The working population is getting older, but these stocks are evergreen

SINGAPORE (Jan 4): RHB Research has reiterated its “overweight” rating on the healthcare sector, as the ageing population trend continues.

In 2016, the proportion of the population above 65 years of age had increased to 13%, from 9% in 2010. Over the same period, life expectancy increased from 81.5 to 83.1, and the number of incident cancer cases also rose 17.4% to 13,416 from 2010 to 2014.

RHB analysts Juliana Cai and Jarick Seet noted that healthcare providers would benefit from a sustained growth in healthcare expenditure as increased numbers of local residents choose to adopt private integrated shield plans.

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