Invest
3 Stocks That Benefit from a Surge in Consumer Spending
By The Smart Investor  •  April 21, 2021
With many economies slowly opening up, consumer sentiment has been on the rise. Investors can see this as a virtuous cycle. As economies reopen and more people are allowed to shop, the resultant demand generates revenue and cash flow for businesses. And as businesses thrive again, they can also hire more staff, thus boosting spending ability and strengthening consumers’ propensity to spend. The signs are there. China, one of the first countries to reopen to a new normal post-pandemic, just logged GDP growth of 18.3% year on year for its first quarter, the fastest in three decades. Singapore also reported its first GDP expansion after three quarters of contraction, delivering0.2% year on year growth in the first quarter. Investors who are looking for businesses that latch on rising consumer spending should turn their attention to these three companies. Delfi Limited (SGX: P34) Delfi, which used to be known as Petra Foods, manufactures...
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance