SGX:SHG 11 February 2026

Sheng Siong shares drop after OCBC downgrade — even with a higher S$2.89 target

Sheng Siong shares fell 4.2% to S$2.73 on Wednesday after OCBC downgraded the stock to “hold,” citing stretched valuations ahead of FY2025 results due March 2. OCBC raised its fair value estimate to S$2.89 but flagged the 12-month forward P/E ratio of 24.8 times, above the historical average.

11 February 2026

SGX:SHG·Stock Market

ATB Cormark Raises TransAlta Price Target to C$28, Sees Nearly 59% Upside
March 24, 2026, 3:32 PM EDT. ATB Cormark Capital Markets has lifted its price target for TransAlta (TSE:TA) from C$27.00 to C$28.00, assigning an outperform rating. This target implies a potential upside of 58.82% from the stock's recent close. Other analysts show mixed views, with seven 'buy' ratings and one 'hold'. The stock last traded up C$1.12 at C$17.63, amid a volume of 1.4 million shares. TransAlta reported a quarterly loss with EPS at C($0.06) and negative margins, highlighting ongoing financial challenges. Insider selling was noted, with executive Jane Nyla Fedoretz reducing holdings by 4.2%. TransAlta's shares have a 12-month range of C$11.16 to C$25.03, reflecting volatility as the company navigates market pressures.