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Tuesday, August 02, 2022

Consumers chose to dine at home to reduce excessive spending

 

Analysts positive on Sheng Siong as inflationary pressures rise (13 Jul 2022, The Business Times)
 
With rising inflation, Sheng Siong Group will see an increase in demand for its groceries, as consumers switch to more economical home-cooked meals, rather than spend on dining out
The easing of Covid-19 restrictions, which has led to a moderation in demand, will be offset by a boost in inflation-induced demand for the value-for-money supermarket chain, as consumers choose to dine at home to reduce excessive spending

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