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RHB expects resilient earnings for consumer and gaming sector in 2020 despite sluggish sales

Samantha Chiew
Samantha Chiew12/23/2019 12:00 PM GMT+08  • 3 min read
RHB expects resilient earnings for consumer and gaming sector in 2020 despite sluggish sales
SINGAPORE (Dec 23): RHB Group Research is staying “neutral” on the consumer and gaming sector and expects earnings in the sector to remain resilient in 2020.
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SINGAPORE (Dec 23): RHB Group Research is staying “neutral” on the consumer and gaming sector and expects earnings in the sector to remain resilient in 2020.

However, slowing economic growth in the region, along with macro-economic uncertainties, could mean consumer spending will remain sluggish and limit the upside potential.

The Singapore government has predicted an economic growth of 0.5%-2.5% for Singapore in 2020.

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