---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000951858.md"
description: "Sheng Siong - A Safe Harbour During Volatile Times🌟🌟🌟$Sheng Siong(OV8.SG)is the epitome of defensive investing on the SGX because it has a recession proof model.   Regardless of inflation or economic cooling , consumer demand for household groceries, fresh produce and pantry staples remains constant.Sheng Siong benefits from a consumer trend known as "trading down" where middle class shoppers migrate from premium supermarkets like Cold Storage to budget friendly chains to save money.Sheng Siong holds a massive gross profit margin of 31.8% during the first half of 2026.  This is due to improvements in their internal product sales mix.I like Sheng Siong as it has a strong solid balance sheet with zero debt and a massive net cash position of over SGD 400 million.  This provides a defensive shield especially during high interest rates environments.Best of all Sheng Siong rewards its shareholders with a dividend yield of 2.66%.  Slow and steady wins the race.Dear Fellow Investors, would you consider Sheng Siong in your portfolio?"
datetime: "2026-10-23T10:26:01.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000951858.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000951858.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000951858.md)
author: "[koolgal](https://longbridge.com/en/profiles/2074993385495678976.md)"
generator: "portal-rs"
---

# Sheng Siong - A Safe Harbour During Volatile Times…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**