Singapore Stock Market News

Raffles Medical Group - Results speak volumes

StockFanatic
Publish date: Mon, 28 Apr 2014, 04:46 PM
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1QFY14 core profit is in line with expectations at 20% of our FY14 estimate given the seasonality that typifies 1Q. At the briefing, management revealed its philosophy for sustainable longer-term volume growth. Also, with the combination of internal cash and leverage, there is room to raise dividend pay-outs. Our estimates are intact, although our target price rises as we lift our target multiple to 25x (from 23x) CY15 P/E, to reflects parity with regional peers.

Higher healthcare dollars from the expansion of domestic operations and the China angle could catalyse its stock. Maintain Add.
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Sernaite Doob

Post removed.Why?

2014-04-29 10:37

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