Pre Market: Sunright Limited S71.SI (SES) up 8.89% to S$0.245 16 Jan 2026: spike
S71.SI stock opened the pre-market session on 16 Jan 2026 with a sharp price uptick of 8.89% to S$0.245. The move arrived with a relative volume of 1.52x the average, signalling above-normal interest despite absolute trades of 200.00 shares. Investors should note the price sits above the 50-day average S$0.22 and 200-day average S$0.21, while fundamentals show mixed cash strength and negative net income per share. We track price drivers, technical setup, and Meyka AI model forecasts to outline short-term scenarios.
S71.SI stock: pre-market price action and volume
Sunright Limited (S71.SI) is trading on the SES in Singapore and is up 8.89% pre-market to S$0.245. The stock opened at S$0.22 and hit an early high of S$0.245. Reported session volume: 200.00 versus avg volume 13,141.00 gives a relative volume of 1.52x, indicating active order flow compared with typical session patterns.
Higher relative volume with a price rise can reflect fresh buy interest or short-covering in a thinly traded name. For high volume movers, monitor post-open liquidity and bid-ask spread, since low absolute volume can magnify price moves.
Fundamentals snapshot and valuation
Sunright Limited shows a market cap of S$30,701,500.00 and reported EPS -0.05 with a trailing PE of -5.00, reflecting negative earnings. Key valuation metrics include P/S 0.40 and P/B 0.44, which signal cheapness versus book and sales on headline multiples.
Balance-sheet strength is notable: cash per share S$0.68, current ratio 3.79, and interest coverage 31.27. Free cash flow per share is 0.01, while ROE is negative at -8.28%. These mixed signals mean cheap valuation but earnings weakness and cyclic exposure in semiconductors.
Technical read and short-term setup
Momentum indicators show neutral to constructive signs. RSI 56.43 sits below overbought. ADX at 31.25 indicates a strong trend presence. Bollinger Bands mid is S$0.22, with upper S$0.23 and lower S$0.21, so the current price trades near the upper band.
Stochastic readings (%K 91.67, %D 94.44) suggest short-term overbought conditions. Traders should watch support at S$0.22 (50-day MA) and resistance near the year high S$0.265. Volume confirmation at market open is critical for follow-through.
Meyka grade, model forecast and price targets
Meyka AI rates S71.SI with a score out of 100: 62.54 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects monthly S$0.22 and yearly S$0.2054674248. Compared with the current S$0.245, the model implies a monthly downside of -10.20% and yearly downside of -16.13%. Forecasts are model-based projections and not guarantees.
Price-target scenarios (analyst-style): Bear S$0.18, Base S$0.24, Bull S$0.30. Use these as reference points, and note we found no consensus published price target for Sunright today.
Sector context, peers and catalysts
Sunright operates in the Semiconductors segment within the Technology sector. The local Technology sector has shown strong momentum YTD +13.43%, which can lift small-cap chip-test names on risk appetite.
Key catalysts to watch: contract wins for burn-in and test services, orders from assembly customers, and quarterly earnings or an operational update. Negative catalysts include weaker chip demand and margin pressure from capacity or pricing changes.
Risks, liquidity and trade ideas
Primary risks: negative trailing earnings (EPS -0.05), negative ROE, small market cap, and thin absolute liquidity. Shares outstanding are 122,806,000.00 which limits large-block trading without price impact.
For traders: consider size limits and use limit orders. For longer-term investors: monitor consecutive quarters of EBITDA recovery and order-book visibility. Diversify within the Technology sector to manage idiosyncratic risk.
Final Thoughts
S71.SI stock shows a sharp pre-market uptick to S$0.245 on 16 Jan 2026 with a 1.52x relative volume signal. Technicals show a trend with momentum, but stochastic readings warn of a short-term overbought state. Fundamentals are mixed: strong cash buffers and a high current ratio but EPS -0.05 and negative ROE. Meyka AI’s model projects yearly S$0.20547, implying -16.13% versus today’s price; monthly projection S$0.22 implies -10.20%. Our scenario targets range from S$0.18 (bear) to S$0.30 (bull). Given thin liquidity and small market cap, traders should prioritise size discipline and watch post-open volume for confirmation. Meyka AI provides this as an AI-powered market analysis platform; forecasts and grades are model outputs, not guarantees or investment advice.
FAQs
What drove the pre-market move in S71.SI stock today?
The pre-market rise to S$0.245 was driven by higher relative volume (1.52x) and short-term buying interest. No company announcement was filed; price action likely reflects order flow and sector momentum in Technology.
What is Meyka AI’s forecast for S71.SI stock?
Meyka AI’s forecast model projects monthly S$0.22 and yearly S$0.2054674248, implying -10.20% and -16.13% versus the current price. Forecasts are model-based projections and not guarantees.
Is Sunright Limited a buy for long-term investors?
Sunright shows attractive valuation metrics (P/B 0.44, P/S 0.40) and strong liquidity ratios, but negative EPS and ROE raise caution. Consider HOLD with monitoring of earnings recovery and contract wins before increasing exposure.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
