---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000785825.md"
description: "$Sheng Siong(OV8.SG)Defensive Giant Hits All-Time High – More Upside Ahead?🤔Sheng Siong continues to stand out as one of Singapore’s best defensive picks. It recently broke past S$3.20 to trade around S$3.28, hitting a fresh record high after a steady multi-month climb.🔷Technical SnapshotBullish and Not Overstretched🟢 Strong uptrend: Price holds firmly above the 20‑day Bollinger midline at S$3.24, with buyers in control🟢 Healthy momentum: RSI ~59 – well below overbought levels, so there’s still room to run🟢 Robust buying: Hugging the upper Bollinger Band signals consistent institutional support🟢Watch levels: S$3.20–3.24 is immediate support; stronger floor at S$3.05–3.10. Up nearly 100% from 2024 lows, so pullbacks are normal.💰 Fundamental Snapshots:Solid Growth Behind the Rally1Q FY2026 results back the move:• Revenue +12.4% YoY to S$452.8M Net profit +12.6% to S$43.4M• Same‑store sales +3.5% Gross margin rose to 31.0%• Added 3 new stores; backed by population growth, HDB expansion, strong cash flow and steady dividends.⚠️ Key WatchoutValuation now trades at a premium to its historical average – much of Q1’s strong performance may already be priced in.🔷The VerdictFor holders: Trend stays bullish; keep an eye on S$3.20 support.For new buyers: Don’t chase at all‑time highs. It does not make sense to chase the high expecting it go higher. Wait for a decent pullback or clearer earnings confirmation. Next catalyst: 2Q FY2026 results due 23 July 2026 . It will confirm if momentum lasts.🙂Not financial advice. Do your DD."
datetime: "2026-07-10T00:24:40.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000785825.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000785825.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000785825.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# $Sheng Siong(OV8.SG)Defensive Giant Hits All-Time …


### Related Stocks

- [OV8.SG](https://longbridge.com/en/quote/OV8.SG.md)

## Comments (4)

- **TehCcc · 2026-07-10T02:35:37.000Z**: this counter never gives you a comfortable entry, it just keeps grinding up. the boring compounders quietly beat the exciting names over a full cycle
  - **Fattycat** (2026-07-10T02:43:16.000Z): I am waiting for opportunity to buy. Keep monitoring the share price. No FOMO now😉.
- **LazyCat · 2026-07-10T01:04:18.000Z**: Host: Congratulations! Four squares, what is your choice?Audience: A hundredfold! A hundredfold! A hundredfold! Up! Up!Naive investor: ...Market?
  - **Fattycat** (2026-07-10T02:42:19.000Z): I choose “Shi”🤣


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