$Sheng Siong(OV8.SI)$ has just reached a 52 week high! Sheng Siong is the 3rd largest chain of supermarkets in Singapore and its share price has been trending upwards recently. It is a great stock to buy and hold long term as it ticks all the core fundamentals of a quality stock - It is profitable, have a solid balance sheet and an excellent management team. Sheng Siong is also in the defensive consumer staple sector which will less impervious to economic cycles.
Slow and steady wins the race!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links: