Few stocks come to the fore in current high inflationary environment and rising oil prices.
First is $SHENG SIONG GROUP LTD(OV8.SI)$ . Inflation affects everyday essential purchase. We become more mindful of our spending. Many will cut down discretionary spending, going out less to eat, do more cooking at home. This will benefit supermarkets like Sheng Siong in reaping higher revenues and profits as a result. Its share price has remained resilient and steady in a bearish market.
Energy related stocks tend to rise with inflation. Overcoming supply chain disruption, $REX INTERNATIONAL HOLDING LTD(5WH.SI)$ could offer a good stock to have for potential gains.
To overcome higher expenses due to inflation, one may wish to add reits to investment baskets as reits offers good dividends payout. My favourite is Ascendas Reits, a diversified and strong reits, a good buy at its current price.
Just my personal view to stay afloat in a volatile market and inflationary environment.
Trade with care and align to your investment time horizon. Best wishes.
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