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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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Singapore Retail Staples: Sector Stays Resilient, Sheng Siong and DFI Lead

Singapore’s grocery retail sector continues to display resilience, with RHB keeping its “Overweight” rating on retail staples, citing steady earnings, defensive positioning, and reliable dividend payouts.

Sector Outlook

  • Resilient earnings underpinned by defensive demand.

  • Supermarket sales averaged 127 index points (Jan–Jun 2025), above the 2024 average of 124.

  • Growth supported by stronger consumer demand and new public housing developments.

  • Estates like Kranji could open long-term expansion opportunities, particularly for Sheng Siong, given its track record of aligning with HDB launches.

Top Picks

Sheng Siong (SGX: OV8)

  • Earnings CAGR: Projected at 10% through FY2027.

  • 1H25 performance: Stronger revenue and improved margins prompted RHB to raise forecasts.

  • Store expansion: New outlets now average 8,500 sq ft, larger than the earlier 6,000 sq ft estimate — boosting leverage and margin potential.

  • Valuation:

    • Trading at 20.6x FY25F P/E.

    • 17% upside potential.

    • Dividend yield: 3.4%.

  • Strengths: Solid balance sheet, healthy cash flow, efficient cost control.

DFI Retail Group (SGX: D01)

  • Earnings CAGR: Forecast at 13% through FY2027.

  • Recovery drivers: Health & beauty and home furnishing segments outperforming; reduced drag from associates.

  • Corporate actions: Store rationalisation and staff right-sizing expected to further improve earnings.

  • Valuation:

    • 30% upside potential.

    • FY25F P/E: 17.1x.

    • Dividend yield: 3.3%, with a surprise special dividend of 44.3 US cents paid in 1H25.

Analyst Take

  • RHB view: Sheng Siong is a dependable compounder, while DFI remains on track for earnings recovery.

  • The brokerage highlights that retail staples are positioned to benefit from stable demand, housing-linked growth, and restructuring gains.

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