Consumer sector to thrive

MIDF Research says food and beverage players are in for better profit margins.

PETALING JAYA: The consumer sector is seen as a defensive play, given the resilient demand for staple-related products, solid domestic consumption backed by stable labour market, robust retail trade and increased tourism activities, says MIDF Research.

The research firm, which is positive on the sector’s outlook, said food and beverage (F&B) producers are in for better profit margins, driven by declining global commodities prices and previous price hikes, offsetting other cost pressures.