Consumer sector to ride on resilient demand and tourism

MIDF said the consumer sector is a “defensive play” with solid profit margins for food and beverage producers following the fall in raw material prices.

PETALING JAYA: The outlook for the consumer sector remains positive with robust retail trade projected following increased tourism activities and resilient demand for staple-related products.

According to MIDF Research, retailers such as Aeon Co (M) Bhd, Padini Holdings Bhd, QL Resources Bhd, Fraser & Neave Holdings Bhd (F&N) should benefit from the upward trend in retail sales this year.