Meanwhile, the US Federal Reserve has raised the benchmark interest rate by 0.75 percentage points recently, its biggest increase since 1994.Sheng Siong Group Ltd
The retailer is a good investment option for those who are seeking stability, as its focus on essential goods puts it in a good position to weather downturns.For 1Q2022, Sheng Siong announced a 6% year on year rise in revenue to S$358 million.The group paid out a total of S$0.062 in dividends for FY2021, translating to a historical dividend yield of 4.1% for its shares.
The group is a one-stop-shop that provides equipment manufacturing and engineering services to manufacturers of semiconductors and related products. Fab equipment spending is set to post healthy growth and will remain above the US$100 billion mark. Industry capacity is projected to rise by 8% this year and a further 6% next year.If you’re looking for a recession-proof industry, healthcare immediately comes to mind.