Why Sheng Siong share price is trending

Published 2 November 2026 at 2:15 pm · 10 sources · 100+ searches today

Sheng Siong shares fell sharply on Monday, 2 November 2026, after investors reacted to its Q3 FY2026 results and a weaker outlook for earnings growth. The stock dropped as much as 9.4% to a one-year low, with one market report saying it was down 9.7% at S$2.41, which is why the share price is trending in Singapore today.

Key facts

2 Nov 2026: Sheng Siong shares fell as much as 9.4% to a one-year low.
Q3 FY2026 net profit rose 1.8%-1.9% to S$44.6 million.
Revenue grew 6.2% to S$441.5 million in Q3 FY2026.
PhillipCapital cut its target price to S$2.75 from S$3.31.
Sheng Siong had 92 Singapore stores in Q3, up from 84 a year earlier.

What happened to the shares

As of 2 November 2026, Sheng Siong shares fell sharply in morning trade after continuing the previous week’s decline. The stock opened at S$2.48, slipped to S$2.46 by 9:16 a.m., and one report put the intraday price at S$2.41.

The move came after the shares dropped as much as 9.4% and hit a one-year low. Another market report described the fall as 9.7%, showing the selling pressure was broad and immediate.

Why investors are selling

The sell-off followed Sheng Siong’s Q3 FY2026 results released on 29 October 2026. Net profit rose only 1.8% to 1.9% year on year, to S$44.6 million from about S$43.7 million to S$43.8 million.

Revenue was stronger, rising 6.2% to S$441.5 million from S$415.5 million a year earlier. Even so, the market appears focused on the slower profit growth, along with concerns about higher operating costs and a competitive retail environment.

Expansion and the company backdrop

Sheng Siong said it had 92 Singapore stores in Q3 2026, up from 84 a year earlier. It opened three stores during Q3 and seven stores in the first nine months of 2026.

The company also operates six stores in China. Its Singapore retail area increased to 799,775 sq ft from 723,648 sq ft a year earlier, showing continued expansion even as earnings growth slowed.

What to watch next

PhillipCapital analyst Paul Chew cut his target price to S$2.75 from S$3.31 on 2 November and kept a Neutral rating. He also lowered the valuation multiple from 28 times to 25 times projected FY2027 earnings.

Investors will watch whether Sheng Siong can keep growing sales while protecting margins. The company said it will continue expanding in areas where it has limited presence, but as of 2 November 2026 the market is questioning how quickly profits can keep up.

Frequently asked

Why is Sheng Siong share price trending in Singapore today?

It is trending because the shares fell sharply on 2 November 2026 after the company’s Q3 FY2026 results and a lower analyst target price. Investors are focusing on the weak profit growth despite stronger revenue.

What was Sheng Siong’s share price today?

One report said the stock opened at S$2.48, fell to S$2.46 by 9:16 a.m., and traded at S$2.41 intraday. Another report said it fell as much as 9.4% to a one-year low.

How much did Sheng Siong profit rise in Q3 FY2026?

Net profit rose only 1.8% to 1.9% year on year, to S$44.6 million. That modest increase was a key reason investors reacted negatively.

What did analysts say about Sheng Siong after the results?

PhillipCapital’s Paul Chew cut the target price to S$2.75 from S$3.31 and kept a Neutral view. He also reduced the valuation multiple from 28 times to 25 times projected FY2027 earnings.

Sources

Researched automatically from live news and written by Simpledot's AI; facts are limited to what the sources above report as of the published time. Spot an error? Tell us.