Consumer companies likely to face a mixed year

TheStar Wed, Apr 24, 2024 12:00am - 3 weeks View Original


MIDF Research said the prospects for consumer staples will continue to be underpinned by steady demand and solid domestic out-of-home consumption.

PETALING JAYA: Consumer companies will likely see mixed fortunes this year, with those in the staple-food segment expected to remain resilient, while those in the discretionary segment expected to see muted performance through 2024.

According to MIDF Research, the prospects for consumer staples will continue to be underpinned by steady demand and solid domestic out-of-home consumption, thanks to the extreme hot weather, rising incomes, improved job market prospects, and recovery in tourism.

It noted that the stabilisation of prices for wheat, skimmed milk powder, whole milk powder, crude palm oil, sugar, corn and soybean meal will benefit certain biscuit, dairy and livestock-related players.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

F&N 33.360

Comments

Login to comment.