In today’s briefing:
- Singapore Market Roundup (25-Dec-2024): DBS positive on Seatrium after FPU win; monitoring probe.
- Thematic Report: Is India Shifting from Essentials to Experiences in Consumer Spending?
Singapore Market Roundup (25-Dec-2024): DBS positive on Seatrium after FPU win; monitoring probe.
- DBS remains optimistic on Seatrium after securing FPU contract despite ongoing investigation.
- Maybank Securities shows positivity towards SingPost following firing of three executives.
- Both companies are confident in their respective prospects moving forward, exhibiting strong faith in their decisions.
Thematic Report: Is India Shifting from Essentials to Experiences in Consumer Spending?
- Over the last decade, Indian consumer spending has shifted from essentials like food and housing toward services like healthcare and education, reflecting rising incomes and evolving priorities.
- Although food and beverages remain the largest spending category, their share decreased from 30.5% to 28.2% in the last decade.
- Within the food and beverage category, there is a growing preference for protein-rich foods and packaged foods while spending on staples like bread and cereals has decreased.
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