Consumer spending set to be revitalised

TA Securities reckons that food and beverage players and retailers with large domestic exposure such as Aeon Co (M) Bhd, (pic) Amway (M) Holdings Bhd, Padini Holdings Bhd and Nestle (M) Bhd are set to benefit from the government’s efforts to raise disposal income alongside the implementation of business-friendly policies.

KUALA LUMPUR: After the rollback of strict movement restrictions, the consumer sector is set to further benefit from what is expected to be an expansionary budget for next year.

Finance Minister Tengku Datuk Seri Zafrul Aziz has reiterated that Budget 2022 will be expansionary and will focus on speeding up recovery, strengthening economic resilience and catalysing reform.