Consumer goods, due to their nature are defensive stocks as they serve basic necessities and even if these necessities are to others “wants”, the global population is getting more and more affluent and hence the demand for these goods is increasing.
I am glad to see so many consumer stocks listed on Singapore stocks exchange from basic necessities like curry puffs of Old Chang Kee to supermarkets like Sheng Siong and to luxury massage chairs of Osim. What I think make defensive stocks become more cyclical is due to the fact that more and more of these consumer goods companies choose to expand overseas and hence they have overseas markets beside local ones.
Super Group stock price has since seen its stock price heading north ever since the price went south to $2.90. In Super Group’s stock heydays, the stock traded at around $4.90. The political situation in ......