In a Monday report, lead analyst Andy Sim says, “Based on our coverage of Singapore’s downstream consumer sector, we are projecting that earnings will grow by about 10% in FY20F, on margin expansion and revenue growth of 6.5%. Companies under our coverage are expected to ring in productivity gains, better sales mix and a more efficient operational expenditure (opex).”
SINGAPORE (Jan 6): Retail sales in Singapore saw an overall drop in 2019, but the F&B and online components of retail sales saw some growth.
The online proportion of retail sales now stands at 6% compared to 4% at the beginning of 2018, while F&B sales growth was driven by restaurants, fast food and other eating places. Bucking the non-F&B food service retail sales declining trend were supermarket and apparel sales.
