Singapore Stock Market News

Raffles Medical - Ramping up nicely

StockFanatic
Publish date: Mon, 06 Jul 2015, 09:59 AM
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■ Expansion at home to contribute more meaningfully from 2H15. China offers new growth chapter.

■ Minimal impact from new hospital competition. Stabilising SGD should bring back medical tourism.

Maintain BUY with DCF TP raised to SGD5.40 from SGD5.10 for higher terminal growth rate. Expect catalysts from further progress in China & local ramp-up.
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