F&B

F&B: Business Times has highlighted the consumer staple sector after yday’s run. Khong Guan Flour was up 49.4% but has responded to SGX’s query that it had nothing to disclose. Other companies highlighted include Auric Pacific up 15.9% and Yeo Hiap Seng which closed at its all-time high of $5.37. However the article cautions that volumes were light which suggest price numbers might not be well supported. Both Synear and Cerebos Pac are already undergoing privatisation offers Other companies which we highlighted yday include QAF, Food Empire, BreadTalk, Super, Viz Branz. Smaller companies are likely to be the focus of this thematic play as privatisation is the underlying drivers. Other F&B retail plays (more discretionary than staple) include ADR and Chaswood.