Singapore stocks in travel, China business stand to benefit from mainland’s reopening
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SPECULATION is rife that mainland China will soon embark on some kind of reopening, after the nation announced last Friday (Nov 11) the easing of some travel and quarantine measures. If restrictions are indeed lifted, quite a few China-focused stocks listed in Singapore could be potential beneficiaries.
Analysts said counters that could ride on the upturn are those that have exposure to China, as well as those that would benefit from a revival of the Chinese tourist dollar.
In a report published on Monday, the UOB Kay Hian (UOBKH) research team noted that the Chinese government has been signalling, through its announcement on adjustments to Covid-related curbs, that it is taking preliminary steps to reopen the economy.
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