$Sheng Siong(OV8.SI)$ is Singapore's home grown value for money supermarket chain distinguished by its laser focus on affordable fresh produce and fast moving staples. In the current economic climate, Sheng Siong is a consumer defensive stock that is more resilient. With a rock solid moat in the low to mid income segment and a rising private label portfolio, Sheng Siong has built a defensive niche few competitors can match.
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