Despite consumer spending expected to be stimulated with BR1M (1Malaysia People’s Aid) payments, tax cuts, and other cash handouts this year, Hong Leong Investment Bank (HLIB) Research is retaining its “neutral” rating on the consumer sector for 2018 as the consumer stocks are already trading at historical highs.
The KL Consumer Index currently trading at 32 time price-earnings (P/E) or two standard deviations above its five-year average P/E of 23.5 times.
Read more at The Sun Daily
