Spiking Inflation Puts Dampener on Consumer Sentiment
Yap Po Leen, Analyst, Affin Hwang Capital
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Reeling from the effects of weaker sentiment, headline profit in the consumer sector fell 16% y-o-y, as players also expect further margin compression from higher raw material prices. Yap Po Leen, Analyst at Affin Hwang Capital discusses further on the new Price-Control Act, impact to industry players and top picks.
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Tags: Malaysia equities, consumer sector, commodities, Price-Control, tobacco, breweries, Hai-O, Heineken, Aeon, MSM, consumer sentiment, Ringgit