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.
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.
