0401 GMT - Singapore consumer stocks are likely to benefit as the country's borders reopen and its economy recovers, RHB Research says. "As global travel resumes and picks up pace, and quarantine-free travel slowly gains traction, we expect consumer spending to rebound," the brokerage says, adding that it anticipates more fund inflows into the sector. RHB's picks in the sector include Food Empire and Kimly. The brokerage has buy ratings on both companies' stock, with target prices of S$1.23 and S$0.48, respectively. Food Empire is 0.6% higher at S$0.84 and Kimly is flat at S$0.37. (yongchang.chin@wsj.com)
Singapore Consumer Stocks Likely to Benefit as Borders Reopen -- Market Talk
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.