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Sheng Siong shares slide 4.2% after OCBC ratings downgrade
The Straits Times
|February 12, 2026
While group's defensive strength is intact, its valuations appear stretched, says analyst
OCBC equity research analyst Chu Peng said the Sheng Siong group ended 2025 strongly, with its share price rising some 60 per cent. However, she noted that the stock is currently trading at a 12-month forward price-to-earnings ratio of 24.8 times, which is above its historical average of 19.6 times. ST FILE PHOTO
(ST FILE PHOTO)
Shares of supermarket chain Sheng Siong slid 4.2 per cent on Feb 11 after OCBC released a report this week giving it a ratings downgrade.
The stock was trading at $2.74 around noon, down 11 cents from its opening price of $2.85. It ended the day at $2.73, down 4.2 per cent.
OCBC's report out on Feb 9 downgraded its call on Sheng Siong to "hold".
OCBC equity research analyst Chu Peng said the group ended 2025 strongly, with its share price rising some 60 per cent.
This story is from the February 12, 2026 edition of The Straits Times.
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