Singapore O&G likely to recover from ‘temporary’ weakness

SINGAPORE (Sept 12): Maybank Kim Eng says Singapore O&G’s recent earnings weakness is likely to be temporary, amid a growing share in the private birth delivery market.

A healthcare group that comprises 10 medical specialists dedicated to women’s health and wellness, SOG commanded a market share of 7.5% of the private birth delivery market in 2016, improving from 6.7% in 2015 and 5.6% in 2014.

The group saw earnings decline 6.4% y-o-y to $4.1 million in 1H17 on the back of a weaker dermatology segment as well as higher expenses due to the recruitment of two new specialists in May and July 2016.

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