $1.69 by alanyeo 3Q21 revenue and PATMI beat our estimates. 9M21 revenue and PATMI at 85%/91% of forecasts. Gross margins was a record 29%. The closure of Jurong Fishery port and Pasir Panjang wholesale centre resulted in a surge in fresh food sales. Cautious consumers in visiting wet markets was another trigger. We raised FY21e PATMI by 15% […] Read more of this post alanyeo | November 2, 2021 at 11:28 am | Tags: Sheng siong | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-5Nq Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2021/11/02/phillipcapital-sheng-siong-group-ltd-accumulate-tp-1-69/