Hard hit aviation, tourism sectors get biggest help in wage subsidies
Stocks expected to benefit include SIA, SATS, Genting Singapore, Sheng Siong and Jumbo Group
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Anita Gabriel
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Singapore
THE battered services and labour-intensive sectors plus supermarket and F&B operators on the Singapore bourse got a much-needed boost amid the dark clouds of Covid-19 from the government's "fiscal bazooka" unveiled on Thursday.
The strong support for sectors that have been hardest hit by the outbreak will lift the "burden of staff costs" for the likes of Singapore Airlines (SIA) and ground-handling and in-flight catering service provider SATS, according to CGS-CIMB Research analyst Lim Siew Khee.
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