(March 19 14:18) Sbr.com.sg
Submitted By:
Danielle Isaac
Case Study:
No
It opened 10 new stores in 2018, the highest figure since 2012.
Even though Sheng Siong Group’s earnings tend to fare better than other consumer-discretionary stocks, the risk of souring consumer sentiment poses a downside risk to its comfortable position, according to Maybank Kim Eng, especially when consumers are tightening their purses against a backdrop of slower GDP and slow-to-stagnant wage growth.
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