ShengSiong - call warrant jumps 31% after 4 months as stock reaches Joey Choy's $3 target
🔥 $Sheng Siong(OV8.SI)$ shares jumped 9.2% over the past 5 days to $3.08 - above the $3 target price that SGX Academy Trainer Joey Choy mentioned during the One Good Trade Live Show on 24 November 2025 (https://warrants.com.sg/education/marketcommentary/Market%20view/ipRTVqZf1c0/2)
🔺Notably, the shares are trading 3.4% higher this morning - the stock's biggest gain in two months, with trading volume reaching five times the 20-day average (Bloomberg)
✳Consequently, the Sheng Siong call warrant mentioned on the show - $ShengSiong MBeCW260630(Q73W.SI)$
(https://warrants.com.sg/tools/HistoricalPerformance/Q73W) - is up 31% to SGD 0.017 (as of 10AM this morning), more than four months later
◀The warrant is seeing holders who previously bought into the warrant, sell back 1.9M units as of 1010AM
📊While there is no specific company news, the stock may be benefiting from positive sentiment given Singapore's strong performance in the retail sector - where retail sales in Singapore surged 8.3% year-on-year in February, supported by Chinese New Year sales
✳Those who remain bullish on Sheng Siong may wish to consider trending call warrant $ShengSiong MBeCW260930(XTJW.SI)$ (https://warrants.com.sg/tools/livematrix/XTJW) which is quoted on tight spreads and high liquidity
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