Our Research team’s analysis suggests that with valuations now more moderate in most cases, superior revenue growth will be a strong predictor of better stock performance. The ASEAN consumption space is one of the more uncontested multi-year growth areas in Asia. With listed equities potentially grabbing a larger share of overall consumption, low double-digit sector-wide top-line growth is easily possible, and many individual stocks should well exceed this.
Our analysts have identified 14 among Nomura’s 79-stock coverage universe in 5 broad consumption categories that they believe fit the key growth themes and could still double from here. A continued upgrading process in F&B/FMCG as well as travel/leisure, preference for CVS formats, increasing technology adoption, structural rises in data consumption and healthcare spending will drive growth.
Click here to view the full Anchor report. Key themes and analysis include:
- The shift of consumption patterns with rising incomes, ageing and technology adoption
- Detailed analysis of growth areas in Retail, F&B, FMCG, Telco, Healthcare, Transport, Gaming and Hotel sectors in ASEAN
- Initiating coverage on the Philippine consumer space, SEM and SSGRead more