Malaysia’s retail market has seen steady growth due to strong macroeconomic conditions. According to Mordor Intelligence, the sector’s size is estimated at USD89.66 billion in 2024 and projected to reach USD 119.64 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.94%. It is also one of the stronger consumption driven markets in the region, with retail sales increasing by 3.8% in 3Q24 with projections indicating a 4.4% growth in retail sales in 4Q24. This momentum makes consumer stocks a compelling sector to explore. Furthermore, there is strong sector tailwind as Malaysia’s inflation is rather stable at about 2% YoY in 2024. Bank Negara Malaysia (BNM) has also maintained the Overnight Policy Rate (OPR) at 3.00% throughout 2024. In addition, the government plans to reduce the spending deficit to 3.8% of GDP, implementing measures such as broadening the sales and services tax (SST) and reforming fuel subsidies, including the rationalization of RON95 gasoline subsidies by mid-2025....