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        SG Morning Highlights: Singapore hotel market poised for steady rebound as border restrictions ease

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        Moomoo News SG wrote a column · Mar 17, 2022 19:51
        SG Morning Highlights: Singapore hotel market poised for steady rebound as border restrictions ease
        Good morning moomooers! Here are things you need to know about today's Singapore:
        ●Singapore shares opened higher on Friday; STI up 0.17%
        ●Singapore hotel market poised for steady rebound as border restrictions ease
        ●Stocks to watch: Ho Bee Land, DHLT, CLI, Frasers Property, QT Vascular, Banyan Tree
        -Moomoo News SG

        Market Trend
        Singapore shares opened higher on Friday. The $FTSE Singapore Straits Time Index(.STI.SG)$ increased 0.17 per cent to 3,328.50 as at 9.06 am.
        Advancers / Decliners is 100 to 34, with 92.51 million securities worth S$132.98 million changing hands.
        Breaking News
        Singapore hotel market poised for steady rebound as border restrictions ease: CBRE

        A recovery in visitor arrivals to Singapore is expected to pick up further over the course of 2022 to benefit hotels in Singapore as usage of the Vaccinated Travel Lane (VTL) scheme continues to grow.

        According to data from CBRE's latest report on the Singapore hotel market, various signs of nascent recovery have emerged over the second half of 2021, led by premium segments such as luxury and upscale.

        Amid overall revenue per available room (RevPAR) on-year growth of 35 per cent to end 2021 at S$111.40, luxury hotels registered the strongest RevPAR increases - while those in the economy segment posted the weakest performance.

        Stocks to Watch
        $Ho Bee Land(H13.SG)$ : The property developer on Thursday said it had known as Elementum located in Munich, Germany, booking an estimated gain on its notes investment of some 44.8 million euros (S$67.1 million) from the sale, according to preliminary information from Credit Suisse AG (Singapore). Shares of Ho Bee ended Thursday at S$2.81, up 0.4 per cent or S$0.01, before the announcement.

        $Daiwa Hse Log Tr(DHLU.SG)$ : Its manager on Thursday said 2 of its properties located near the earthquake zone - DPL Sendai Port and DPL Koriyama - have from the magnitude 7.4 earthquake that struck the north-east coast of Japan shortly before midnight on Wednesday. Units of DHLT closed on Thursday at S$0.815 prior to the update, up 0.6 per cent or S$0.005.

        $QT Vascular(5I0.SG)$ : The medtech company on Thursday said its 60 per cent-owned subsidiary, Eastern Dental Centre, has of 3 Eastern Dental Surgery clinics for a total of S$1.3 million. The 3 clinics are the branches at Jurong West, Bukit Batok and Jurong East, and collectively make up the Eastern Dental Surgery Group. Shares of QT Vascular ended Thursday flat at S$0.005, before the announcement was made.

        $Banyan Tree(B58.SG)$ : The hospitality company on Thursday said it as part of the company's "leadership development and succession planning". See will also serve as the managing director of the company's hospitality management business unit. Shares of Banyan Tree closed flat on Thursday at S$0.30, before the release of the announcement.
        Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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