Sheng Siong (SGX: OV8)
Sheng Siong operates one of the largest supermarket chains in Singapore with 77 outlets across the island. The group’s outlets are located mostly in the heartland areas to serve Singaporeans with a wide assortment of fresh and chilled produce, general merchandise, and essential household products. The retailer reported an encouraging set of earnings for 2024 with revenue rising 4.5% year on year to S$1.4 billion. Operating profit inched up 2.7% year on year to S$159.7 million....President Trump has unleashed a wave of tariffs on more than 180 countries as part of his Liberation Day tactic.
Although he has paused these reciprocal tariffs for 90 days and imposed just the baseline tariff of 10%, markets remain on tenterhooks as they do not know what to expect next.
Investors can look for stocks with limited exposure to tariffs by buying companies that serve either local or regional customers.
Here are four Singapore stocks that should see limited impact from the tariffs for now.