{
  "id": 16534259,
  "title": "Hidden value: Why SGX consumer stocks deserve a closer look",
  "url": "https://urgent.news/2026/10/25/hidden-value-why-sgx-consumer-stocks-deserve-a-closer-look",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-25T23:00:00.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/uncovering-the-singapore-bourse/hidden-value-why-sgx-consumer-stocks-deserve-closer-look"
  },
  "original_language": "en",
  "account": "In March 2025, Singaporean coffee shop operator Kimly made two acquisitions of coffee shops in HDB estates, each with an additional rental flat. These deals totaled S$24.2 million, a relatively minor development compared to the company's overall portfolio. Kimly operates over 90 outlets throughout HDB estates, holding an estimated 9 percent of Singapore's coffee shop market.\n\nThe company's property and rental revenue from these investments has grown by over 40 percent in the last six months, reaching S$5.1 million. Meanwhile, the Singapore Exchange (SGX) consumer staples sector has seen modest returns, with most other major players experiencing slight declines.\n\nDespite the market's focus on artificial intelligence, Singapore's everyday consumer stocks have remained steady. Notably, Food Empire has struggled, with institutions net-sellers withdrawing S$35.6 million this year. Meanwhile, Food Empire has put S$16.1 million into DFI Retail, which has returned 1 percent year-to-date, and S$10.1 million into Sheng Siong, which has seen a more positive outcome with an 11.4 percent return.\n\nSheng Siong's success is attributed to new store openings, higher margins, and the impact of government vouchers on consumer spending. However, the shares have become expensive, trading at around 28 times earnings. Some analysts argue that the current valuation overstates the company's future earnings potential, particularly given recent geopolitical risks related to its Russian operations.",
  "summary": "Fund money is quietly moving from the consumer names everyone knows to the ones they have overlooked",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}