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Supermarket, e-commerce plays draw investor interest: CGS-CIMB

Stanislaus Jude Chan
Stanislaus Jude Chan9/14/2018 03:39 PM GMT+08  • 2 min read
Supermarket, e-commerce plays draw investor interest: CGS-CIMB
SINGAPORE (Sept 14): CGS-CIMB Research is keeping its “overweight” rating on the consumer sector, amid optimism that a better-than-expected GDP growth rate in 2018 could spur retail consumption.
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SINGAPORE (Sept 14): CGS-CIMB Research is keeping its “overweight” rating on the consumer sector, amid optimism that a better-than-expected GDP growth rate in 2018 could spur retail consumption.

The brokerage hosted a Consumer Day on Sept 11, and says investors were largely positive on domestic supermarket plays and also expressed interest in learning about the key value propositions of the e-commerce companies.

“Consumer staples names [such as Sheng Siong Group and Thai Beverage] received the most investor attention [while] e-commerce names also piqued investor interest,” says lead analyst Cezzane See in a Thursday report.

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