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Update
Raffles Medical announces opening of Chongqing hospital
SINGAPORE (Jan 2): Raffles Medical Group (RMG) says its 700-bed hospital in Chongqing is now open, with a second hospital to open in Shanghai, Pudong Qintan, this year.
January 02, 2019
Broker's Calls
More challenges loom for First REIT after completion of ownership restructuring: OCBC
SINGAPORE (Dec 13): OCBC Investment Research is maintaining its “hold” call on First REIT with a lower fair value of $1.05 from $1.34 previously, after factoring in various risks pertaining to the REIT’s master leases and portfolio balancing.
December 13, 2018
Broker's Calls
Health Management International's outlook still healthy despite 1Q earnings miss, say analysts
SINGAPORE (Nov 19): Phillip Capital and CGS-CIMB Research are maintaining their “buy” and “add” calls on Healthcare Management International (HMI) with the respective target prices of 77 cents and 73 cents.
November 19, 2018
Results
Clearbridge Health posts smaller 3Q loss of $2.5 mil
SINGAPORE (Nov 12): Clearbridge Health recorded a loss of $2.5 million for the 3Q ended Sept, 21.4% smaller than its net loss of $3.2 million a year ago on higher revenue derived from its newly-commenced businesses.
November 12, 2018
IPO
Cennerv lodges prelim offer documents for Catalist listing, to acquire US subsidiary with proceeds
SINGAPORE (Sept 21): Cennerv Pharmaceuticals on Wednesday lodged its preliminary prospectus ahead of its planned initial public offering (IPO) on the SGX Catalist board.
September 21, 2018
Singapore economy
Singapore says it needs foreign tech talent and ‘fun’ education
SINGAPORE (Sept 21): Singapore, grappling with an aging population and a shortage of high-tech workers, says it needs to bring in foreign talent in areas including software programming while the country rebalances its education system to meet future deman
September 21, 2018
Indonesia billionaire family reshuffles empire on currency rout
SINGAPORE/JAKARTA (Sept 19): Southeast Asia’s billionaire Riady family is reshuffling its health-care holdings as its core property business grapples with the emerging-market rout.
September 19, 2018
Results
Health Management International posts 43% growth in 4Q earnings to $5.1 mil
SINGAPORE (Aug 28): Health Management International (HMI) reported earnings of RM15.2 million ($5.1 million) for the 4Q ended June, up 43% y-o-y from RM10.7 million a year ago on higher revenue and improved margins.
August 28, 2018
M&A
Clearbridge enters MoU for expansion of lab testing services to Indonesia
SINGAPORE (Aug 23): Clearbridge Health’s wholly-owned subsidiary, SAM Laboratory, is acquiring a controlling stake in PT Indo Genesis Medika, a company incorporated in Indonesia, for an aggregate consideration of about IDR 40.7 billion ($3.8 million).
August 23, 2018
Singapore economy
PM Lee unveils healthcare and housing plans to curb cost of living pressures
SINGAPORE (Aug 20): Changes to government schemes on healthcare and housing were outlined by Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday night.
August 20, 2018