Singapore Stock Market News

Raffles Medical - Modest growth ahead

StockFanatic
Publish date: Mon, 25 Aug 2014, 09:56 AM
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Maintain HOLD with slightly lower DCF-based TP of SGD3.93 (WACC 8%), from SGD3.94.

■ Competition from new private and public hospitals in next few years and the region for medical tourists.

■ Price gap with leading hospitals narrowed to less than 10%. Limited room for fee hikes.
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