Broker Name: DBS
Date of Report: Not specified
Excerpt from DBS report.
Report Summary:
- Government voucher initiatives (SG60 and CDC Vouchers) are expected to boost industry growth for Sheng Siong in the near term, but these effects may taper off as inflation eases and future support becomes more targeted.
- Sheng Siong’s valuation appears stretched, with limited upside and technical indicators suggesting possible overextension; DBS recommends selling into strength.
Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com.sg
