Positive! These sectors will gain from the latest easing of COVID restrictions
Amongst the new adjustments include more international travel.
Further relaxation of the COVID-19 restrictions in Singapore will be “positive” for six sectors, namely banking, consumer, healthcare, industrial, telecom, and transport services, RHB said in its report.
Meanwhile, RHB said they continue to favour exposure to REITs, particularly industrial REITs, despite the risks of an early interest rate hike.
The bank said it remains optimistic about the country's equity market outlook given the latest round of relaxations.
“Singapore continues to offer opportunities to accumulate stocks that offer operating leverage to the ongoing economic reopening and better earnings visibility,” the bank said.
Singapore recently made adjustments for its Stabilisation Phase, increasing dine-in capacities in restaurants to five fully vaccinated people, increasing zone sizes for various events to 100 from 50, and permitting more international travel to and from Malaysia, Finland, and Sweden.
Read more: Singapore to launch VTL with Malaysia
The country will also start to charge COVID treatment of those individuals who are unvaccinated by choice on 8 December.