SG Consumer Space Still Attractive
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Last year, Singapore's consumer sector saw a series of privatisations and acquisitions which saw both Osim and Eu Yan Sang taken private. Whilst this suggests valuations may appear attractive, consumer sentiment still remains weak overall and the index remaining in pessimistic territory. OCBC's top pick in the sector is Sheng Siong Group Ltd with a target price of S$1.15.
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Tags: Singapore equities, consumer sector, sentiment, Sheng Siong, Breadtalk, singapore equities, consumer sector, sentiment, sheng siong, breadtalk