Singapore Consumer Stocks Likely to Benefit as Borders Reopen -- Market Talk
Singapore Consumer Stocks Likely to Benefit as Borders Reopen -- Market Talk
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)
新加坡 0401 格林威治標準時間-RHB Research 稱，隨著該國邊界重新開放和經濟復甦，新加坡消費股可能會受益。該經紀公司表示：「隨著全球旅行恢復並加快步伐，無隔離旅行逐漸增加牽引力，我們預計消費者支出將反彈，」該經紀公司表示，並補充說，它預計將有更多的資金流入該行業。RHB 在該領域的精選包括美食帝國和 Kimly。該經紀公司對兩家公司的股票均獲得買入評級，目標價分別為 1.23 新元和 0.48 新元。美食帝國上漲 0.6%，價格為 0.84 新元，而金利則持平於 0.37 新元。(yongchang.chin@wsj.com)
譯文內容由第三人軟體翻譯。