We expect the consumer sector to see a steady recovery, supported by a gradual rebound in economic activity and income levels. Counters exposed to food retailing and FMCG food will remain at the forefront of sector growth, followed by demand for home...
Real returns have officially moved into negative territory with the latest 12-month bond yields setting another historic low. Bank and NBFI deposit rates have trended down 300-350bps YTD on average thanks to the higher liquidity and continuing loose ...
In addition, KFP also saw higher interest expenses resulting from higher debt levels in Q2. In the HORECA channel, we expect demand to improve further in Q3 FY 20e qoq, particularly with consumers dining out and improved occupancy levels at hotels. H...
Mangalee Goonetilleke @ Asia Securities 8 November 2019
Equities’ recovery eases on short-term uncertainty; election-driven optimism to be revived in Q4. The valuation discount implies that the market continues to reflect the political and earnings risks after Easter attacks. Political risk-related premiu...
Kavinda Perera @ Asia Securities 27 September 2019