Dear readers, Prime Minister Lee will deliver the National Day Rally 2022 speech this evening, where he is expected to set out how Singapore can secure its future.
I believe analysts and investors are keenly watching whether there will be plans for further Covid-19 related easing in the near horizon.
Singapore’s aviation and related stocks have been particularly sensitive to any announcements in relation to Covid-19 tightening and easing. Hence, if there are Covid-19 related easing plans announced in tonight’s rally speech, be prepared to watch out for Singapore’s aviation and related stocks when the Singapore stock markets open tomorrow.
The two main stocks are SIA stock and SATS stock, which are also in the Straits Times Index (STI) constituent stocks.
SIA stock has been up 8% year-to-date. SATS stock has also done well, being up 5.9% year-to-date.
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