SEE:DBS Group appoints Managing Director of EDB as non-executive non-independent director
“We are also positive on Koufu as the workforce returns. Kiosks and foodcourts at offices and malls will benefit from higher footfall. About 9% of foodcourts are in offices and around 30% are in malls,” he adds.
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That said, Yeo is “negative” on Jumbo due to the lack of returning tourists, which may take time to return to pre-Covid-19 levels. Shares in CDG closed at $1.72 while Koufu, Sheng Siong and Dairy Farm closed 67.5 cents, $1.52 and $4.35 respectively.