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STI Outlook – As of 24th July 2021
By Loopholes Singapore  •  July 24, 2021
Really surprised to see STI almost unfazed by P2HA restrictions So we are back to the phase 2 heightened alert or in short, no dining out no matter what. To be honest, I did not expect the government to take such drastic measures since they sort of piloted the 5 pax dining rule for those who have been fully vaccinated. However, it happened and after the announcement on Tuesday, I am sure many investors in the SG market were shocked that the markets did not react as badly as expected. Instead, the market rebound strongly on Thursday. I guess the market might have gotten used to the sudden change in measures to combat new outbreaks? Anyway, more companies are reporting their 1H 2021 performance in the coming week so we should be seeing more positive news since the country is recovering from a low base performance in 2020. STI –...
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By Loopholes Singapore
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