Sheng Siong Group - DBS Research 2015-10-23: Coming together nicely

SHENG SIONG GROUP LTD OV8.SI 

Sheng Siong Group - Coming together nicely 

• 3Q15 earnings in line, driven by new stores 
• Store expansion on track, margins set to improve going forward, long-term drivers intact 
• Maintain BUY and S$1.01 TP 

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