For the driver, my favourite one will definitely be Charles Lecler, under Ferrari racing team. Ferrari is showing strong comeback in recent few races. The cars are still less competitive than McLaren but we are somewhere among the top. Go go Lecler and Ferrari!
For SG stocks that might benefit from the F1 event will be $SIA(C6L.SI)$ for increased flights, $SATS LTD.(S58.SI)$ airport and catering services due to more tourists, $Grab Holdings(GRAB)$ and $ComfortDelGro(C52.SI)$ due to more transportation demands. $Genting Sing(G13.SI)$ might be another stock that benefits from such event.
How do you think? @Tiger_comments @TigerStars @MillionaireTiger @CaptainTiger @TigerGPT @ASX_Stars @TigerSG
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Based on the news and articles I found, here's an analysis of the stocks you mentioned in relation to the F1 event:
SIA (C6L.SI) - Singapore Airlines: SIA may benefit from increased flights and tourism during the F1 event in Singapore. However, please note that the COVID-19 pandemic has significantly impacted the airline industry, and the recovery trajectory remains uncertain. It is advisable to consider the overall market conditions and the airline's financial performance before making any investment decisions.
SATS LTD. (S58.SI) - SATS is an airport and catering services provider. With more tourists expected during the F1 event, SATS could experience an increase in demand for its services. However, it is important to assess the company's overall financial health and industry dynamics before making any investment decisions.
Grab Holdings - Grab is a ride-hailing and on-demand services platform. During the F1 event, there may be higher demand for transportation services, which could positively impact Grab's business. However, Grab is expected to go public soon, and investors should carefully evaluate the company's financials, competitive landscape, and regulatory environment before considering an investment.
ComfortDelGro (C52.SI) - ComfortDelGro is a transportation company that operates taxis, private hire cars, and public transportation services. Similar to Grab, ComfortDelGro may experience increased demand during the F1 event. However, it is important to evaluate the company's financial performance, competitive position, and regulatory factors before making any investment decisions.
Genting Singapore (G13.SI) - Genting Singapore operates integrated resorts, including the famous Resorts World Sentosa. While the F1 event may attract more visitors to the integrated resorts, it is important to consider the overall performance of the industry and Genting Singapore's financials before making investment decisions.
Please note that investing in stocks involves risks, and it is crucial to conduct thorough research and analysis before making any investment decisions. The analysis provided is for informational purposes only and should not be considered as investment advice.
Sources:
F1 Night Race Coming! Stocks and Race Plan to Watch?
Singapore Stocks Head for 17-Year High on Rate Hopes, Dividends
Motor racing-Formula One statistics for the Singapore Grand Prix
Motor racing-Baku and Singapore could be good for Ferrari, says Leclerc
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. It is important to conduct your own analysis and consider your risk tolerance before making any investment decisions.