This comes on the back of improvement in gross domestic product (GDP) and consumption in Vietnam, and Indonesia over the longer term, as per the analyst’s expectations.
RHB Bank Singapore’s analyst Alfie Yeo has maintained his “overweight” call on the food and beverage (F&B) sector while remaining positive on the sector’s valuation and growth outlook.
Yeo names Thai Beverage (SGX:Y92
) (ThaiBev), Delfi, and Food Empire as his top picks, with “buy” calls and target prices of 71 cents, $1.33 and $1.45 respectively.
