Chart of the Day: Consumer stocks fared worst among sectors in 3Q
They missed analysts’ expectations.
Other than Sino Grandness, consumer stocks fell short of expectations.
According to a report by Maybank Kim Eng, consumer names disappointed big time, led by OSIM and Super.
OSIM booked a weaker topline and higher costs from TWG Tea and legal charge-outs. Super had to bear higher input costs amid an unfavourable product mix.