Brokers' take

Singapore consumer | Overweight RHB Securities Singapore, Nov 29

We think the GST hike would not happen in the near term but may come after the current government's term of office ends. Names under our coverage that might be affected include the ones listed below.

Consumer staples

Dairy Farm and Sheng Siong should be less affected by a GST hike, given the nature of consumption of staples.

Taxes on e-commerce spending may make shopping at these brick-and-mortar supermarkets …