KUALA LUMPUR (March 22): Despite the high costs, Affin Hwang Research expects that retailers and brewers will be able to pass on the high costs as Malaysia begins to emerge from the pandemic period, as socio-economic activities resume and consumer demand resumes. , however, the food and beverage industry is expected to face stiff competition. Fierce competition in the food and beverage industry. Affin Hwang's research believes that after the global financial tsunami in 2008, despite the high commodity prices, the retail industry is the main beneficiary in the consumer sector, while the food and beverage industry is affected by the compression of profit margins. Today, in the post-epidemic era, we are also facing the problem of soaring living expenses and raw material prices. The bank believes that the recovery of disposable income is enough to offset the cost of living due to raw materials, high food and beverage prices, high transportation and housing costs, mainly due to the restart of economic activities to improve employment and disposable income. Independent smallholders earn RM4.3 billion due to high palm oil price (if it rises from RM5,000 to RM6,000 per metric ton, the income per owner will double to RM18,600), and the government's aid distribution increased by 26.2% year-on-year to 8.2 billion Ringgit.
Source - Sinchew
Indicator show buying signal at price point 1.7 with carries a high volume trend in this week. This will show good signal for this counter to pursuit price rally for short term and longterm buyer.
Source - Sinchew
Indicator show buying signal at price point 1.7 with carries a high volume trend in this week. This will show good signal for this counter to pursuit price rally for short term and longterm buyer.