Cyclical stocks linked to domestic consumption expected to benefit

Investor and business sentiment has been lifted by optimism for a pick-up in economic activity following PM Lee's announcement that Phase 3 of Singapore's reopening will start on Dec 28.

SINGAPORE's transition towards Phase 3 as the city-state joins the rest of the world to roll out vaccines to its citizens will be a boost to the local market, particularly for cyclical stocks with exposure to domestic demand, according to analysts.

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