Business conditions, however, appear to be on the mend.
Investors who are looking for bargains can focus on blue-chip stocks with catalysts that can persist in the new normal.Wilmar is an agribusiness group with an integrated business model that covers the entire value chain of the agricultural commodity business. Wilmar’s strong performance can be credited to its two core divisions — feed and industrial products, and plantation and sugar milling.
Revenue stayed flat year on year at S$1.07 billion but operating profit surged 97% year on year to S$227.8 million.The government’s introduction of the vaccinated travel framework to replace the flights have soared more than eight-fold year on year in February to 544,600 passengers. The revamp of these two attractions should be completed by 2024, in time for the recovery of the tourism sector which should see significantly more tourists flocking to the IR.ComfortDelGro Corporation Limited, or CDG, is a land transport conglomerate with a fleet size of 35,000 buses, taxis and rental vehicles.