As Prime Minister Lee Hsien Loong announced on Dec 14 that the country will be entering Phase 3 of reopening from Dec 28, CGS-CIMB Research analyst Lim Siew Khee says there are still positive implications to the equity market even though the changes in Phase 3 were already expected.

See: Singapore to move to Phase 3 on Dec 28, gatherings of up to 8 people allowed

This, she says, is due to the firm timeline of the deployment of the Covid-19 vaccine.

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