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Air travel bubble may lift aviation, hospitality, property stocks
Analysts expect those sectors to get a boost as two-way travel resumes between Singapore and Hong Kong
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Fiona Lam
Published Fri, Oct 16, 2020 · 09:50 PM
Singapore
AVIATION, hospitality and property stocks listed in Singapore and Hong Kong could see a boost from a proposed two-way air travel bubble between the two Asian financial hubs. But there are risks that investors have to take into account.
Specifically, Jefferies equity analyst Andrew Lee said Cathay Pacific's cash burn may quicken due to route startup costs.
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