The Singapore Exchange (SGX) has launched an independent research report. The research paper covers the retail sector in four Asean countries, namely Singapore, Indonesia, Malaysia and Thailand.
Titled “Asean Retail: Overview, Trends and Outlook, with a focus on SGX-listed Companies”, the report evaluates the growth potential for ASEAN’s retail industry in response to rising middle-class consumers, increasing spending power and rising e-commerce sales.
The report is segmented into six retail subsectors and for each, covers an in-depth analysis of the key sector drivers and an overview of the SGX-listed companies that are in these sectors.
There are currently 43 retail companies listed on the SGX, with a market capitalisation of $30 billion.
According to the report, retail sales in Thailand, Singapore, Malaysia, and Indonesia are projected to collectively reach US$1 trillion ($1.3 trillion) by 2018. Asean consumers also have higher purchasing power propelled by fast-growing incomes while the e-commerce space has expanded, offering new opportunities for retailers.
“Despite headwinds facing the retail sector recently, we recognise the need to keep investors informed of the sector’s longer-term growth outlook in ASEAN, which continues to be backed by strong demographic and macroeconomic fundamentals. The emergence of e-commerce also presents an exciting growth opportunity for the sector,” says Simon Lim, SGX Head of Equity Capital Market (Sectors).
To download a copy of the research report, go to sgx.com/retailcluster.
