Sheng Siong kept at 'buy' by DBS with higher target price of 90.5 cents

Stock Name: Sheng Siong
Company Name: SHENG SIONG GROUP LTD

Research House: DBS Vickers

Price Call: BUY

Target Price: 0.905

SINGAPORE (Apr 27): DBS Vickers Securities has raised target price for Sheng Siong Group to 90.5 cents from 83 cents previously.

The research house kept its "buy" call on the stock as the stock offers better margins and dividend yield than regional peers, coupled with cheaper valuations.

"We maintain buy on SSG with a total return (including dividend) of 15%," said DBS Vickers analysts Alfie Yeo and Andy Sim in a report dated April 24.