Why did Sheng Siong shares fall today?

The pullback followed an OCBC downgrade to Hold on valuation. The broker flagged a 24.8x forward P/E versus a 19.6x historical average, implying limited near-term upside. Shares closed at S$2.73, down 4.2%, as investors locked in gains after a strong 12‑month run and awaited FY2025 results.

Is Sheng Siong still attractive for dividends?

Based on recent data, the stock yields about 2.25% with a payout ratio near 66%. Cash generation is healthy and leverage is low, which supports steady dividends. However, dividend decisions depend on earnings. We would revisit the dividend outlook after FY2025 results and management’s guidance on costs.

What levels should traders watch near term?

Recent technicals suggest a range around S$2.70–S$2.90 with low volatility (ATR near S$0.04). RSI near 60 is neutral to slightly positive, while ADX at 19.5 shows no strong trend. Breaks above S$2.90 or below S$2.70 with rising volume could set the next directional move.

How does valuation compare to history now?

TTM P/E is about 29.6x, while OCBC’s forward view is 24.8x versus a 19.6x historical average. Price-to-book is roughly 7.7x. After a big rally, multiples look full. Investors may wait for FY2025 results on 2 March to see if earnings support current pricing for the Sheng Siong share price.

Global Market Insights

OV8.SI Stock Today, February 12: OCBC Downgrade Triggers 4.2% Drop

ByDanny Kontos February 12, 2026February 12, 2026

The Sheng Siong share price fell 4.2% to S$2.73 today after an OCBC downgrade to Hold on valuation grounds. OCBC cited a 24.8x forward P/E versus a 19.6x historical average, even as it lifted fair value to S$2.89. We track OV8.SI for local investors who rely on stable cash flows and dividends. With FY2025 results due on 2 March, we review the drivers behind the move, the valuation reset, and what to watch next for Sheng Siong stock.