22 Jun '18, 12pm

These 4 #Singapore #companies could benefit from #Consumption #Growth in #Asia @salinafirm

These 4 #Singapore #companies could benefit from #Consumption #Growth in #Asia @salinafirm

One derives 60% of sales from North Asia, wherein retail sales are robust. In an RHB Research report, analyst Juliana Cai identified four Singapore-listed companies that could benefit from consumption growth in key Asian markets besides Singapore. Dairy Farm International , which derives 60% of its sales from North Asia, could be a key beneficiary as its healthy & beauty segment could get a boost from improved medicine & cosmetics sales in Hong Kong and China. Cai noted that China’s retail sales remain robust, chalking up 9.7% YoY growth during the first four months. “Growth from retail sales of meals, cosmetics and commodities were higher than the overall average,” she said. Retail sales in Hong Kong were even stronger (January-April: +13.9% YoY), backed by upbeat consumer sentiment and increased tourism. “Sales of jewellery & watches, electronics and medicines & cosmetic...

Full article: https://sbr.com.sg/residential-property/news/these-4-sing...

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