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Market UpdatesSingapore SGX stocks

Sheng Siong Group (SSG) Stock Analysis 2025: Strong Growth, Expansion & Investment Outlook in Singapore Supermarket Sector

Posted on October 13, 2025 at 10:29 am (GMT+8)

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Broker Name: Maybank Research Pte Ltd
Date of Report: October 10, 2025
Excerpt from Maybank Research Pte Ltd report.

Report Summary

  • Sheng Siong Group (SSG), Singapore’s second largest grocery retailer, is well-positioned for multi-year growth, backed by Singapore’s construction boom, population growth, and government support measures that are fueling resilient consumption.
  • SSG has outpaced competitors by opening 10 new stores year-to-date, expanding its operational efficiency with a new distribution centre, and maintaining strong margins and growth profile, resulting in a reiterated BUY call with a 12-month price target of SGD 2.30 (+12%).

Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank Research website : www.maybank-keresearch.com

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