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.
It said on Monday 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.
“It is difficult to find beneficiaries when so many are negatively affected, ” it said.
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