, Prime Minister Lee Hsien Loong has warned that Singapore could face a potential recession within the next two years.
Such businesses are normally in recession-proof sectors or sell essential goods and services that people need. Sheng Siong is your quintessential grocery store that sells essential goods and necessities that will continue to do well even during a recession. Net profit jumped 13.9% year on year to S$35.2 million, and the retailer generated a healthy free cash flow of S$20.1 million.
The group operates a platform for the buying and selling of a wide variety of securities such as equities, bonds, derivatives, and currencies. These comprise three private hospitals in Singapore, 52 nursing homes in Japan, and strata-titled lots/units in a specialist clinic in Malaysia.The REIT has a great track record of increasing its core distribution per unit since 2008, going from S$0.0683 that year to S$0.1408 in 2021.
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