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SHENG SIONG GROUP LTD OV8.SI Sheng Siong Group - Another One on the List
- 3Q15 results in line. Sales driven by five new stores added in Dec 2014 and 2015.
- New store in Queenstown to be opened in Nov 2015.
- Defensive business, highest margins among peers. Reiterate BUY with TP of SGD1.07, at 26x FY16E P/E. Expect catalysts from store openings.
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