Tourism-dependent stocks to benefit from Malaysia reopening: UOBKH
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Singapore
WITH Malaysia set to reopen its borders from Apr 1, tourism-related stocks would be among the key beneficiaries, said UOB Kay Hian (UOBKH) analysts in a research report on Monday (Mar 28).
Tourism aside, e-payment services, brewery and selected retail real estate investment trusts (Reits), as well as manufacturers highly dependent on foreign workers, are other sectors that could see an upturn, noted UOBKH analyst Vincent Khoo and the Malaysia research team.
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