SINGAPORE (Apr 22): As Singapore announced yesterday that it will extend the existing circuit breaker from May 4 to June 1, as well as the closure of more non-essential businesses, analysts are now even more bullish on supermarket stocks.

See also: Supermarkets are in; retail is out

Following these new measures, consumer spending is likely to shift further towards meals and supermarkets and away from snacks, beverages and dessert outlets, since these outlets are to be closed.

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