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Pandemic cooking dishes up Sheng Siong gains
Supermarket chain's Q3 profit soars 54.4% to $31.8m due to higher demand for groceries
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Sheng Siong, Singapore's third-largest supermarket chain with more than 60 stores across the island and a market capitalisation of $2.35 billion, found a niche among heartland residents and cost-conscious consumers, especially amid this uncertain economic climate.
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BUSINESS GO-GETTERS | Despite the economic slump this year, some Singapore firms have been able to seize opportunities and prevail against adversity, such as Sheng Siong, Sea and Ninja Van. The Straits Times looks at their business performance and the outlook ahead.
