Report: Malaysian consumer industry valuation is expected to reflect cost concerns.

Securities analyst Liew Yi Jiet stated in a report that the current valuation of the consumer industry in Malaysia may largely reflect recent concerns about rising costs. The global increase in energy prices is driving up inflation. However, companies selling essential goods should be able to withstand concerns about rising costs, partly because they have pricing power and a strong distribution network. The analyst said, "These factors allow them to selectively pass on costs and maintain profit margins, enhancing the attractiveness of the industry as a defensive profit investment choice in the face of geopolitical uncertainties and potential risk aversion sentiments." The securities firm maintains its overweight rating on the Malaysian consumer industry.