‘Overweight’ call on consumer sector stays

AmInvestment Bank said its top picks are MR DIY Group (M) Bhd, Guan Chong Bhd (GCB) and Berjaya Food Bhd (BFood).

KUALA LUMPUR: AmInvestment Bank has maintained its “overweight” recommendation on the consumer sector as the demand and supply recovery remains intact as the economy gradually reopens.

The investment bank said it noticed optimism in consumers’ future spending as reflected in the consumer sentiment index, as economic activities pick up steam and Covid-19 daily cases decreasing.