The impact of Coronavirus – definitely retail as first

Less Chinese tourist expected at least for 2 months. Travel stocks like Air Asia, Hotels, Casino like GENM and Genting, retails especially will be definitely hit by the first round of impact.

Minimum recovery is 2 months I expect even if the virus can be contained the spread before end of January. It will not be a good start of 2020 for retail stocks for sure.

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