Consumer stocks

Consumer stocks: OSK DMG hosted 21 regional consumer companies from six countries/regions - Hong Kong, Indonesia, Malaysia, Philippines, Singapore and Thailand – at its inaugural RHB Consumer Day yesterday. Responses from clients were overwhelming with packed meetings throughout the day. Key highlights from the locally-listed consumer stocks: Eu Yan Sang (BUY, TP: $0.92) - In view of the escalating rental costs, the group will focus on growing its wholesale business which contributed 14.6% of the FY13 revenue. Going forward, management expects this segment to grow by at least 25% per annum underpinned by acquisition of new wholesale customers." Parkson Retail Asia (NEUTRAL; TP: $1.28) - PRA is bullish on its prospects in Indonesia, and is guiding for same store sales growth (SSSG) of 7%-9% in FY14. For Vietnam, PRA has guided for SSSG of 5%." Sheng Siong (BUY, TP $0.78) - The domestic grocery sector is highly competitive especially in the budget segment, which recently saw one of its competitors retreating from this space through a rebranding exercise." Sino Grandness (BUY, TP: $1.74) - SFGI’s strategy is to be synonymous with the loquat fruit. Hence, it plans to continue to expand its loquat beverage products, It targets to introduce 1 to 2 new SKUs of Garden Fresh juice range per year.