Why did the Sheng Siong share price drop today?

The move followed an OCBC downgrade to Hold, with the bank citing stretched valuation. It flagged a 24.8 times forward P/E versus a 19.6 times historical average. That message hit sentiment, and the Sheng Siong share price slipped 4.2% to S$2.73 on Feb 11 as investors reassessed near-term upside.

What should Singapore investors watch on Mar 2?

Focus on same-store sales, gross margin, wage and rental trends, and any store pipeline updates. Check cash generation, payout ratio and dividend guidance. Any clarity on voucher-driven demand and fresh category mix matters too. Surprises here can quickly move the Sheng Siong share price in either direction.

Is Sheng Siong a defensive pick in uncertain times?

Yes, groceries are resilient, and Sheng Siong generates steady cash with low leverage. The 2.25% yield and 66.5% payout ratio add income support. Risks include competition, operating costs and slower traffic once voucher effects fade. Weigh these against valuation before deciding on Sheng Siong stock.

Global Market Insights

OV8.SI Stock Today: Slides 4.2% on OCBC Downgrade — February 11

ByDanny Kontos February 11, 2026February 11, 2026

Sheng Siong share price fell 4.2% to S$2.73 on Feb 11 after an OCBC downgrade to Hold, citing stretched valuation at 24.8 times forward P/E versus a 19.6 times historical average. Sheng Siong (OV8.SI) now sits just below its recent peak, drawing active interest from Singapore investors. With FY2025 results due on Mar 2, the key question is whether resilient grocery demand and government vouchers can sustain earnings against rich multiples. We outline what today’s move means and how to prepare for the next print.