The analyst seems positive on the Singapore consumer downstream industry as the gradual road to normalisation of supermarket and F&B Foodservice spending in Singapore is on the horizon.
“We believe the worst is over for Singapore F&B Foodservice barring an unforeseen return to Phase 1 of the Circuit Breaker. With the gradual opening of the economy, we see F&B Foodservice improving as more activities resume,” says lead DBS Group Research analyst Alfie Yeo in an Oct 23 report.
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