This flurry of activity is guaranteed to bring in a huge crop of tourists and boost the tourism, hospitality, and food and beverage sectors. TaylorSwift TAYLORSWIFTinSingapore StocksInFocus InvestmentOpportunity
It has not been long since countries reopened their borders and life has taken on some semblance of normalcy.Leading the charge is Cantopop king Jacky Cheung who boasts a stunning total of 11 sold-out concerts, with 88,000 tickets sold.
This flurry of activity is guaranteed to bring in a huge crop of tourists and boost the tourism, hospitality, and food and beverage sectors.Straco Corporation Limited The group owns the Shanghai Ocean Aquarium and Underwater World Xiamen, both located in China, as well as the Lixing Cable Car service in the Lintong district.
Revenue for 1Q 2023 more than doubled year on year to S$12.5 million from S$4.8 million, and the group posted a net profit of S$1.6 million, reversing the S$3 million loss in the prior year. Similar to Straco, Jumbo reported a significantly better financial performance for its fiscal 2023’s first half .
Gross revenue rose 20.1% year on year to S$25.2 million while net property income jumped 24.4% year on year to S$23.7 million.Come 2024, the hospitality trust will benefit from the rush of tourists from the region as they arrive on Singapore’s shores to attend these concerts.
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