Earnings Report /
Singapore

Sheng Siong Group Ltd: Market share spike

  • 3Q21 revenue and PATMI beat our estimates

  • 9M21 revenue and PATMI at 85%/91% of forecasts. Gross margins was a record 29%

  • FY21e revenue forecast is lifted 11% and gross margins increased by 0.5% points to 28.3%

Paul Chew
Paul Chew

Head of Research

PhillipCapital
1 November 2021
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