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Singapore food manufacturers in spotlight as Asean consumption recovers

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Megan Cheah

Megan Cheah

Published Thu, Dec 7, 2023 · 05:00 AM
    • RHB Singapore analyst Alfie Yeo favours Delfi, which has a strong presence in Indonesia, as it is likely to benefit from the country’s consumption recovery.
    • RHB Singapore analyst Alfie Yeo favours Delfi, which has a strong presence in Indonesia, as it is likely to benefit from the country’s consumption recovery. PHOTO: MEGAN CHEAH, BT

    SINGAPORE-LISTED food and beverage (F&B) manufacturers should get a lift from a post-Covid consumption recovery across South-east Asia next year.

    Industry watchers warned, however, that these companies also face headwinds from higher interest rates and inflationary pressures.

    F&B manufacturing companies – such as Chang beer maker Thai Beverage , confectionery brand Delfi and instant 3-in-1 coffee maker Food Empire – have shown resilience in the past year.

    Singapore Consumerconsumer confidenceSouth-east AsiaDelfi LtdFood EmpireThai BeverageAseanAsean Business

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