Daily briefing: SG stocks outperform peers in region amidst pandemic: HSBC; Dream Cruises return to port as passenger contracts COVID-19

And COVID-19 cases spike after KTV outbreak. 

From CNBC

Singapore stocks are a “standout” when compared to its neighbours as the Southeast Asian region continue to respond to the pandemic, HSBC said. 

James Cheo of HSBC Private Banking & Wealth Management told CNBC that whilst the bank is more cautious about the region, it is “positive” about Singapore. 

This was driven by Singapore’s management of the pandemic as it started to ease restrictions, whereas other countries remain struggling. 

Read more here.

From CNA

A Dream Cruises ship returned to Singapore ahead of schedule after a passenger tested positive for COVID-19. 

The World Dream ship docked at the Marina Bay Cruise Centre at 6:30 a.m., instead of 9 a.m. following the report. 

The COVID-19 case involved a 40-year-old passenger, who had links to the KTV lounge outbreak. 

Read more here.

From Reuters

Cases in Singapore rose to 56, the highest in 10 months, after the outbreak at a KTV lounge. 

Of the 56, 42 were linked to the KTV lounge cluster, the Ministry of Health reported.

The KTV lounges were operating as food and beverage outlets as the Singapore government has not yet authorized KTV lounges and clubs to operate. 

In line with this, the Singapore police have also made 20 arrests related to alleged vice activities at KTV lounges. 

Read more here.