Singapore Stock Market News

Talkmed Group Ltd - Stable healthcare play

StockFanatic
Publish date: Wed, 12 Aug 2015, 03:05 PM
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TalkMed's 1H15 results were in line with our expectations, with revenue and net profit at 48% and 49% respectively of our full-year forecasts. An interim dividend of 2.3Scts per share has been declared, representing a 6.1% increase yoy and in line with its dividend payout policy of 75% of net profit. The long-term demand for medical oncology services remains positive, and we tweak the numbers slightly to factor in associates' losses, paring down our FY15-16 EPS estimates by 2%. Our DCF-derived target price of S$1.27 (WACC: 8.4%) remains unchanged and we maintain an ADD rating.
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