Shyon
01-29

This is definitely a good news and a great stimulus to Singapore economy. Chinese tourists are famous with their spending power, no? Haha 😂.

For such, I believe that stocks listed in SGX specially in the hospitality, transport and retail sectors will set for a boost with the relaxation of visa regulations between China and Singapore.

The aviation industry also stands to gain from more Chinese visitor arrivals, which will benefit $SINGAPORE AIRLINES LTD(C6L.SI)$  $SATS LTD.(S58.SI)$ and taxi service for the tourist to move around in Singapore like $ComfortDelGro(C52.SI)$  .

With the increasing expenses, bank sector will be getting advantages as well, therefore bullish for $DBS GROUP HOLDINGS LTD(D05.SI)$  $OVERSEA-CHINESE BANKING CORP(O39.SI)$  .

Personally I think this 30-day visa-exemption agreement, is part of the critical drive to bring travel back to – and beyond – pre-Covid levels.

Not to forget that before the pandemic, China was Singapore's largest source market of international visitors, accounting for 19 per cent or 3.6 million of the total number. Will China make Singapore tourism back to glory period again? Let's see, I am quite positive for it. [Call]  [Call]  [Call]  [Call]  [Call]  [Eye]  [Eye]  [Eye]  [Eye]  [Eye]  

Attachment photo : Singapore's Deputy Prime Minister Lawrence Wong (left) meets Chinese Vice-Premier Ding Xuexiang in Tianjin.

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Which S'pore Stocks Would Benefit From Visa-Free Travel?
Singapore and China are working on a mutual 30-day visa exemption, expected to start in early 2024. If more Chinese tourists come to Singapore, which Singapore stocks would benefit from increasing travel demand?
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Comments

  • JC888
    01-29
    JC888
    U do realize that the greater the dependence on any one country for trade (tourist, manufactured gds, agri) the more this could be weaponised against an economy like Singapore's right?
    • ShyonReplyJC888
      It is possible but I heard although India is growing fast, but then their management and quality is still not up to level yet.
    • JC888ReplyShyon
      It will come to pass when eventually India overtakes China in 10 years time maybe? Hee hee
    • Shyon
      Yes agree with your opinion. Just like what US did onto China. But we cant deny that nowadays most economy is largely contributed from Chinese consumers.
    • Shyon
      Thanks for your review [Heart] [Heart] [Heart] [Heart] [Heart]
  • Shyon
    01-29
    Shyon
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