Sheng Siong's Sales Should Gain as Work-From-Home Trend Persists -- Market Talk
Sheng Siong's Sales Should Gain as Work-From-Home Trend Persists -- Market Talk
0702 GMT - Sheng Siong Group's supermarket sales stand to gain as the prevalence of working from home due to Singapore's Covid-19 restrictions remain, DBS Research says. "As Singapore enters the 'living with Covid-19' phase, full relaxation of restrictions is likely to take time," which should continue supporting supermarket sales, the bank says. DBS keeps a buy rating on the stock but lowers its target price to S$1.58 from S$1.77 to account for expectations of moderating sales once the country further relaxes domestic Covid-19 curbs. Shares are flat at S$1.42. (yongchang.chin@wsj.com)
0702GMT-星展研究公司表示，由於新加坡新冠肺炎限制導致的在家工作的盛行，生雄集團的超市銷售額有望增長。“隨着新加坡進入‘新冠肺炎共處’階段，全面放鬆限制可能需要時間，”該行表示，這應該會繼續支持超市銷售。星展銀行維持對該股的買入評級，但將其目標價從1.77新元下調至1.58新元，以考慮到一旦中國進一步放鬆對國內新冠肺炎的限制，銷售將放緩的預期。股價持平於1.42新元。(yongchang.chin@wsj.com)
譯文內容由第三人軟體翻譯。