Recovery of cyclical consumer stocks hinges on travel restart

Analysts' picks include Koufu, Delfi, ThaiBev, Straco and supermarket operators; there is less optimism over tourist-reliant plays such as Jumbo

Published Thu, Apr 22, 2021 · 05:50 AM

Singapore Stocks

Singapore

DESPITE expectations of rising inflation and stronger economic growth, analysts remain mixed about the prospects for consumer stocks given that international borders remain largely shut.

The impact of the Covid-19 pandemic had been uneven across consumer stocks, with supermarket players being among the biggest beneficiaries while cyclicals such as those in the food and beverage (F&B) and entertainment sectors had taken a beating amid measures to contain the virus.

Expectations of hi…