CGS-CIMB Sticks to Its Hold Rating for Sheng Siong Group Ltd. (OV8)
CGS-CIMB maintains its Hold rating for Sheng Siong Group Ltd. (OV8), with a price target of S$2.50, indicating a potential upside of 1.21%. Analyst Siew Khee, known for a 10.6% average return and 57.14% success rate, covers the Industrials sector. The consensus for Sheng Siong is Moderate Buy, but TR | OpenAI downgraded it to Hold with the same price target on October 24.
According to TipRanks, Siew Khee is a 4-star analyst with an average return of 10.6% and a 57.14% success rate. Siew Khee covers the Industrials sector, focusing on stocks such as Yangzijiang Shipbuilding (Holdings), ST Engineering, and Keppel Corporation Limited.
Sheng Siong Group Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of S$2.50, which is a 1.21% upside from current levels. In a report released on October 24, TR | OpenAI – 4o also downgraded the stock to a Hold with a S$2.50 price target.
