As a well-known supermarket chain in Singapore, Sheng Siong Group has long been regarded by Singaporean investors as a representative of defensive stocks with "stable interest rates" and "anti-inflation". However, in the past month, especially after the release of Sheng Siong's third quarter financial results, its share price has undergone a significant correction. Currently, it has fallen to 2.32 yuan to 2.42 yuan, down 24.7%. What exactly caused the share price of this leader in the retail supermarket industry to plummet in the last month?

As a well-known supermarket chain in Singapore, Sheng Siong Group has long been regarded by Singaporean investors as a representative of defensive stocks with "stable interest rates" and "anti-inflation". However, in the past month, especially after the release of Sheng Siong's third quarter financial results, its share price has undergone a significant correction. Currently, it has fallen to 2.32 yuan to 2.42 yuan, down 24.7%. What exactly caused the share price of this leader in the retail supermarket industry to plummet in the last month?