SBS Transit (S61.SI) up 9.88% intraday 26 Feb 2026: S$4.14 target in sight
S61.SI stock led Singapore intraday gainers on 26 Feb 2026, rising 9.88% to S$3.78 after recent earnings and heavy buying. Volume reached 141,600 shares, well above the 50-day average of 59,411, signalling strong intraday interest on the SES in SGD. We review drivers, valuation, technicals, Meyka AI’s grade and forecast, and the short-term trade-offs between momentum and overbought indicators.
S61.SI stock intraday move and market context
SBS Transit Ltd (S61.SI) on the Singapore Exchange (SES) opened at S$3.81 and traded between S$3.75 and S$3.81 before settling near S$3.78. The intraday jump of 9.88% follows the company’s 2025 results and renewed buyer interest in transport names within the Industrials sector. Sector peers have shown mixed strength, and rail-focused names have underpinned the move in S61.SI.
The stock’s market cap is SGD 1.19B, with 312,584,000 shares outstanding. Intraday liquidity rose to 2.38x the average daily volume, suggesting institutional participation rather than solely retail noise.
S61.SI stock drivers and recent earnings impact
S61.SI earnings for 2025 showed revenue of SGD 1.52B, down 2.72%, and net profit of SGD 61.20M, down 12.95% versus 2024. The earnings release on 24 Feb 2026 clarified margin pressures but also reiterated stable ridership and strong cash reserves, which traders interpreted positively.
Management’s steady dividend policy and a dividend per share of S$0.27862 (yield 7.31%) helped support demand. Analysts see the decline in profits as cyclical rather than structural for core public transport operations.
S61.SI stock valuation and fundamentals
S61.SI trades at PE 17.32 on reported EPS S$0.22, with a price-to-book ratio of 1.75 and price-to-sales of 0.78. The company shows low leverage with debt-to-equity 0.02 and a current ratio of 2.50, signalling balance-sheet resilience. These metrics compare favourably to many Industrials peers.
Return on equity stands at 9.55% and enterprise value to EBITDA is about 5.58x, pointing to reasonable valuation for a regulated transport operator. Investors seeking income note the 7.31% dividend yield, but payout sustainability should be watched alongside cash flow metrics.
S61.SI stock technicals and volume signals
Momentum indicators are stretched: RSI is 93.46 and MFI 94.53, both in overbought territory, while ADX at 61.98 indicates a strong trend. MACD shows a bullish crossover (MACD 0.07, signal 0.04). The technical picture supports short-term strength but warns of pullback risk.
On volume, 141,600 shares traded versus an average of 59,411, a 2.38x surge. Traders should watch intraday support at S$3.75 and resistance near the year high S$3.82 and the Meyka target at S$4.14.
Meyka AI rates S61.SI with a score out of 100 and forecast
Meyka AI rates S61.SI with a score out of 100: 67.79 / 100 (Grade B) — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational and not investment advice.
Meyka AI’s forecast model projects a yearly price of S$4.14, compared with the current price S$3.78, implying an upside of 9.63%. Monthly and quarterly shorter-term projections sit at S$3.66 and S$3.57 respectively. Forecasts are model-based projections and not guarantees.
Risks and outlook for S61.SI stock
Key risks include slower passenger growth, higher wage and energy costs, and contract renewals in public transport services. A short-term pullback is plausible given overbought technicals despite strong intraday flow. Currency is SGD and trading is on the SES.
Opportunities include stable cash generation from mandatory public transport routes, advertising and property rental income at interchanges, and possible fare adjustments. Analysts weigh steady dividends against weaker 2025 earnings growth when framing price targets.
Final Thoughts
S61.SI stock staged a notable intraday rally to S$3.78 on 26 Feb 2026, up 9.88%, driven by earnings clarity and heavy volume of 141,600 shares. Valuation sits at PE 17.32 with a 7.31% dividend yield, and balance-sheet metrics (debt-to-equity 0.02, current ratio 2.50) support income-focused holders. Meyka AI’s forecast model projects a yearly target of S$4.14, implying 9.63% upside from today’s price; a conservative near-term target is S$3.90 (up 3.17%), while a bull case sits near S$4.50 (up 19.05%). Technical indicators are overbought — RSI 93.46 — so traders should set tight risk controls. Use sector context: Industrials peers show mixed YTD gains, making S61.SI attractive for dividend and income allocation but suited to holders comfortable with short-term volatility. Meyka AI, an AI-powered market analysis platform, provides these model-based views, which are not guarantees and do not replace personalised advice.
FAQs
Why did S61.SI stock jump intraday on 26 Feb 2026?
S61.SI stock rose on higher-than-average volume after the 2025 results clarified margins and dividend plans. Traders reacted to steady cash reserves and a reiterated dividend, lifting the price to S$3.78 on the SES.
What is Meyka AI’s price forecast for S61.SI stock?
Meyka AI’s forecast model projects a yearly price of S$4.14 for S61.SI stock, implying about 9.63% upside from S$3.78. Forecasts are model-based projections and not guarantees.
Is S61.SI stock a buy for income investors?
S61.SI stock offers a high dividend yield (7.31%) and conservative leverage, making it attractive for income investors. Monitor cash flow and payout sustainability before increasing allocation.
What short-term risks should traders watch in S61.SI stock?
Short-term risks include overbought technicals — RSI 93.46 and MFI 94.53 — contract renewal delays, and cost pressures. Use tight stops and watch intraday support near S$3.75.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.