Top movers alert: Buying in call warrants seen as Sheng Siong sinks 6% - the most on record - and Kingboard Laminates jumps 18% in two days
🔻 $Sheng Siong(OV8.SI)$ call warrants $ShengSiong MBeCW260630(Q73W.SI)$ and $ShengSiong MBeCW260330(NPUW.SI)$ are amongst this morning's top warrant losers with respective losses of 39% and 31% following Sheng Siong's 6% plunge to $2.68 this morning as of 10AM. Trending call warrant Q73W is seeing buying interest on the back of the stock plunge
📉This is the stock's steepest single day decline on record
👥The plunge comes on the back of analysts' downgrades on the stock this week, with price targets more than 20% lower from yesterday's close
🗳On Bloomberg, analysts have five buy, three hold, and one sell recommendations on Sheng Siong shares. The consensus buy rating is 3.9 / 5.0, with a price target of $2.52
✖Sheng Siong is currently trading at 27 times P/E
Kingboard Laminates $KB LAMINATES(01888)$ : the stock is up another 10.2% to a new 4.5 year high of HKD 18.58
🔍The stock is now up 18.3% over two days while trending call warrant $KingboardLa MB eCW260602(FGUW.SI)$ is up 85.1% to SGD 0.087. The call warrant had attracted buying interest yesterday
✳Macquarie Warrants first listed the call warrant on 27 January 2026
🔥Kingboard is now up 108% over the past 52 weeks, compared with a 21% increase for the company's Bloomberg peers and the Hang Seng Index's 26% gain
✖The company is trading at 26 times P/E
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