9 January 2024
Under the Radar: How far will China’s travel recovery bolster Straco Corporation’s financials and is diversification on the cards?
Today we’re going to bring you an inside look into a mainboard-listed tourism company that bought over the troubled Singapore Flyer back in 2014.
Bingo if you’ve guessed Straco Corporation. Listed on the SGX, Straco Corporation is a local developer and operator of aquatic related facilities and tourism related assets.
Aside from the Singapore Flyer, the firm’s other main operating assets include the Shanghai Ocean Aquarium next to the city’s landmark Oriental Pearl Tower, the Lixing cable car service at Mount Lishan, and the Underwater World Xiamen on the scenic Gulangyu Island.
But  why are the majority of Straco Corporation’s assets situated in China and how has the reliance on a single market weighed on the firm during the pandemic amid the lockdowns we saw in China?
And with the Chinese economy recovers post-pandemic, how are things looking like for Straco Corporation right now? Also – what is on the top of Straco’s to-do-list right now to make up for lost revenues over the past three years or so?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to  Amos Ng, Group Chief Financial Officer and Sean Wu, Senior Vice President (Corporate Development & Risk Management), Straco Corporation.

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