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CIMB: Singapore Strategy – SATS, Singpost, Singtel

A decisive step towards reopening

? The government has announced meaningful easing of social restrictions and travel,
as Singapore heads tow ards greater domestic and international reopening.
? Sectors that w ill benefit from the latest changes include consumer, retail and office
landlords, transport operators, selected F&B, as w ell as hospitality and tourism.
? Reopening plays still have legs to run. Our preferred stocks in this regard are SATS,
SingTel, SPOST and SIE.

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