Sheng Siong is back in focus after OCBC downgraded the supermarket operator to “hold”, citing stretched valuations following a strong 2025 rally.

Dan Koh and Emaad Akhtar examine whether fundamentals justify the premium pricing, how Budget 2026’s CDC vouchers could help stabilise demand, and what investors should monitor next.

Sheng Siong is back in focus after OCBC downgraded the supermarket operator to &ldquo;hold&rdquo;, citing stretched valuations following a strong 2025 rally.
Dan Koh and Emaad Akhtar examine whether fundamentals justify the premium pricing, how Budget 2026&rsquo;s CDC vouchers could help stabilise demand, and what investors should monitor next.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.

In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore&rsquo;s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.
In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station.

MONEY FM 89.3

Insightful discussions on the latest market events and the top companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek (6am-9am)

Companies To Watch: Sheng Siong slides after OCBC downgrade despite Budget boost

In the wake of Singapore’s latest Budget, attention is turning to what the measures will mean where it matters on the ground for small and medium-sized enterprises. From cost pressures and manpower constraints to AI adoption and overseas expansion, are businesses feeling reassured… or still wary about the road ahead?

We take the pulse of SME sentiment with
Chen Ze Ling, Group Head of Corporate and SME Banking at DBS
Eric Sim, Founder of Institute of Life
Toh Ting Feng, CEO and Co-Founder of GetGo. 

Join the Breakfast Show as we unpack early reactions to the Budget, explore how AI is reshaping business models, and explore why more SMEs are eyeing overseas expansion in 2026. 

For more Budget 2026 insights:
https://www.moneyfm893.sg/whats-on/budget-2026/

In the wake of Singapore&rsquo;s latest Budget, attention is turning to what the measures will mean where it matters on the ground for small and medium-sized enterprises. From cost pressures and manpower constraints to AI adoption and overseas expansion, are businesses feeling reassured&hellip; or still wary about the road ahead?
We take the pulse of SME sentiment with
<ul>
<li data-start="436" data-end="1125">Chen Ze Ling, Group Head of Corporate and SME Banking at DBS</li>
<li data-start="436" data-end="1125">Eric Sim, Founder of Institute of Life</li>
<li data-start="436" data-end="1125">Toh Ting Feng, CEO and Co-Founder of GetGo. </li>
</ul>
Join the Breakfast Show as we unpack early reactions to the Budget, explore how AI is reshaping business models, and explore why more SMEs are eyeing overseas expansion in 2026.&nbsp;
For more Budget 2026 insights: <a href="https://www.moneyfm893.sg/whats-on/budget-2026/">https://www.moneyfm893.sg/whats-on/budget-2026/</a>

Budget 2026: From Caution to Confidence - Can SMEs Seize the Budget Moment?

Budget 2026 was delivered yesterday against a backdrop of moderating growth and rising global uncertainty. The speech spanned business tax rebates, enhanced overseas expansion support, labour market adjustments, artificial intelligence initiatives, capital market funding, and more calibrated household support.

This episode of Morning Shot breaks down what stood out from the announcements, from the signal being sent to Singapore firms, to the shift in tone around household relief, and the structural bets on AI and capital markets.

As businesses and households begin digesting the measures, we also look ahead to what matters most in the months to come. The Breakfast Show is joined by Ovais Subhani, Senior Business Correspondent at The Straits Times.

For more Budget 2026 insights:
https://www.moneyfm893.sg/whats-on/budget-2026/

Budget 2026 was delivered yesterday against a backdrop of moderating growth and rising global uncertainty. The speech spanned business tax rebates, enhanced overseas expansion support, labour market adjustments, artificial intelligence initiatives, capital market funding, and more calibrated household support.
This episode of Morning Shot breaks down what stood out from the announcements, from the signal being sent to Singapore firms, to the shift in tone around household relief, and the structural bets on AI and capital markets.
As businesses and households begin digesting the measures, we also look ahead to what matters most in the months to come. The Breakfast Show is joined by Ovais Subhani, Senior Business Correspondent at The Straits Times.
For more Budget 2026 insights: <a href="https://www.moneyfm893.sg/whats-on/budget-2026/">https://www.moneyfm893.sg/whats-on/budget-2026/</a>

Budget 2026: Relief, Reform, and a Reset for Growth

The STI has just crossed 5,000 for the first time, and Budget 2026 may be adding fresh fuel to the rally. From a S$1.5 billion boost to deepen equity participation, to a new National AI Council and fresh consumer support, the policy signals are clear.

Dan Koh speaks with Sarah Jane Mahmud, Senior Industry Analyst at Bloomberg Intelligence to break down the real winners, the overlooked sectors, and whether Singapore stocks can sustain their record run.

The STI has just crossed 5,000 for the first time, and Budget 2026 may be adding fresh fuel to the rally. From a S$1.5 billion boost to deepen equity participation, to a new National AI Council and fresh consumer support, the policy signals are clear.
Dan Koh speaks with Sarah Jane Mahmud, Senior Industry Analyst at Bloomberg Intelligence to break down the real winners, the overlooked sectors, and whether Singapore stocks can sustain their record run.

Companies To Watch: Sheng Siong slides after OCBC downgrade despite Budget boost

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