A shop assistant counts cash in the register at a supermarket in this filepic. We should wash our hands with soap and water after handling money as it may be contaminated with the SARS-CoV-2 virus.
KUALA LUMPUR: Domestic Consumption is expected to remain soft in the second half of the year although it could slowly pick up from the government's stimulus packages, low interest rates and expectations of a consumer-friendly Budget 2021, says Kenanga Investment Bank Research.
"We believe consumer sentiment is likely to remain muted ahead as we ease into the new norm, with spending priority being placed on value-for-money staples products instead of high-value discretionary goods," it added, while reiterating its "neutral" rating on the sector.
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