EL7.AI
StocksMedium•2 November 2026•
2 min read

Sheng Siong shares fall 7.9% as third-quarter profit rises to S$44.6 million

Key Facts

1Third-quarter net profit was S$44.6 million, according to The Straits Times.
2Third-quarter revenue rose 6.2% to S$441.5 million.
3Shares fell as much as 7.9% in early trading on 2 November 2026.
4Net profit rose 11.9% to S$81.0 million in the first half of fiscal 2026.

Shares of Singapore retailer Sheng Siong fell as much as 7.9% in early trading on Monday, 2 November 2026, after it reported third-quarter results, according to The Business Times. The company posted net profit of S$44.6 million for the quarter ended 30 September, up 1.9%, according to The Straits Times’ rounding. Revenue rose 6.2% year on year to S$441.5 million. Sheng Siong operates supermarkets in Singapore, according to its press release. Revenue grew faster than profit in the quarter, while available reports did not provide details explaining the share move beyond its timing after the results.

A comparison with the first half shows a difference in the pace of profit growth in fiscal 2026. Net profit for the six months ended 30 June rose 11.9% to S$81.0 million, according to the company’s statement. Third-quarter net profit growth was 1.9%, according to The Straits Times’ rounding. The company said continued promotions could weigh on revenue and profit margins. Wage increases, transport costs and diesel prices also kept operating expenses elevated, according to its statement; it did not describe these pressures as a warning of intensifying competition in themselves.

The company links some future risks to cross-border shopping and price pressure. In a statement issued in July, it said the Johor Bahru-Singapore Rapid Transit Link could increase price competition for some packaged goods and household products, while the actual impact remained uncertain and would depend on prices, exchange rates and consumer behaviour. Singapore’s Ministry of Transport aims to begin passenger services by December 2026, with a journey of about 5 minutes between Woodlands North and Bukit Chagar stations. The Straits Times reported that the company sees competition, promotions and the upcoming link as potentially increasing cross-border shopping and price pressure, alongside continued wage pressures linked to the progressive wage model. Sheng Siong said its new distribution centre in Sungei Kadut was designed to support a network of more than 120 stores and is expected to be completed by 2029.