Stock Track | Sheng Siong Soars 3.07% in Intraday Trading on Strong H1 Earnings
Stock Track
Jul 30
Sheng Siong Group's shares surged 3.07% during Thursday's trading session, driven by the company's robust first-half financial results for the 2026 fiscal year, which were released after the market closed on Wednesday.
The supermarket operator reported an 11.7% increase in net profit for the first half to S$80.8 million, up from S$72.3 million in the same period a year ago. Revenue grew 11.9% to S$855.4 million, from S$764.7 million, underpinned by the opening of 16 new stores and higher comparable store sales.
The strong earnings growth highlighted the company's successful expansion strategy and defensive consumer demand, providing a positive catalyst for the stock's upward movement.
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