Home Capital Broker's Calls

Dissecting the GSS disappointment

Gwyneth Yeo
Gwyneth Yeo8/24/2016 01:17 PM GMT+08  • 3 min read
Dissecting the GSS disappointment
SINGAPORE (Aug 24): RHB Research is maintaining its “overweight” rating on the consumer sector but remains “negative” on discretionary retailers on weak consumer sentiment, the failure of the Great Singapore Sales (GSS) to excite shoppers, as wel
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 24): RHB Research is maintaining its “overweight” rating on the consumer sector but remains “negative” on discretionary retailers on weak consumer sentiment, the failure of the Great Singapore Sales (GSS) to excite shoppers, as well as the rising popularity of online shopping.

In a note on Wednesday, analyst Juliana Cai says she prefers stocks of F&B and grocery retailers. Cai has a “buy” rating for BreadTalk with a target price of $1.45, because of its continued product innovation. She also likes Dairy Farm International with a target price of US$8.60 and Sheng Siong with a target price of of $1.12.

Although the GSS sale this year had been extended to a 10-week event from eight weeks previously, Cai says the extended sale was unable to excite shoppers. She observed smaller crowds on the weekends compared to GSS last year, and scarce numbers of shoppers on weekdays.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now