Interest rates soared dramatically higher back in 2022 in what was described as one of the fastest rate hike exercises in history. Two years on, investors are faced with the prospect of a “higher for longer” interest rate environment as the US economy stays healthy and inflation seems to be heading towards the 2% level. One effective way to avoid worries over interest rates is to pick stocks that have zero debt. Of course, it’s also important that such companies have healthy growth prospects that makes them attractive investment candidates. We introduce four Singapore stocks that have no debt and look well-positioned to do well next year.

Sheng Siong (SGX: OV8)

Sheng Siong is a supermarket chain with 74 outlets across Singapore that are located in the heartland areas. The group provides a wide assortment of merchandise and offers over 1,650 products under its 24 house brands. Sheng Siong reported an impressive financial result for the first nine months of 2024 (9M 2024)....