Demand for consumer products still resilient

CGS-CIMB Research said its preferred picks are QL Resources Bhd and Farm Fresh Bhd due to their strong brand equity and defensive nature. (File Pic shows Farm Fresh products being manufactured.)

KUALA LUMPUR: Despite broad-based price hikes on consumer products, demand remains fairly resilient, supported by the inelastic nature of the market.

Following CGS-CIMB Research’s consumer-based site tour to Kota Kinabalu for domestic institutional investors, it said demand stays resilient although there has been price hikes due to the higher input costs and operating expenses.