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SIA Engineering, SingPost and SingTel to benefit from Singapore's reopening: CGS-CIMB

Jovi Ho
Jovi Ho4/27/2022 12:13 PM GMT+08  • 3 min read
SIA Engineering, SingPost and SingTel to benefit from Singapore's reopening: CGS-CIMB
On the flipside, healthcare providers like Raffles Medical Group and Q&M Dental Group face downside risks.
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Singapore’s reopening continues to gain ground, says CGS-CIMB Research analyst Lock Mun Yee, putting SIA Engineering Company (SIAEC), Singapore Post (SingPost) and SingTel in good stead for the coming months.

“Sectors that will benefit include retail and office landlords, transport and those tourism-related as well as hospitality,” writes Lock.

In an April 25 note, Lock is maintaining “add” on all three companies, with target prices of $2.92 for SIA Engineering, 90 cents for SingPost, and $3.30 for SingTel.

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