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Invest in staple consumer plays such as Sheng Siong, Kimly, as well as reopening counters like FCT, LREIT & CICT: DBS

Felicia Tan
Felicia Tan6/21/2022 04:05 PM GMT+08  • 3 min read
Invest in staple consumer plays such as Sheng Siong, Kimly, as well as reopening counters like FCT, LREIT & CICT: DBS
Lau Pa Sat in Singapore. Photo: Bloomberg
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DBS Group Research analysts Andy Sim, Geraldine Wong and the Singapore research team are recommending investors buy into staple consumer plays such as Sheng Siong and Kimly as prices in Singapore continue to increase.

In March and April, the Singapore consumer price index (CPI) saw y-o-y increases of 5.9% and 5.8% respectively, a rate of increase not seen since mid-2008.

The CPI is designed to measure the average price changes of a basket of consumption goods and services commonly purchased by resident households in Singapore. The index is also used as an instrument to measure inflation.

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