Usually when people invest, they mainly go for two things. One is capital appreciation in the form of share price appreciation or passive income in the form of dividend payouts or both. If it is just for passive income, it would be easier. Just go for dividend stocks or bonds. But if the motive is more of capital appreciation, it could be harder to predict which particular company's share price would go up. So what stocks would go up soon? I shall try to answer that.
With the recovery of air travel after covid, hospitality and air travel related stocks are always in the spotlight. But will these stocks really go up and when is the time that they would perform? For those that are vested in air travel and hospitality related stocks or are interested to invest in these stocks, this would be one of the burning questions they might be pondering over.
Personally, I think that the coming 1st quarter of 2024 could have a very good chance of seeing that happening at last, due to many key events and developments that are going to take place right here in Singapore. Coldplay will be having a concert in Jan, followed by Ed Sheeran in Feb and the Singapore Airshow will also be held in Feb. China's winter school holidays and Chinese New Year will be during this period from Jan to Feb. On top of that Singapore and China just announced that the implementation of a 30 day free visa would be as early as the first quarter of 2024. Then, there's Taylor Swift and Rod Stewart coming to Singapore as well in March. These are just some of the more famous artise, and that is not including other K-pop concerts taking place in the first quarter of 2024 too.
The Singapore Airshow is a biennial global event which usually brings in a lot of visitors from all over the world. The concerts will definitely draw in the crowd as well, as these are famous artistes have very huge fan bases and fan followings locally as well as internationally. I would be very surprised if anyone who is reading this has never heard of the names of the artistes who are going to hold their concerts herenext quarter. The Chinese holiday season and impending implementation of the 30 day free visa is another very highly anticipated event too.
For those who had to travel to China or travelled back to Singapore during the covid lockdown would have known about the crazy 21 day quarantine period in China or the costly 14 day hotel quarantine that our government stopped sponsoring months after the lockdown started. This is not including the costly air tickets and not mentioning the frequent flight cancellations that took place during that period. But that is not going to happen anymore, or at least for now. Therefore, I personally feel that this 30 day free visa plus flight schedule stability will become a very great catalyst in having a very much needed increase in flow of travellers, both tourists and family to and from China, which would be extremely beneficial for our local hospitality and air travel related stocks.
As such, I would encourage fellow investors to really look through and give this idea a thought. This could still be a great opportunity to pick up these stocks if one hasn't already done so when covid first hit. The first quarter of 2024 could be their best quarter since covid. I would recommend going for the bigger brand names and stable companies, especially if they are blue chip companies.
For hospitality stocks, I would recommend to look into $Ascott Trust(HMN.SI)$ and $CDL HOSPITALITY TRUSTS(J85.SI)$ .
For air travel related stocks, I would recommend to look into $SINGAPORE AIRLINES LTD(C6L.SI)$
For me, I am personally vested in Ascott Trust (which is under the CapitaLand brand), CDL Hospitality Trusts and SIA (which is a local blue chip company).
Since I am personally vested, I could also become biased in my views here. Hence, please do read up more and carry out your own research, before forming your own opinions and/or plans for investment. In short, please DYODD and have fun investing.
Comments