SGX Stocks Set to Gain From China’s Belt & Road Initiative
China’s Belt and Road Initiative (BRI) is expected to bring many benefits to ASEAN as increased Chinese capital flows through infrastructure projects spanning ports, roads, railways and energy sectors. Apart from obvious beneficiaries such as EC World REIT and Yangzijiang Shipbuilding, there are at least 6 other small- to mid-cap SGX firms that have cited BRI as a growth impetus in their most recent annual reports. They are: Frasers Logistics and Industrial Trust, Tai Sin Electric, Vibrant Group, Hong Lai Huat, ASL Marine and Addvalue Technologies.