The anticipated higher coffee and CPO prices, amongst other commodities, are expected to put margin pressure on food producers, it said.
PETALING JAYA: The consumer sector has been reduced to “underweight” from “neutral” by HLIB Research, on expectations of higher commodity prices and tepid consumer spending in 2020.
The research house, however, is positive on brewers, given the government’s continued enforcement on illicit alcohol.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
