Total retail sales fell 1.9% in November 2020, an improvement from decline in October - THE EDGE SINGAPORE

Singapore economy

Total retail sales fell 1.9% in November 2020, an improvement from decline in October

Singapore’s retail sales fell 1.9% y-o-y in November 2020, marking an improvement from the 8.5% y-o-y decline in October 2020, according to data released by the Department of Statistics (SingStat)

Disruption and Digitalisation

Digitalising consumerism

Covid-19 is forcing F&B and retailers to step up their online presence.

Broker's Calls

Stock up on Sheng Siong

SINGAPORE (May 29): RHB Group Research’s analyst Juliana Cai continues to rate Sheng Siong “buy” with a higher target price of $1.72 from $1.63 previously.

Broker's Calls

RHB turns positive on Dairy Farm's valuations after selldown

SINGAPORE (Mar 20): RHB Research is upgrading its call on Dairy Farm from “neutral” to “buy” despite lowering its target price to US$8.25 from US$8.64 previously with the view that long-term invest

DBS 2019 stock market outlook

3 defensive consumer stocks to ride out near-term headwinds

SINGAPORE (Dec 17): DBS Vickers Securities is “overweight” on the consumer goods sector, on the belief that F&B and retail services in Singapore are likely to outperform other cyclical industri

Broker's Calls

This stock should be a long-term core holding of consumer portfolios: Maybank

SINGAPORE (Apr 3): Maybank Kim Eng is resuming coverage of Sheng Siong Group at “buy” with a price target of $1.20, or 25 times FY18 earnings and 7 times EV/EBITDA.

Broker's Calls

Dairy Farm to ride on regional consumer sentiment uptick this year: RHB

SINGAPORE (Feb 19): RHB is maintaining “overweight” on Singapore’s consumer staples sector while highlighting Dairy Farm as its preferred “buy” pick with an unchanged target price

Broker's Calls

Why Sheng Siong is likely to remain resilient amid keen competition

SINGAPORE (July 14): OCBC Investment Research continues to rate Sheng Siong Group (SSG) at “buy” with an unchanged fair value estimate of $1.15, pending the supermarket chain operator’s release of

Broker's Calls

Could Singapore’s consumer sector see a pickup in investor sentiment?

SINGAPORE (June 13): OCBC Investment is maintaining its “neutral” rating on Singapore’s consumer sector given a lack of broad-based improvement for the retail scene, as well as the continued expans

Singapore Feb retail sales fall 2.5% on year, first drop since August

SINGAPORE (April 12): Singapore's retail sales in February fell from a year earlier for the first time since August, due to a sharp drop in the sales of food, beverages and apparel and a decline in