To The Moon

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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