As Singapore enters into Phase 2 (Heightened Alert) measures effective from May 16 to June 13, DBS Group Research analyst Alfie Yeo is recommending investors to stock up on supermarket counters.

In a report dated May 17, Yeo says he expects to see a shift in consumption from food and beverage (F&B) outlets to supermarkets as consumers are encouraged to stay home.

The shift, says Yeo, will last at least till June 13, delaying the normalisation of the F&B sector by 1.5 times.

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