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3 Winners from Phase II’s Safe Transition
By The Smart Investor  •  June 24, 2020
As Singapore enters Phase II of its safe transitioning, some companies are benefiting more than others. The nation went into “circuit breaker” mode on 7 April when it was established that the COVID-19 pandemic had resulted in community spread. These measures included the shutting down of all non-essential services, the bulk of retail malls and mandating people to work and study from home. With the economy grounding to a near standstill as most of the population stayed home, businesses suffered from plunging demand and in some cases, near-zero revenue. But there is light at the end of the tunnel. The government announced that the circuit breaker measures would be lifted on 2 June and that Singapore will shift to Phase I of a three-phase approach to re-opening the economy. The move provided some measure of relief for businesses. On 19 June, a surprise announcement was made for Phase II’s “Safe Transition” to commence....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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