Food & Beverage Stocks On the Verge of Rising Again? Are they Attractive to Buy Now?
Singapore’s retail sales numbers have been quite positive for the month of July 2022. Overall retail sales expanded by 13.7% to SGD3.9 billion, with sales of food caterers and restaurants growing at a whopping 133.0% and 76.8% respectively.
With the Singaporean government easing the social distancing measures in April 2022, demand for food & beverage exploded as pent-up demand from Singaporeans drove sales sharply higher for many F&B companies.
As a result, prospects for F&B companies listed in the Singaporean stock exchange (SGX) improved dramatically and could be good investments to hold now.
With that, we bring you 5 Singaporean F&B stocks that you should know…
#1 ABR Holdings
ABR Holdings (ABR) is a diversified F&B company that sells ice cream, food, and bakery products through its 25 restaurant outlets.
You probably know about Swensens more as it is the firm’s most famous brand in Singapore, as a full-service ice cream restaurant....