A more optimistic outlook for consumer sector this year

MIDF Research maintained its “neutral” call on the sector.

PETALING JAYA: The consumer sector is looking more optimistic this year as domestic spending is expected to be boosted by government handouts to increase spending on staple food and a higher number of tourist arrivals.

In a note, MIDF Research maintained its “neutral” call on the sector as there has been evidence of an unwavering demand for food and beverage (F&B) and non-specialised items since last November.