As Singapore gradually relaxes the Covid-19 restrictions from June 14 onwards, cyclical names should experience a return to growth after an expected weak 2Q2021, according to RHB Group Research analyst Shekhar Jaiswal.

“With 75% of the population expected to be fully vaccinated by October, a gradual, controlled return of tourists could begin by year-end – offering earnings growth to companies dependent on the resumption of international travel,” writes Jaiswal.

The planned inoculation of 75% of the population could see a gradual but controlled return of tourism by year-end, which could be positive for the aviation and hospitality sectors.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook