F&B, grocery players like Sheng Siong, DFI still whet appetite of investors
Delisting of RE&S also signals interest in F&B by private equity
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DESPITE a fiercely competitive environment, Singapore-listed food and beverage (F&B) players are still a draw for investors.
The thirst for yield has also drawn private equity interest to certain businesses in the F&B and grocery sectors.
RHB Singapore senior research analyst Alfie Yeo noted that as a whole, core earnings of Singapore’s consumer sector is expected to have a compound annual growth rate of 7 per cent from FY2023 to FY2026, driven by revenue and margin expansion.
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