, Singapore

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.
 

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