Sector Capsule: Fortified/Functional Beverages in India
Fortified/functional beverages recorded current value growth of 7% in 2017 to reach INR77.9 billion. In July 2017, Food Safety and Standards...
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Italian Chaos Jolts Markets, US Trip Notes…
My view in the 17th May note that the ‘bond vigilantes’ would be unleashed on Italy has transpired even faster than I expected with the 10-year...
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With ‘Brand Building’ Ad Era Over, Can Food Inflation Rescue FMCG Margins?
I’ve been underweight consumer staples on valuation and business model disruption risks since 2015 and the sector has de-rated significantly...
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Sector Capsule: Sports Drinks in China
Sports drinks posts off-trade growth of 5% in volume and 6% in current value terms in 2017 Growing trend of regular exercise and sports...
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Tingyi (322 HK): Leveraging of Global Know-How
Earnings on an upcycle trend, good price momentum, and good cost management relative to its sector Strong brand gives competitive advantage that...
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