Daily BriefsSingapore

Daily Brief Singapore: Sheng Siong, OCBC and more

In today’s briefing:

  • Sheng Siong Group Ltd: Inflection Point for a Great Performer
  • Retail Investors’ Bold Moves Amid STI’s Volatile April


Sheng Siong Group Ltd: Inflection Point for a Great Performer

By Tan Yee Peng

  • We analysed Sheng Siong’s success over the years to see what its secret sauce is and what made the retailer so successful.

  • It has punched its weight above its competitors with a set of strong financial metrics. Its ability to generate free cash flow and achieve a high return on equity are truly impressive.

  • However, Sheng Siong is at an inflection point now as its revenue and net profit have stagnated since the pandemic. 


Retail Investors’ Bold Moves Amid STI’s Volatile April

By Geoff Howie

  • Retail investors net bought S$1.165 billion in Singapore stocks in early April, primarily DBS, OCBC, and UOB.
  • Retail net buying reversed by S$253 million after April 14, with Singtel being the most net sold stock.
  • IMF downgraded 2025 global growth outlook to 2.8%, citing trade tensions and potential impacts on ASEAN growth.

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