- China is weathering an exponential surge in COVID-19 infections, but new infections should subside after hitting a peak in January. Hotels and serviced residences in Singapore, Australia and Japan will benefit from an influx of Chinese tourists. Malls and offices in China will see a recovery in shopper traffic and physical occupancy.
- - Read this at SGinvestors.io -
- CDL Hospitality Trusts (Target Price: S$1.37),
- Far East Hospitality Trust (Target Price: S$0.71),
- Mapletree Logistics Trust (Target Price: S$1.87),
- Mapletree Pan Asia Commercial Trust (Target Price: S$2.00) and
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China downgrades management system for COVID-19.
- The National Health Commission in China has downgraded COVID-19 from Class A (infectious disease requiring stringent control measures) to Class B (infectious disease requiring basic treatment and prevention). COVID-19 is now seen by the China authorities as a less virulent disease that will gradually turn into a common respiratory illness.
Reopening reduces disruption to economic activities.
- Read more at SGinvestors.io.
