Beneficiaries of the Whiter Paper

Beneficiaries of the Whiter Paper: UOB Kay Hian highlight potential beneficiaries of the recently released White Paper on population. Sectors impacted include developers, contractors, land transport, consumer and healthcare. House tip rising population to drive consumption. Stocks in the consumer, education and telecommunication sectors would also benefit from a rising population. In house view, potential proxies could be Courts Asia (BUY), Super Group (BUY), Sheng Siong (NOT RATED), M1 (BUY) and Eu Yan Sang (SELL). An ageing and a rising population bodes well for healthcare. According to the population white paper, the number of citizens aged 65 years and above will triple to 900,000 by 2030. This will benefit private healthcare operators such as Raffles Medical and IHH Healthcare (NOT RATED).