Muted Near-Term Outlook For Consumer Durables Equities

摘要

BMI View: Our near-term fundamental outlook favours fast-movingnconsumer goods (FMCG) equities over consumer durables stocks.nAmid a tighter credit environment, discretionary demand is likelynto become more subdued, suggesting that consumer durables equitiesnare likely to lose steam over the coming quarters. Longer-term,nhowever, we expect the outperformance of consumer durables equitiesnto their FMCG counterparts, on the back of lofty valuations ofnthe FMCG-led stocks.