Consumer

Consumer: Old is gold for consumption growth story
-McKinsey highlighted that more than half of consumption growth in Singapore will be driven by those above 60 years of age in the next 15 years
-Trend is consistent with other developed regions
-Glamorisation of youth by marketers is ill-founded
-Growth driver is now shifting away from products to more services-focused, as growth is likely to stem from higher per capita spending more than population expansion

+ve

Heathcare:
- Raffles Medical
- Q&M Dental
- ISEC Healthcare
- Parkway Life REIT

Restaurant:
- Jumbo

Hotel:
- CDL Hospitality Trusts
- Frasers Hospitality Trust

Leisure:
- Straco