Budget 2020: Boon for some, muted impact for most listed firms

Singapore

IN sunnier times, there would have been jumbo winners on the Singapore Exchange from hotels, malls and aviation firms to retailers as a result of the cash splash, plentiful rebates on taxes to rents, delayed consumption tax and loans doled out by Singapore's Budget 2020.

Instead, except for certain players in the consumer sector with one hands-down winner - supermarket operator Sheng Shiong - analysts are not expecting businesses to see a major revenue uplift from the Budget measures which were largely aimed at cushioning the blow for sectors hit hard by the Covid-19 outbreak.