SGX announces independent research paper on retail sector

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.