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Hungry Singaporeans are giving restaurant stocks a boost

Bloomberg Published on Mon, Feb 20, 2017 / 8:58 AM GMT+8

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SINGAPORE (Feb 20): As Singapore’s stock market continues to rally, an often overlooked sector is getting a boost. The city-state’s listed restaurants have outperformed regional and global peers as dining out drives shares higher.

These companies may be steady defensive businesses with consistent margins, said Gregory Yap, an analyst at Maybank Kim Eng

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