0308 GMT - The outlook for Malaysia's consumer sector may remain steady, with selective opportunities emerging, Kenanga IB analyst Thin Yun Jing says in a note. The sector could experience gradually improving momentum due to higher disposable incomes from wage hikes and increased tourism, she notes. Valuations for consumer staples like Fraser & Neave appear attractive, with margin stability offering potential upside, she adds. Despite ongoing cost pressures, Thin believes companies are mitigating the impacts throughproductivity optimisation and solar energy adoption. Kenanga maintains a neutral rating on the Malaysian consumer sector, pegging Fraser & Neave, Mr. D.I.Y. Group $(MIMI)$ and Karex Bhd as its top picks in the sector. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
January 05, 2025 22:08 ET (03:08 GMT)
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