Spending on staple goods forecast to remain steady

MIDF Research also anticipates domestic retail spending on essential and affordable products will remain steady.

PETALING JAYA: MIDF Research foresees continuous currency pressure on companies that import raw materials, predominantly food and beverage (F&B) and livestock producers.

This includes QL Resources Bhd, Fraser & Neave Holdings Bhd, Leong Hup International Bhd, Hup Seng Industries Bhd, Spritzer Bhd and Nestle (M) Bhd, which are under the research house’s coverage.