Impact of this year’s F1 motor race in Singapore on retailers in Marina Bay area expected to be worse than last year’s, says DMG research head Terence Wong, according to Dow Jones.

“This is one period which is much loathed as shopper traffic reportedly falls by over 30% due to the road closures. This year’s situation is exacerbated with both the National Day Parade and the Youth Olympic Games all happening over the past two months within the same vicinity,” says Dow Jones.

But notes event, from Sept 24-26, positive for hotels in same area. Singapore-listed retailers with exposure to Marina Bay area include Suntec REIT (T82U.SG), while hoteliers include UOL Group (U14.SG). Wong’s favourite stock in overall hospitality sector is CDL Hospitality Trusts (J85.SG), but even then, he says REIT looks fairly valued after last week’s 9.8% run-up, bringing price close to house’s $2.30 target price.

REIT last down 3.6% at $2.16.