Cyclical stocks linked to domestic consumption expected to benefit
Analysts see banks as long-term winners of recovery; F&B and telcos are other sectors forecast to get a boost
Add BT as a preferred sourceClaudia Tan HS
Singapore
SINGAPORE's transition towards Phase 3 as the city-state joins the rest of the world to roll out vaccines to its citizens will be a boost to the local market, particularly for cyclical stocks with exposure to domestic demand, according to analysts.
This comes as investor and business sentiment is lifted by optimism for a pick-up in economic activity following Prime Minister Lee Hsien Loong's announcement that Phase 3 of Singapore's reopening will start on Dec 28.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
