Sheng Siong

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Sheng Siong overview

Find out about the retailer's strategic priorities, commercial focus areas, channel and country presence.

Sheng Siong: at a glance

See data on the retailer’s performance and forecasts for its operations by channel.

Singapore Country Presentation

This guide to Singapore explores the key trends in grocery retail, the outlook for the country’s differing channels over the five year forecast period and the growth strategies of its leading retailers.

Asia retail outlook 2020

Get up to speed on all of the latest retailer results, the insight into what is driving growth and IGD's five big trends to watch in Asia in 2020.

Latest News

Coronavirus (COVID-19): latest updates from Singapore

Following the outbreak of Coronavirus (COVID-19) three months ago, retailers in Singapore have responded with urgency and empathy as the situation evolves - we will continue to update this article with the latest developments...

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Singapore: Sheng Siong reports 50% rise in profit for Q12020

Sheng Siong has generated a 49.9% year-on-year increase in net profit to SGD29m (US$20.6m) for Q1 2020. It is driven by growth in revenue, better gross margin and higher other income arising from elevated grocery demand due to the COVID-19 pandemic. Revenue grew 30.7% Revenue growth by LFL sales contributed 19.7%, new stores contributed 9% and stores in China contributed 2%. The group start...

Sales revenues improved by 11.1% versus same period, last year. Store openings helps growth For the first nine months of 2019, Singapore supermarket operator Sheng Siong reported sales revenues of SGD743.4m, an increase of SGD74.2m from last year’s same period revenues of SGD669.1m. As a result of improving sales revenues, net profits correspondingly rose to SGD58.4m, an increase of 10% ver...

In 2018, Sheng Siong opened 10 new stores, bringing its total store count to 54 and total retail area to more than 46,000 sq m. We recently visited its store in Junction 10, Woodlands Road and bring you some in-store highlights. Source: IGD Research Located in a shopping mall near the Bukit Panjang MRT station, this 1,900 sq m store contains a wide range of fresh foods as well as packag...

Sales revenues improved by 10.1% versus last year. New stores boost earnings For the first quarter of 2019, Sheng Siong Group reported revenues of SGD251.4m, an increase of 10.1%, as well as net profits of SGD19.4m, a rise of 5.9%. The positive results were attributed to the opening of 10 new stores in 2018. Although like-for-like store sales contracted by 1%, new stores contributed to 1...

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