Bright spots among Singapore-listed F&B stocks despite potential tightened Covid-19 measures

JUST over a week after the easing of dining and social gathering rules, Singapore-listed food and beverage (F&B) operators are bracing for another round of tightened measures with the emergence of the new Covid-19 variant Omicron.

While any reimposition of social-distancing measures ahead of the holidays and festive season will inevitably hurt the F&B industry, analysts remain positive about reopening and are pointing to players that have a strong presence in heartland areas.

Concerns over the impact of the Covid-19 Omicron variant have threatened to derail the pace of reopening plans globally. In Singapore, Prime Minister Lee Hsien Loong said on Sunday (Nov 28) that the city-state may be forced to roll back the easing of safety measures as it moves forward to tackle the disease.