SINGAPORE (Dec 19): DBS Group Research is keeping the Singapore consumer goods sector at “overweight” ahead of a projected 8.6% earnings growth in FY2017F.

This is on the back of companies’ exposure and growth outside of Singapore, says DBS lead analyst Andy Sim.

The growth will be “underpinned largely by expectations of a continued pick-up in consumer sentiment in regional economies, such as Thailand and Indonesia,” says Sim.

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