Kenanga IB Keeps Distributive Trade Forecast At 6.1 Pct Amid Energy-driven Downside Risks
KUALA LUMPUR, April 10 (Bernama) — Kenanga Investment Bank Bhd (Kenanga IB) maintained its 2026 distributive trade forecast at 6.1 per cent, though downside risks from the ongoing energy crisis may warrant a downward revision. Regarding outlook, Kenanga IB said near-term sales momentum should stay resilient, supported by the recent festival season. “Fiscal measures will provide an additional lift to domestic consumption, and the Visit Malaysia 2026 campaign should reinforce sales growth. While the US-Iran ceasefire offers some near-term relief, renewed geopolitical strains and energy price volatility remain key downside risks,” it said in a research note today. On the […]
