Thomson Medical Group (TMG)

Results

Thomson Medical Group reports earnings of $15.4 mil for FY2024, 57.8% lower y-o-y

Net profit after tax similarly declined by 52.5% y-o-y to 19.49 million in FY2024.
 PhillipCapital initiates ‘buy’ on Thomson Medical Group with target price of 6.6 cents - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital initiates ‘buy’ on Thomson Medical Group with target price of 6.6 cents

PhillipCapital has initiated a 'buy' call on Thomson Medical Group at a target price of 6.6 cents, bullish on overseas assets.

Broker's Calls

Maybank initiates ‘add’ on Thomson Medical Group following Vietnam acquisition

Maybank Securities has initiated a 'buy' call on Thomson Medical Group at a target price of eight cents.

Results

Thomson Medical earnings down 91% y-o-y to $2.0 mil in 1HFY2024

The group continues to be profitable in Singapore but reported lower revenues from the completion of short-term service contracts.

M&A

Thomson Medical Group completes acquisition of FV Hospital

The acquisition is the biggest in the healthcare sector to-date in Vietnam and the largest in Southeast Asia since 2020.

M&A

Thomson Medical completes acquisition of Far East Medical Vietnam for US$352.8 mil

Thomson Medical says the acquisition will help its penetration into the rapidly evolving Vietnamese healthcare market.

Company in the news

Thomson Medical receives additional one month to restore public float

Thomson Medical will now have until Jan 10, 2024 to restore its public float.

Company in the news

Thomson Medical has 3 months to restore public float

SGX grants Thomson medical 3 months to restore free float.
Thomson Medical Group announces dip in net profit in FY2023 despite revenue growth  - THE EDGE SINGAPORE

Results

Thomson Medical Group announces dip in net profit in FY2023 despite revenue growth

Thomson Medical Group announced 6.6% y-o-y growth in revenue for FY2023, but net profit dips
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