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Raffles Medical posts 128.7% surge in 1H2021 earnings; expects to be more profitable this year - THE EDGE SINGAPORE

Results

Raffles Medical posts 128.7% surge in 1H2021 earnings; expects to be more profitable this year

Earnings of healthcare provider Raffles Medical Group surged by 128.7% to $39.4 million for 1HFY2021 ended June
OCBC’s new SME Index points to green shoots in transport, F&B and healthcare - THE EDGE SINGAPORE

Economic outlook 2021

OCBC’s new SME Index points to green shoots in transport, F&B and healthcare

The newly launched OCBC SME Index which has a close correlation with GDP shows recoveries for transport, healthcare and F&B
One in two Asians have taken steps to improve their health in the past three months: Prudential study - THE EDGE SINGAPORE

Healthcare

One in two Asians have taken steps to improve their health in the past three months: Prudential study

The changes made by most people were engaging in more physical exercise and altering eating habits.
Embracing change is the right medicine for Asean's healthcare providers - THE EDGE SINGAPORE

Asean

Embracing change is the right medicine for Asean's healthcare providers

Covid-19 represented a perfect storm for both public and private healthcare providers. This year looks to be equally challenging.
Raffles Medical Group ‘a laggard on the recovery theme’: UOB Kay Hian - THE EDGE SINGAPORE

Broker's Calls

Raffles Medical Group ‘a laggard on the recovery theme’: UOB Kay Hian

UOB Kay Hian has maintained their “buy” call on Raffles Medical Group, and expect patient loads to normalise to pre-Covid levels.
We need stronger consumer protection for a better economy - THE EDGE SINGAPORE

Singapore economy

We need stronger consumer protection for a better economy

Singapore needs to strengthen its consumer protection laws to promote fairer outcomes for consumers without compromising growth.
Singaporeans to earn up to $380 by keeping healthy with the Apple Watch - THE EDGE SINGAPORE

Fitness

Singaporeans to earn up to $380 by keeping healthy with the Apple Watch

As part of the scheme, Singapore residents will be able to earn as much as $380 by completing goals and tasks set within the app.

Broker's Calls

Clear skies for ClearBridge Health as PhillipCapital expects stronger recovery in 2H20

PhillipCapital has maintained its “buy” rating and target price of 26 cents on ClearBridge Health on the back of a stronger 2H20 for the company.

Results

Raffles Medical posts 38.2% drop in 1H2020 earnings, but expects to "remain profitable" this year

Earnings of healthcare provider Raffles Medical Group plunged 38.2% to $17.2 million for 1H2020 ended June, from $27.9 million a year ago, following the deferment of elective surgeries and a dip in foreign patients during the circuit breaker period.

Tong's Portfolio

How close are Bursa and SGX-listed companies to financial distress?

SINGAPORE (Apr 30): There is no question that the Covid19 pandemic and resulting restriction on movements will inflict significant economic pain on businesses on a global scale. Most government aid packages are currently focused on helping to tide small a
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