---
title: "Sheng Siong shares tumble as much as 6% after OCBC downgrade"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275538644.md"
description: "Sheng Siong shares fell by 6% to S$2.68 following an OCBC downgrade to a \"hold\" rating. The stock's previous close was S$2.85, and it had risen 60% in 2025, outperforming the Straits Times Index. OCBC analyst Chu Peng noted the stock's high valuation with a forward P/E ratio of 24.8, above its historical average of 19.6. The fair value estimate was raised from S$2.77 to S$2.89. Sheng Siong will announce its financial results on Mar 2."
datetime: "2026-02-11T02:05:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275538644.md)
  - [en](https://longbridge.com/en/news/275538644.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275538644.md)
generator: "portal-rs"
---

# Sheng Siong shares tumble as much as 6% after OCBC downgrade

\[SINGAPORE\] Shares of Sheng Siong dropped as much as 6 per cent on Wednesday (Feb 11), two days after OCBC downgraded the stock.

The counter went as low as S$2.68 as at 9.10 am, falling S$0.17 from its previous closing price of S$2.85.

OCBC analyst Chu Peng on Monday downgraded it to a “hold”, with its last closing price then at S$2.90.

While Sheng Shiong shares rose about 60 per cent in 2025, outperforming the Straits Times Index’s 23 per cent gain, Chu said the supermarket chain’s “valuations look demanding”. The analyst noted that the stock has a forward price-to-earnings ratio of 24.8, which is more than two standard deviations above its historical 19.6 average.

“We maintain our earnings forecasts but raise fair value estimate from S$2.77 to S$2.89 on lower cost of equity assumption,” said the note. 

Sheng Siong is set to release its financial results on Mar 2.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**