What drove OV8.SI stock higher intraday today?

Intraday volume surge and buy-side interest ahead of Sheng Siong’s earnings on 25 Feb 2026 pushed OV8.SI stock to S$2.89. Relative volume ~3.20 shows outsized flow versus average daily volume.

How does Sheng Siong’s valuation compare with peers?

Sheng Siong trades at P/E **29.20** and P/B **7.92**, above many grocery peers. Strong ROE and cash flow support the premium, but valuation leaves less room for earnings misses.

What is Meyka AI’s one-year forecast for OV8.SI stock?

Meyka AI's forecast model projects a one-year target of **S$3.57** for OV8.SI stock, implying about **23.53%** upside versus the current S$2.89. Forecasts are model-based, not guarantees.

Which technical levels matter for short-term traders?

Watch **S$2.92** for an intraday breakout and **S$2.80** as a short-term stop level. RSI near **59.95** and MACD neutral suggest momentum but not extreme overbought signals.

SG Stocks

Sheng Siong (OV8.SI, SES) trades at S$2.89 on 06 Feb 2026: heavy volume hints upside

ByDanny Kontos February 6, 2026February 6, 2026

OV8.SI stock rose 4.33% to S$2.89 in intraday trade on 06 Feb 2026 on the Singapore Exchange (SES). The move came with 987,900 shares traded, a relative volume of 3.20, and a day high of S$2.92. Traders cite heavy buying ahead of Sheng Siong’s (Sheng Siong Group Ltd) upcoming earnings on 25 Feb 2026 as the immediate catalyst. For reference on company profile and ratios see StockAnalysis company profile and StockAnalysis financial ratios. Meyka AI provides this intraday market analysis and links to our stock page for more data: Meyka OV8.SI.