- The swift reopening of China to international travellers starting from 8 Jan 23 is expected to inject new momentum to the Singapore aviation sector’s recovery, lifting the FY23-24 earnings outlook for respective Singapore aviation plays.
- We maintain our MARKET WEIGHT rating on the Singapore aviation sector.
- - Read this at SGinvestors.io -
- SIA Engineering is our top pick.
Reopening of China.
- In a largely unexpected manner, China has had an abrupt pivot in its stance towards treating COVID-19 in the past month. From 8 Jan 23 onwards, inbound travellers to China would no longer need to serve any quarantine period. No on-arrival test is required as well. Travellers only need to obtain negative PCR test results within 48 hours before travelling. Measures that limit the number and frequency of international passenger flights, such as the “Five One” policy, will also be scrapped.
- - Read this at SGinvestors.io -
- No additional restriction on Chinese travellers entering Singapore. Unlike some other popular destinations which have announced to impose additional restrictions (pre-departure/on-arrival tests, possible quarantines, etc) on travellers coming from China, Singapore has maintained relatively flexible entry requirements for all inbound travellers, including those from China. To enter Singapore, travellers aged 12 and below are exempted from COVID-19 border measures; travellers aged 13 and above are only required to take minimum WHO-approved vaccine dosage (e.g. two doses of Sinovac vaccine) at least two weeks before arrival in Singapore.
Injecting new momentum to sector recovery.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-01-06
