“This is a rare opportunity to pick up names such as F&N (OP; TP: RM35.20), Padini (OP; RM2.40), Poweroot (OP; RM2.65) and QL Resources (OP; TP: RM8.30), ” it said.
KUALA LUMPUR: Kenanga Investment Research expects consumer and retail companies to be relative beneficiaries from the RM250bil stimulus package to offset the impact of the Covid-19 coronavirus.
It said on Monday the measures were laudable as they aim to stabilise a tenuous economy. This additional stimulus package is much needed given the pervasive Covid-19 disruptions turning out to be much worse than expected, it added.
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