“For Singapore, we think the circuit breaker is unlikely to be extended beyond June 1, considering that community cases are on a downtrend with less than 20 community cases per day reported in the past 5 days,” say DBS analysts Kee Yan Yeo and Janice Chua. “Beneficiaries of a gradual easing of movement restrictions are retail REITs - Mapletree Commercial Trust, CMT, Lendlease, F&B - Koufu, and Public Transport - ComfortDelgro.”
SINGAPORE (May 5): As the world begins to tentatively lift tough lockdown measures implemented in the wake of Covid-19, DBS Group Research has advised investors to look into Covid-19 casualties that could benefit from the lifting of these measures in the coming month.
European countries are set to reopen for business in May as Spain and the Netherlands have begun easing lockdown measures with Germany, France and Italy following suit. Thirty-one of the 50 US states have begun to slowly phase out movement restrictions, with lockdowns in the US’ epicentre New York set to expire on 15 May. ASEAN economies like Malaysia, Indonesia and the Philippines will also lift their restrictions in mid-May.
