0745 GMT - Sheng Siong Group's stock valuation has limited room to grow, say DBS Group Research analysts in a note. The Singapore grocery retailer's growth this year is likely to normalize from a high base, they say. Sheng Siong is a beneficiary of the Singapore government handing out vouchers over the last few years, but economists broadly expect these to be scaled back as the country's inflation pressures ease, they add. DBS reiterates a "sell-into-strength" stance on Sheng Siong's shares, pegging resistance levels at S$2.92-S$2.95 and flagging risks of a pullback at S$2.75 and S$2.60. DBS maintains a hold rating and target price of S$2.60 on the stock. Shares fall 4.2% to S$2.73. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 11, 2026 02:45 ET (07:45 GMT)
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