On a Recovery Mode?
The biggest move to reopen Singapore's borders will be a clear boost to international travelling, paving the way for better connectivity to travel destinations. The opening up of the transatlantic travel market is the most important development for international air travel since the beginning of the global pandemic. The launch of the VTLs will also facilitate hub connectivity to other destinations in Asia. Shares of aviation and hospitality companies such as $SIA (C6L.SG)$, $SATS (S58.SG)$, $SIA Engineering (S59.SG)$, $ST Engineering (S63.SG)$, $Genting Sing (G13.SG)$ would stand to gain the most with the opening up of Singapore's borders as the city state shifts to the endemic phase of living with Covid-19. While deliberate efforts are made to open up borders, recurring concerns like renewed infections, varying rate of vaccinations and changing regulations imply that the path towards a swift recovery in travel and hospitality sectors may not be as smooth as anticipated.
$FTSE Singapore Straits Time Index (.STI.SG)$
$FTSE Singapore Straits Time Index (.STI.SG)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Jeet Kune Do : Thoughtful
ZenTime : Looking good. Wish to travel soon![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Spearhead : It's good news for aviations and hospitality services sectors..
divinepapa : Soon it back to 50% level of what it was priced.
Mikey_Vibez : This is good news for traders who hold C6L![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
garay : Reopening of borders could help travel companies and economies that rely heavily on tourism. Could be more of an economical reason to start opening borders. Proper planning could make it work well
Southern Eagle : Things are looking better now. Increase in tourism will be good for SG economy.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
garay divinepapa : I think 50% is too far fetched
Krel : Just like rain rain go away, come again another day. Covid go away, don't ever come here again.
Syuee : Agree, aviation stocks, hospitality (and even F&B) companies would stand to gain the most.
View more comments...