‘Stimulus package to benefit retail firms’

TheStar Tue, Mar 31, 2020 12:10pm - 3 years View Original


For sure, business in this first half will be softer than usual, but these are defensive names dealing in basic essential goods that will likely outperform in an uncertain market. “This is a rare opportunity to pick up names such as F&N (OP; TP: RM35.20), Padini (OP; RM2.40), Poweroot (OP; RM2.65) and QL Resources (OP; TP: RM8.30), ”

KUALA LUMPUR: Kenanga Investment Research expects consumer and retail companies to be relative beneficiaries from the RM250bil stimulus package to offset the impact of the Covid-19 coronavirus.

The research unit said in its latest report that the measures were laudable as they aim to stabilise a tenuous economy.

“This additional stimulus package is much needed given the pervasive Covid-19 disruptions turning out to be much worse than expected, it added.

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