Staff Reporter
,
Singapore
ComfortDelGro will also suffer.
According to Maybank Kim Eng, for the land transport stocks, analysts estimate SMRT and ComfortDelGro would suffer a weekly earnings impact of SGD2m and SGD1.4m (or 2.0% and 0.5% of annual profit) respectively for every 15% reduction in fare revenue.
"SIA and SIAEC too would be exposed as Singapore is their main operating base, but it is not possible to assess the impact on aviation stock earnings, as there
are too many moving parts. Inbound traffic could be hit but this could be compensated for by more outbound traffic," Maybank Kim Eng said.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!