Sheng Siong - A Safe Harbour During Volatile Times🌟🌟🌟$Sheng Siong(OV8.SG)is the epitome of defensive investing on the…
Sheng Siong - A Safe Harbour During Volatile Times
🌟🌟🌟$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?
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