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China's reopening to international travellers to 'inject new momentum' to aviation sector's recovery: UOB Kay Hian

Felicia Tan
Felicia Tan • 6 min read
China's reopening to international travellers to 'inject new momentum' to aviation sector's recovery: UOB Kay Hian
Singapore Airlines (SIA) is seen as a “key beneficiary” by UOB Kay Hian's Roy Chen due to the recovery of flight activities between Singapore and China. Photo: Bloomberg
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UOB Kay Hian analyst Roy Chen is keeping his “market weight” rating on the Singapore aviation sector even after China’s reopening to international travellers look set to “inject new momentum” into the recovery of the sector.

From Jan 8, inbound travellers to China will no longer need to serve any quarantine period. Inbound travellers are also no longer required to take a Covid-19 test upon arrival; they will only have to submit a negative polymerase chain reaction (PCR) test within 48 hours of travelling.

Singapore is also said to be among the top 10 tourism destinations for mainland Chinese, according to travel site, Trip.com. The top tourism destinations were selected based on search volume. Other top destinations include Japan, South Korea, Thailand, Malaysia, the US, the UK, Australia, Hong Kong and Macau.

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