0153 GMT - Sheng Siong Group's stock appears expensive after its ascent last year, OCBC Group Research's Chu Peng says in a report. The stock is currently trading at 24.8X 12-month forward earnings, more than two standard deviations above its historical average of 19.6X, the analyst notes. OCBC downgrades its rating on the stock to hold from buy on valuation grounds. Meanwhile, OCBC raises its fair value estimate to S$2.89 from S$2.77 based on lower cost of equity assumption, pending further insights from the company's 2025 earnings due early next month. Shares are 0.7% lower at S$2.90. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 09, 2026 20:53 ET (01:53 GMT)
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