Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Bottom-Up

<ul>
<li>After a sluggish start to 2026, March domestic and outbound air travel demand surged</li>
<li>Airline data shows March outbound and domestic traffic up 18% and 11% respectively</li>
<li>Record high outbound load factor could help Chinese airlines pass on fuel cost increases</li>
</ul>


After a sluggish start to 2026, March domestic and outbound air travel demand surged
Airline data shows March outbound and domestic traffic up 18% and 11% respectively
Record high outbound load factor could help Chinese airlines pass on fuel cost increases


Monthly Chinese Tourism Tracker | March Demand Growth Improved | High Outbound Load Factor +ive

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Thematic (Sector/Industry)

In the recent release of The Committee On Future Economy (CFE) Report, the Singapore government brought up a few key trends that are affecting Singapore's economy, in particular: i) subdued global growth to continue in the next few years ii) rapid technological changes that can give way to new global value chains and production patterns  iii) Political uncertainties with the rising support for protectionism Below is the summary of seven key strategies presented by the Committee:1. Deepen and…

In the recent release of The Committee On Future Economy (CFE) Report, the Singapore government brought up a few key trends that are affecting Singapore's economy, in particular: i) subdued global growth to continue in the next few years ii) rapid technological changes that can give way to new global value chains and production patterns  iii) Political uncertainties with the rising support for protectionism  Below is the summary of seven key strategies presented by the Committee:1. Deepen and…

Singapore: Top Ten Words in CFE Report Highlight the Future of Education

Chairman, sgtradex

Tan Chin-Hwee

Chairman

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/019/992/original/Pisatest.jpg?1485928080" class="editor-image img-responsive" data-smartkarma-image-id="19992"></figure><div class="content-caption">By Theo Müller - Own work, <a href="https://commons.wikimedia.org/w/index.php?curid=837159" target="_blank">CC BY-SA 2.5</a>
</div>I was excited to read about Singapore's top ranking in the Pisa (<a href="https://en.wikipedia.org/wiki/Programme_for_International_Student_Assessment" target="_blank">Programme for International Student Assessment</a>) tests and the perfect score of our IB (International Baccalaureate) achievers.We should be proud of what we have achieved in such a short time as a country. Our position among the best today in educational terms is the result of the hard work and leadership of the Singapore Government and teachers. There are not many things from Singapore that…

By Theo Müller - Own work, CC BY-SA 2.5
I was excited to read about Singapore's top ranking in the Pisa (Programme for International Student Assessment) tests and the perfect score of our IB (International Baccalaureate) achievers.We should be proud of what we have achieved in such a short time as a country. Our position among the best today in educational terms is the result of the hard work and leadership of the Singapore Government and teachers. There are not many things from Singapore that…

Singapore's Education System Must Embrace the Frontier Beyond Academic Achievement

Freelance Research Analyst

Tay Hock Meng

Developers managed to sell 384 new units, excluding executive condominiums (ECs) in December 2015, compared to 759 units in November 2015, and 230 units in December 2014. Including ECs, developers sold a total of 508 new units in December 2015, compared to 945 new units in November 2015, and 406 new units in December 2014. The December 2015 results brings the total number of new private residential units sold by developers to around 7,460 to 7,490 in 2015, about 2% higher than 2014 (Comprehensive property sales results for 4Q and whole of 2015  is scheduled to be released by the government on January 22, 2016).

Developers managed to sell 384 new units, excluding executive condominiums (ECs) in December 2015, compared to 759 units in November 2015, and 230 units in December 2014. Including ECs, developers sold a total of 508 new units in December 2015, compared to 945 new units in November 2015, and 406 new units in December 2014. The December 2015 results brings the total number of new private residential units sold by developers to around 7,460 to 7,490 in 2015, about 2% higher than 2014 (Comprehensive property sales results for 4Q and whole of 2015  is scheduled to be released by the government on January 22, 2016). 

<ul>
<li>Slower pace of January activity growth explained by timing of long LNY holidays in 2025/26 </li>
<li>Initial numbers from LNY holiday period show more trips,  but tight purse-strings</li>
<li>Airlines appear to be managing well; a clearer picture of consumer will emerge soon</li>
</ul>


Slower pace of January activity growth explained by timing of long LNY holidays in 2025/26 
Initial numbers from LNY holiday period show more trips,  but tight purse-strings
Airlines appear to be managing well; a clearer picture of consumer will emerge soon


Monthly Chinese Tourism Tracker | January Impacted by LNY Timing | Initial LNY 2026 Numbers So-So

Singapore

Banyan Tree is a global hospitality group that manages and develops premium resorts, hotels, residences, and spas. It operates a diversified portfolio of brands including Banyan Tree, Angsana, Cassia, Dhawa, and Laguna. The company was established in 1994 and is headquartered in Singapore.

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Banyan Tree (BTH SP)

Monthly Chinese Tourism Tracker | March Demand Growth Improved | High Outbound Load Factor +ive

March outbound and domestic air passenger counts surged, up 18% and 11% Y/Y, respectively. High passenger load factors should help carriers pass on...

Tracking Traffic

Singapore: Top Ten Words in CFE Report Highlight the Future of Education

In the recent release of The Committee On Future Economy (CFE) Report, the Singapore government brought up a few key trends that are affecting...

Valerie Law, CFA

Singapore's Education System Must Embrace the Frontier Beyond Academic Achievement

I was excited to read about Singapore's top ranking in the Pisa (Programme for International Student Assessment) tests and the perfect score of our...

Tan Chin-Hwee

Modest Rise in New Home Sales in 2015

Developers managed to sell 384 new units, excluding executive condominiums (ECs) in December 2015, compared to 759 units in November 2015, and 230...

Tay Hock Meng

Monthly Chinese Tourism Tracker | January Impacted by LNY Timing | Initial LNY 2026 Numbers So-So

January's Chinese tourism activity data were hurt by the timing of the LNY holiday. We have initial holiday numbers, but we'll get a better sense...

Tracking Traffic

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