PETALING JAYA: RHB Research remains neutral towards the consumer sector as it expects subdued consumer sentiment to persist.
Regarding the sector’s outlook, the research house said it expects consumer spending to remain dull, as income levels require time to adjust with the rising cost of living.
However, RHB Research added, “The healthy employment market and continuous government aid to the lower-income group should support overall consumer spending and demand for staple necessities.”
RHB Research also anticipates the robust tourism recovery will serve as a boon to the consumer sector.
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