SINGAPORE (Sept 2): Unsurprisingly, the recent Zika outbreak in Singapore is expected to send shockwaves across local markets, especially with the rapid acceleration of virus cases. The number of infections within the republic stands at 151 as of Thursday.
The question is: Which stocks and sectors will be exposed to the fallout, and to what extent?
In a Friday report, UOB Kay Hian analyst Andrew Chow says sectors facing potential implication include hospitality, aviation, gaming, retail and healthcare. The impact will depend on the severity of the Zika cases as well as the period of the travel advisory warnings and alert levels declared as a result, he adds.