Consumers chose to dine at home to reduce excessive spending

 

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Analysts positive on Sheng Siong as inflationary pressures rise (13 Jul 2022, The Business Times)

• With rising inflation, Sheng Siong Group will see an increase in demand for its groceries, as consumers switch to more economical home-cooked meals, rather than spend on dining out • The easing of Covid-19 restrictions, which has led to a moderation in demand, will be offset by a boost in inflation-induced demand for the value-for-money supermarket chain, as consumers choose to dine at home to reduce excessive spending