Consumer staples seen to gain amid price pressures

CGS-CIMB Research, which retained its “neutral” stance on the overall consumer sector, has advocated selective play to maximise potential gain in times of inflation. — Reuters

PETALING JAYA: Consumer downtrading will continue to be a central theme for the consumer sector in Malaysia this year amid the rising cost of living.

This will benefit consumer staples stocks such as those in the food and beverage industries, while discretionary stocks will likely see a mixed performance in 2023.