[Reward]Share One SGX Stock that could Benefit from China's Outbound Tourism

Previously, the Singapore Tourism Board stated that with the increase in the number of flights and China's resumption of outbound tourism, the recovery of Singapore's tourism industry will accelerate.

"It is expected that the number of international tourists visiting Singapore will reach 12 million to 14 million in 2023, returning to 75% before the epidemic In 2019, the number of inbound tourists from Singapore totaled 19.12 million.”

According to recent data provided by China Aviation Travel, since the restart of the outbound and group tour pilot program on February 6, 2022, the number of inbound and outbound civil aviation passengers of China’s domestic airlines has exceeded 276,000, an increase of nearly 4.4 times compared with the same period last year. Shanghai, Guangzhou, Beijing, Xiamen, Chengdu is the top 5 cities with the largest number of outbound tourists.

From the perspective of outbound travel routes, Southeast Asian countries led by Thailand, Malaysia, and Singapore are still the most popular overseas destinations for Chinese tourists.

China has long been a major source of tourists for Singapore. In 2019, more than 3.6 million Chinese tourists visited Singapore. With the orderly recovery of China's outbound tourism, Singapore tourism operators said they "see hope".

Local tourism operators in Singapore are constantly updating and improving their products and services to meet the needs of group tours, leisure travel and business travel tourists to Singapore.

For example, Changi Airport Group has continued to improve airport services in the past two years and has cooperated with airline partners to cope with the strong tourism demand after recovery; many Singapore hotels have also launched special services for Chinese tourists.

💡Share Your Insights & Picks

Please leave a message in the comments section of this post.

  • What SGX stock you feel will benefit from tourism development?
  • What travel services would like to recommend to future tourists

    🎁Prizes

    • 🐯All valid comment on the following post will receive 5 Tiger Coins.
    • 🐯10 Tigers will receive 50 coins for the most popular and high-quality comments.

    ⏰Activity Duration

    • 22 February 2023-1 March 2023 (24 pm)

    # SGX Stocks Opportunities

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    • Kaixiang
      ·2023-02-24
      TOP
      With renewed optimism on Chinese tourism, a couple of sectors will benefit which includes airlines, hotels, entertainment and retail sector.
      $SINGAPORE AIRLINES LTD(C6L.SI)$, being the best airline globally, will benefit from easing travel restriction increasing flight frequency to China. Its record operating profit is a testament of airlines being one of the greatest beneficiaries of reopening.
      Based on Singapore Tourism Board’s insights on Chinese travelers, the predominant activities are shopping, casino and sight-seeing. $GENTING SINGAPORE LIMITED(G13.SI)$ provides a one-stop integrated resort that offers gambling (casino), attractions (Universal Studios, Sea Aquarium) & various dining options.
      The recovery of visitors have boosted Genting’s profit by 85% a year ago, with its gaming revenue up by over 100% and non-gaming revenue nearby doubled.
      Hotels will also benefit though lesser due to the no. of excellent choices available in SG. For e.g. $Ascott Trust(HMN.SI)$.
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    • Fenger1188
      ·2023-02-23
      TOP
      $新加坡航空公司(C6L.SI)$,周三开盘前发布截至去年12月底的第三季业务报告,公司的净利大幅上涨6亿2800万元,前年同期为7100万元。第三季的营运利润(operating profit)也大幅上涨至7亿5500万元,前年同期为7700万元。第三季的每股盈利为10.1分。在疫情期间航空业经历了一段痛苦漫长的时期。现在人们恢复正常生活,新航股票在这一年以来上涨了4.19%。目前股价属于值得买入的价位,投资者可以考虑买入和长期持有这支有价值的优质好股[开心]
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    • Tigress02
      ·2023-02-23
      TOP
      The SGX stock that will benefit from tourism would be Singapore Airlines (c6L) and Mandarin Oriental (M04). And travel services to recommend to future tourists would be Festivals and events that celebrate local history, culture, harvest time, foods, music, or celebrities; Built attractions, such as monuments, amusement parks, zoos, or theme parks; and. Local businesses and retail stores where visitors can shop or be pampered. These are what attracts visitors to a town or country.
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    • MojoStellar
      ·2023-02-23
      TOP
      I'm happy to own $Emperador Inc.(EMI.SI)$ since last year when it launched in Singapore. the result is good for Me. in my portfolio, I have ETFs, tech and unique one - liquor. I don't drink but I don't mind owning bottles of wine and $Emperador Inc.(EMI.SI)$ . cheers 🍾🍷🍸🥂
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    • RDPD富爸穷爸
      ·2023-02-23
      TOP
      $Mapletree PanAsia Com Tr(N2IU.SI)$ which have presence in HK, SG and other part of Asia stand to benefit. Likewise, $CapitaLandInves(9CI.SI)$ may also benefit since rich chinese tend to prefer owning properties over stocks and will consider SG high end properties as a safe haven to preserve wealth.
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    • th0mastan
      ·2023-03-01
      TOP
      My top pick would definitely be $SATS LTD.(S58.SI)$ given their business in capturing the services inbound and outbound tourists. Given its business nature, it requires lowee capex than $Singapore Airlines Ltd.(SINGF)$.


      However, the new management has made some terrible mistake in the latest aquitisition which in my opinion has eroded the years of accumulated wealth of shareholders. Thankfully, I managed to exit before the announcement.


      Given the lukewarm interest, should the financial numbers improves, there might be an uptick in the share prices if investors are drawn into it.
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    • Sandyboy
      ·2023-03-04

      Nice but any others ? I see casinos and dutyfree

      What about China aviation stocks or tourist stocks?

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    • newtoUS
      ·2023-03-05
      $SINGAPORE AIRLINES LTD(C6L.SI)$ will benefit from tourism development with the covid restriction lifted also
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    • tradelaggard
      ·2023-03-04
      SIA, SATS, Mall REITs, Genting will benefit from tourism!
      Reply
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    • 小辉goPro
      ·2023-03-03
      nationality did not benefits, household items keep raising price. the paycheck never raise [Cry]
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    • ookezy
      ·2023-03-05
      $GENTING SINGAPORE LIMITED(G13.SI)$ will benefit as more tourists will visit singapore, boosting the business.
      Reply
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    • dotdot112
      ·2023-03-03

      Great ariticle, would you like to share it?

      Reply
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    • coltzilla
      ·2023-03-02

      Recovery in the works! Will it be smooth sailing all the way?

      Reply
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    • Bons
      ·2023-03-05
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    • xiaochoochoo
      ·2023-03-05
      Share One SGX Stock that

      could Benfit From China's

      Outbound Tourism
                      

      Reply
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    • Tyliew
      ·2023-03-03
      这篇文章不错,转发给大家看看
      Reply
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    • weijie123
      ·2023-03-03

      Great ariticle, would you like to share it?

      Reply
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    • Jasmine1205
      ·2023-03-02
      $SINGAPORE AIRLINES LTD(C6L.SI)$ but it turned red today..boohoo
      Reply
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    • icycrystal
      ·2023-03-06
      thanks for sharing
      Reply
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    • Kelvinphan
      ·2023-03-05

      Great ariticle, would you like to share it?

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