Consumer stocks to gain on spending measures

Quick Summary:

Consumer stocks, particularly those selling small-ticket items, are poised to benefit from the government’s initiatives to boost consumption.

Tradeview Cpital's Ng opines that big-ticket items may continue to face challenges in the current market.

Lau said laggards like CAB Cakaran Corp Bhd, QL Resources, Spritzer Bhd and AEON are expected to do fine.“Another factor that not many people talk about is the initial public offering (IPO) market, which has done relatively well.

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Article Details

Author / Journalist: ELIM POON

Category: EconomyBusiness

Markets: Malaysia

Topics: BoostingConsumption Markets ConsumerStocks CivilServantPay SmallTicketItems /Business/Business News BursaMalaysia EPFAccount3 StockMarketOutlook

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 658 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21484605

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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