Dear readers, today, everyone including investors will be looking out for what Prime Minister Lee will be delivering at 5pm in relation to Singapore’s fight against Covid-19. At 5pm, PM Lee’s address to the nation will come after the close of Singapore stocks markets.
Many view that Prime Minister Lee will touch on Phase 3 of the Safe Re-opening for Singapore in the context of Covid-19. I think some investors will be bullish on a Phase 3 Re-opening for Singapore as it means more economic activity for Singapore. However, I would think that Singapore is a price-taker and the developments on the US, China and macro economic front would be more significant for Singapore stocks markets.
I would think that Phase 3 will not be introduced that soon since the targeted take-up rate of TraceTogether is not reached yet. But I would think Phase 3 could be implemented by quarter 1 next year.
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