---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000974085.md"
description: "$Sheng Siong(OV8.SG),  Singapore's favourite heartland hero has just dropped its Q3 26 results.  While its financials are as steady as an auntie rushing for the last pack of discounted eggs, its share price is having a mini meltdown.Sheng Siong's stock is down 10.65% year todate .  Why?  Because net profit grew a modest 1.8% to SGD 44.6 million on a 6.2% revenue jump to SGD 441.5 million.The market is spooked by rising labour costs, heavy supermarket promotions and the ghost of future competition from the upcoming Johor Bahru to Singapore RTS Link in 2027.But is this dramatic selloff a buying opportunity?What Sheng Siong Did Well:Sheng Siong grew its empire to 92 stores in Singapore, up from 84 last year.Gross Profit Margins actually improved to 32.2% thanks to a better sales mix and pushing high margins house brands.Even against a crazy high base from last year's SG60 voucher boom, Sheng Siong kept their revenue growing.  People still need to eat, no matter what the economy does.Is It A Buy?If you love a resilient business model, strong cash generation and buying quality companies like Sheng Siong when they go on sale, this pullback offers a very appetising entry point.Dear Fellow Investors, what do you think?  Share your thoughts on this.@Captain Leo"
datetime: "2026-11-06T11:24:31.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000974085.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000974085.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000974085.md)
author: "[koolgal](https://longbridge.com/en/profiles/2074993385495678976.md)"
generator: "portal-rs"
---

# $Sheng Siong(OV8.SG),  Singapore's favourite h…


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