Sheng SiongThe High-Impact Catalyst
$Sheng Siong(OV8.SG) just hit a 52-week high of $3.25 following the government’s latest support measures.
💵 $1B Energy Support Package:
The government is bringing forward $500 in CDC Vouchers to June 2026.
Direct Beneficiary:
As a heartland supermarket giant, Sheng Siong is the primary destination for these vouchers, driving massive anticipated footfall and revenue for Q2/Q3.
The Upgraded Outlook
Price Target: Major analysts (CGS & PhillipCap) have aggressively hiked targets, with some reaching as high as $3.40.
A defensive play that turned into a growth breakout. Definitely holding for the $3.40 target and the May dividend.
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