Sheng Siong's new-store strategy may fall flat as consumer sentiment sours: analyst

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. read more