$Soon Hock(SHE.SG)Soon Hock's share price climbed from around S$0.56 after its IPO to a high of about S$0.655 earlier . Some investors may simply be locking in profits after the strong run.The stock went ex-dividend in late June 2026. On the ex-dividend date, a share price typically falls by approximately the dividend amount because new buyers are no longer entitled to receive that dividend.FY2025 earnings were boosted by revenue recognition from completed projects, particularly Stellar@Tampines. While the reported results were strong, investors are now focused on whether the company can sustain earnings growth from its next projects.Some analysts expect earnings to moderate over the next few years because property development earnings are project-based and can be uneven from year to year. This may have made some investors more cautious despite the company's healthy project pipeline.The next key catalyst will be the company's upcoming financial results and updates on the sales and construction progress of its development projects. Hopefully management can demonstrates that the earnings pipeline remains healthy, that could help improve investor sentiment.