The sector was the worst performer for 2012, tumbling 17.5%.
The Consumer Goods sector was the worst performing sector for 2012, tumbling 17.5% due mainly to CPO-related stocks and Supply Chain managers, said DBS Group Research.
"CPO prices have eased about 31% for 2012 on rising inventory. Olam, on the other hand, was affected by a negative report by Muddy Waters while Noble Group was hit by weak results. Our top pick for the CPO sector, Bumitama Agri, has done relatively well compared to its peers."
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