Singapore Stock Market News
Singapore Strategy - Summit fever
StockFanatic
Publish date: Fri, 08 Jun 2018, 10:17 AM
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■ Part of the Orchard area, location of prestigious hotels like Shangri-La and St Regis, are marked 'special event areas'.
■ Heightened security could slightly disrupt activities (hotels, gaming) in the gazetted areas but the historic event sets SG up for future success to hold global summits.
■ Visitor arrivals/visitor days for Mar 2018 were up 6.6%/ 8.6% yoy. Industry RevPAR was up 6.2% yoy in Mar 18 and +4.2% YTD.
■ We think hospitality, services and office (multiplier effect) are the three broad themes to think of Singapore beyond the Summit via CDLHT, GENS, DBS, CCT and K-REIT.
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