Welcome!
Raffles Medical Group (RMG)
Broker's Calls
UOBKH ups Raffles Medical's TP as its transitional care facilities join Singapore's healthcare ecosystem
Raffles Medical Group boasts “healthy margins due to its asset-light nature”, say UOB Kay Hian Research analysts.
March 28, 2023
Broker's Calls
RHB maintains 'buy' on Raffles Medical Group following strong revenue and China's reopening
Covid-19 may be behind, but RHB still sees a lot of life in Raffles Medical Group.
March 24, 2023
Healthcare
Large-cap healthcare stocks: Hefty, hearty and healthy
Covid-19 may be over, but these hospital players are still seeing growth from the economic recovery.
March 09, 2023
Results
Raffles Medical Group sees 2HFY2022 earnings increase by 87.5% y-o-y to $83.8 mil as foreign patients return
RMG has declared a final ordinary dividend of 3.8 cents per share, 35.7% higher y-o-y.
February 27, 2023
Broker's Calls
Analysts positive on Raffles Medical amid stronger-than-expected recovery for 3QFY2022
For 3QFY2022, the group reported revenue growth of 6.5% y-o-y to $199.5 million
November 03, 2022
Results
Raffles Medical Group reports 62.1% surge in 3QFY2022 profit after tax of $38.3 mil
The group says that it expects to remain profitable for the rest of the year based on the current conditions.
October 31, 2022
Broker's Calls
Private hospitals may benefit from rise in Covid-19 cases: DBS
DBS has kept “buy” on Raffles Medical Group and IHH Healthcare with target prices of $1.63 and RM7.90 ($2.37) respectively.
October 25, 2022
Broker's Calls
RHB lowers Raffles Medical's TP to $1.60 on declining revenue and cost headwinds
RHB analyst Shekhar Jaiswal also reduced his earnings estimates for the group by 3% each for the FY2023 and FY2024.
October 17, 2022
Broker's Calls
High inflation could benefit healthcare industry based on historical trends: DBS
DBS analyst Rachel Tan says the pricing power of healthcare service providers could offset the inflationary cost pressures.
August 18, 2022
Broker's Calls
Analysts mostly lift TPs on Raffles Medical Group on the back of record 1HFY2022 results
The analysts have also mostly raised their earnings or earnings per share estimates for the FY2022.
August 11, 2022