Singapore Stock Market News

Talkmed Group Ltd - Foreign patients deterred by stronger S$

StockFanatic
Publish date: Mon, 09 Nov 2015, 12:22 PM
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■ Slight growth in 9M15 revenue on the back of weakening patient numbers (esp. foreign patients due to stronger S$).

■ Higher operating costs due to increase in staff and operating lease expenses.

■ Loss-making trend for associate HKIOC expected to continue till FY16. Faster turnaround of the business will be a potential re-rating catalyst.

■ A long-term healthcare play with a niche in oncology business and potential for overseas expansion.

Currently trading at 17x FY17F P/E, with dividend yield of 3.9-4.6%. Maintain Add.
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