Supermarkets

Hot and cold: Europe’s supermarkets hit by another fridge hack

2026-11-02T13:27:57.000Z
Sheng Siong currently has 92 stores in Singapore, up from 84 stores in Q3 2025.

Sheng Siong Q3 profit up 1.9% at S$44.6 million

2026-10-30T00:45:58.000Z
Les Mousquetaires, owner of retailer Intermarche, said that fridges at around 150 of its stores were heated up to 50 deg C for six hours overnight. A spokesperson said that all affected food had been discarded.

Hackers heat French supermarket fridges, sparking fires and spoiling food

2026-10-13T09:25:43.000Z
Maybank has lowered its forecast for new Sheng Siong stores in 2028 from five to four.
BROKERS’ TAKE

Sheng Siong shares fall 2.1% after Maybank downgrade, target price cut

2026-10-12T02:59:40.000Z
DBS says a sharper slowdown in Sheng Siong’s growth is likely in H2, due to a high base created by the SG60 vouchers.
BROKERS’ TAKE

DBS raises target price on Sheng Siong to S$3; expects earnings to ease once SG60 vouchers expire

2026-08-03T01:22:22.000Z
Hao Mart has been grappling with widening losses and a shrinking store network.

Supermarket and minimart chain Hao Mart faces fifth High Court lawsuit

2026-07-09T02:22:01.000Z
Sheng Siong has already secured three new outlets for the 2026 financial year, says RHB analyst Alfie Yeo.
BROKERS’ TAKE

DBS, RHB raise Sheng Siong target prices on expansion runway, CGSI holds steady

2026-05-05T02:53:26.000Z
Hao Mart's first outlet, which is in Whampoa, has been in operation for about 10 years.

Hao Mart shuts stores, sinks deeper into losses with four High Court lawsuits looming

2026-04-23T07:22:06.000Z
Certain items from specific countries could face temporary shortages or become less available, even as Singapore’s food supply remains stable, the Singapore Food Agency said.

From Thai jasmine rice to salmon: Singapore could see tighter supply of some foods amid Iran war

2026-04-22T00:00:00.000Z
Sheng Siong posted an 8.7% rise in net profit for the full year ended Dec 31, 2025 to S$149.5 million.
BROKERS’ TAKE

CGSI upgrades Sheng Siong to ‘add’; RHB raises target price on store outlook

2026-03-04T04:37:47.000Z