Taylor Swift and Coldplay 2024: 4 Stocks That Could Benefit

The Smart Investor2023-07-05

It has not been long since countries reopened their borders and life has taken on some semblance of normalcy.Since then, a slew of concerts have been announced. Leading the charge is Cantopop king ...

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TeslaTTM
·2023-07-05
No direct link between the shares and record vreaking sales for these concerts right?
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href=https://thesmartinvestor.com.sg/taylor-swift-and-coldplay-2024-4-stocks-that-could-benefit/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It has not been long since countries reopened their borders and life has taken on some semblance of normalcy.Since then, a slew of concerts have been announced. Leading the charge is Cantopop king ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/taylor-swift-and-coldplay-2024-4-stocks-that-could-benefit/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"42R.SI","symbol_name":"珍宝餐饮集团","start_time":0,"source_url":"https://thesmartinvestor.com.sg/taylor-swift-and-coldplay-2024-4-stocks-that-could-benefit/","article_id":"2349468481","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2349468481","pubTimestamp":1688522077,"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"The explosion in the concert scene will bring much-needed tourism dollars into Singapore, benefitting these four stocks.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"42R.SI":"珍宝餐饮集团","C38U.SI":"凯德商用新加坡信托","Q5T.SI":"远东酒店信托","S85.SI":"星雅集团"},"translate_title":"泰勒·斯威夫特和酷玩2024：4只可能受益的股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"42R.SI":1,"C38U.SI":1,"Q5T.SI":1,"S85.SI":1},"content_text":"It has not been long since countries reopened their borders and life has taken on some semblance of normalcy.Since then, a slew of concerts have been announced. Leading the charge is Cantopop king Jacky Cheung who boasts a stunning total of 11 sold-out concerts, with 88,000 tickets sold.Next, there is British rock stars Coldplay who are slated to play a total of six shows in January, selling out an estimated total of 300,000 tickets.To add icing on the cake, international superstar Taylor Swift is also poised to perform six shows here in March, her only Southeast Asian stop, with VIP packages going for as high as S$1,228.This flurry of activity is guaranteed to bring in a huge crop of tourists and boost the tourism, hospitality, and food and beverage sectors.Here are four stocks that look well-positioned to benefit from these concerts.Straco Corporation Limited (SGX: S85)Straco is a developer and operator of tourism-related assets.The group owns the Shanghai Ocean Aquarium and Underwater World Xiamen, both located in China, as well as the Lixing Cable Car service in the Lintong district.In Singapore, Straco owns and operates the iconic Singapore Flyer, a giant observation wheel and a landmark in the Marina Bay area.Straco saw a sharp rebound in its financial results for the first quarter of 2023 (1Q 2023) as consumer confidence increased and people started flying for holidays.Revenue for 1Q 2023 more than doubled year on year to S$12.5 million from S$4.8 million, and the group posted a net profit of S$1.6 million, reversing the S$3 million loss in the prior year.The influx of tourists next year for the Coldplay and Taylor Swift concerts should bode well for the business as it will bring more people to the Singapore Flyer.Jumbo Group (SGX: 42R)Jumbo is a multi-dining concept food and beverage (F&B) group.It has a total of eight F&B brands including Jumbo Seafood and Chao Ting Pao Fan, and also has 45 F&B outlets in 13 cities in Asia.The group’s signature chilli crab dish was cited as an “iconic dish” by TasteAtlas, an online guide to traditional food, and the restaurant chain Jumbo Seafood has made it to the list of the 150 Most Legendary Restaurants in the world.Such an accolade could make it an attractive food choice when the flow of tourists descends on Singapore in January and March next year.Similar to Straco, Jumbo reported a significantly better financial performance for its fiscal 2023’s first half (1H FY2023).Revenue surged 73.3% year on year to S$85.9 million while net profit came in at just under S$8 million, reversing a S$4.4 million loss a year ago.Far East Hospitality Trust (SGX: Q5T)Far East Hospitality Trust, or FEHT, is a hospitality trust that owns nine hotels in Singapore worth a total of S$2.1 billion as of 31 December 2022.FEHT has reported an improved set of earnings for 1Q 2023 as more tourists arrive in Singapore due to pent-up demand for travel.Gross revenue rose 20.1% year on year to S$25.2 million while net property income (NPI) jumped 24.4% year on year to S$23.7 million.As a result, income available for distribution shot up 24.1% year on year to S$18.2 million.Come 2024, the hospitality trust will benefit from the rush of tourists from the region as they arrive on Singapore’s shores to attend these concerts.The trust’s hotels should see a continued increase in average occupancy and revenue per available room (RevPAR).FEHT is also carrying out an asset enhancement initiative for its Rendezvous Hotel which will see the renovation of public restrooms and a refreshed F&B tenant mix, making the hotel more attractive to tourists.CapitaLand Integrated Commercial Trust (SGX: C38U)CapitaLand Integrated Commercial Trust, or CICT, is a retail cum commercial REIT with 21 properties in Singapore, three in Australia, and two in Germany.The assets under management stood at S$24.2 billion as of 31 December 2022.CICT’s downtown malls should enjoy higher footfall and tenant sales as more tourists visit Singapore in the first quarter of 2024.This group of malls saw a tenant retention rate of 75% for 1Q 2023 and also enjoyed a positive rental reversion of 7.2% for the same period.The REIT’s financial performance also saw an improvement in 1Q 2023, with gross revenue rising 14.4% year on year to S$388.5 million and NPI improving by 11.3% year on year to S$276.3 million.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":194498872061984,"gmtCreate":1688522998706,"gmtModify":1688523002682,"author":{"id":"3572861472613031","authorId":"3572861472613031","name":"TeslaTTM","avatar":"https://static.tigerbbs.com/8365e0e3f1bed08885c0c201c5f7fb19","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3572861472613031","authorIdStr":"3572861472613031"},"htmlText":"No direct link between the shares and record vreaking sales for these concerts right?","listText":"No direct link between the shares and record vreaking sales for these concerts right?","text":"No direct link between the shares and record vreaking sales for these concerts 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