SECTOR FOCUS OF THE DAY
Consumer : Takeaways from Asia Pacific Retailers Convention NEUTRAL
We attended the 18th Asia Pacific Retailers Convention and Exhibition 2017. It is the longest running biennial regional retail conference in Asia Pacific. The core retail topics discussed were future retail customers, winning retail formats of the future, retail technologies and solutions and omni-channel retailing. Insights into these core topics were discussed by renowned retail practitioners and industry heavyweights. Among them at the conference were JD.com, 11Street Malaysia, Isetan Mitsukoshi Japan, GS Retail (Korea), Seven-Eleven Japan and Ministry of Economy, Trade & Industry of Japan.
Although the e-commerce theme wasn’t addressed explicitly, elements of it were the underlying resonating theme. It will present challenges to most existing retailers but there will be opportunities to thrive.
We attempt to relate it to the Malaysian context. Among the beneficiaries of e-commerce are the convenience store operators. We think 7-Eleven and Bison’s extensive store network and increasingly established distribution chain will play well into the e-commerce theme as its stores become pickup and return hubs. On the opposite end of the spectrum, we think the shopping mall and departmental store operators such as AEON and Parkson may face an existential crisis in the longer term. They face intense competition from both online and offline players.
Others :
Sunway Construction : Bags Nippon Express warehouse construction job BUY
Telecommunication : Maxis’ year-end broadband promotion NEUTRAL
QUICK TAKES
Plantation Sector (1) : Key takeaways from Bumitama's conference call NEUTRAL
Plantation Sector (2) : Key takeaways from GGR's conference call NEUTRAL
STOCKS ON RADAR
SKP Resources, AYS Ventures, George Kent, Uzma
ECONOMIC HIGHLIGHT
China : Signs of slowing down emerging
UK: Inflation may have peaked
NEWS HIGHLIGHTS
Property Sector : KTMB seeks to unlock land value in Klang Valley
Paramount : 9M property sales hit record RM633m
MSCI : 3 stocks to join M'sia index, 4 in small cap index
Petra Energy : Bags MCM contract from Petronas
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The information and opinions in this report were prepared by AmInvestment Bank Bhd. The investments discussed or recommended in this report may not be suitable for all investors. This report has been prepared for information purposes only and is not an offer to sell or a solicitation to buy any securities. The directors and employees of AmInvestment Bank Bhd. Bhd may from time to time have a position in or with the securities mentioned herein. Members of the AmBank Group Bhd and their affiliates may provide services to any company and affiliates of such companies whose securities are mentioned herein. The information herein was obtained or derived from sources that we believe are reliable, but while all reasonable care has been taken to ensure that stated facts are accurate and opinions fair and reasonable, we do not represent that it is accurate or complete and it should not be relied upon as such. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute our judgment as of this date and are subject to change without notice.
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