HK turmoil: SGX-listed hospitality, retail, F&B firms to feel bigger impact
Impact on property players may be minimal given diversified portfolios
Singapore
A NUMBER of Singapore-listed companies may start to see the impact of Hong Kong protests showing up in their bottomlines in their next quarterly earnings release, with those in the hospitality, retail and F&B sectors to suffer a bigger hit, say analysts.
"We expect hospitality players and retail landlords to be the most impacted as the protests have directly impacted the visitor arrivals and footfall in shopping malls. Some of the SGX-listed players with exposure to this sector in our view are Shangri-La, Hongkong Land, Mapletree North Asia Commercial Trust (MNACT), Fortune REIT (which will be delisting from SGX), and Mandarin Oriental," said Vijay Natarajan, property analyst at RHB Securities Singapore.
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