Singapore and China are working on a mutual 30-day visa exemption, expected to start in early 2024.
Currently, Chinese citizens need visas for entering Singapore. This new arrangement will boost travel between the countries.
If more Chinese tourists come to Singapore, which Singapore stocks would benefit from increasing travel demand?
$SINGAPORE AIRLINES LTD(C6L.SI)$ : As a prominent airline, SIA could see gains as passenger demand increases.
$SATS LTD.(S58.SI)$ : Offers gateway services and food solutions for airlines and could see growth as air travel resumes.
$Genting Sing(G13.SI)$ : This company operates Resorts World Sentosa, a popular integrated resort.
$Straco(S85.SI)$ : Owns and operates tourist attractions like the Singapore Flyer and the Underwater World Singapore.
$CapLand IntCom T(C38U.SI)$ : While not directly in the travel sector, it includes commercial properties like malls and hotels that can benefit from increased tourism.
Can you think of other Singapore stocks could benefit from visa-free policy?
Leave your comments and click “Also post” to win tiger coins
Comments
🌟🌟🌟Singapore has welcomed 11.3 million visitors in 2023 falling short of Singapore Tourism Board's expectations of 12 to 14 million arrivals for the full year. The new 30 day visa would certainly boosts this figure.
$CapLand IntCom T(C38U.SI)$ will certainly be one of the key beneficiaries. It owns and manages 11 retail malls as well as 5 integrated developments in Singapore. They are Capita Springs, Funan, Raffles City Singapore, Plaza Singapura, The Atrium@ Orchard as well as Bedok Mall, Bugis Junction and many others.
Chinese Tourists love to shop and eat. These malls are well located and would see increased foot traffic once the 30 day visa to Singapore is approved.
@Tiger_comments @TigerStars @TigerClub @Tiger_SG
$OUE COMMERCIAL REIT(TS0U.SI)$
CAPITALAND CHINA REIT !!! 9% DIVIDEND YIELD!!!
$CapLand China T(AU8U.SI)$
@Tiger_comments
@MHh
@StickyRice
@Ron18
@melson
@DiAngel @SPOT_ON @SR050321 @AliceSam @Success88 @Kaixiang @rL @Fenger1188 @HelenJanet come join