“Consumer staples names [such as Sheng Siong Group and Thai Beverage] received the most investor attention [while] e-commerce names also piqued investor interest,” says lead analyst Cezzane See in a Thursday report.
SINGAPORE (Sept 14): CGS-CIMB Research is keeping its “overweight” rating on the consumer sector, amid optimism that a better-than-expected GDP growth rate in 2018 could spur retail consumption.
The brokerage hosted a Consumer Day on Sept 11, and says investors were largely positive on domestic supermarket plays and also expressed interest in learning about the key value propositions of the e-commerce companies.
