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Broker's Calls
Can Raffles Medical Group count on its China expansion for an earnings boost?
SINGAPORE (April 25): RHB and Maybank Kim Eng Research have lowered their price targets on Raffles Medical Group (RMG) to $1.49 from $1.72, and to $1.67 from $1.70 respectively after the group posted a marginal 1.7% decline in 1Q17 revenue yesterday on so
April 25, 2017
Investing strategies
Prioritise quality over yield when looking at dividends, says Bank of Singapore
SINGAPORE (April 17): As global markets enter into a consolidation phase, Bank of Singapore (BoS) is advising investors to brace themselves for higher volatility by seeking shelter in “dividend growers” – quality companies with strong balance sheets
April 17, 2017
IPO
Asia-Pacific continues to dominate the global IPO scene in 1Q17
SINGAPORE (April 6): The Asia-Pacific region continued to dominate global initial public offering (IPO) activity in 1Q17 to account for 70% of the global number of IPOs and 48% by global proceeds.
April 06, 2017
Update
Raffles Medical Group acquires land to develop hospital in Chongqing
SINGAPORE (April 3): Raffles Medical Group (RMG) has acquired a 28,000 sq m plot of land in the New North District of the Liangjiang New Area in Chongqing, China, on which it intends to develop a 700-bed international tertiary general hospital.
April 03, 2017
In print this week
A lesser-known tech manufacturing stock that’s not to be missed
SINGAPORE (March 24): With solid cash flows and little debt, tech and electronic component manufacturers have long been favourites among yield-seeking investors.
March 24, 2017
Raffles Medical Group to ‘explore cooperation’ with Chinese administrative committee
SINGAPORE (Feb 27): Raffles Medical Group says it has entered into a memorandum of understanding (MoU) to “explore cooperation” between itself and China’s Chongqing Liangjiang New Area Administrative Committee on “healthcare-related projects”.
February 27, 2017
Results
Haw Par posts 31.8% decline in FY16 earnings to $125 mil on absence of one-off gains
SINGAPORE (Feb 23): Haw Par Corporation reported FY16 earnings of $125 million, a 31.8% decline from the previous year’s earnings of $183.3 million due to one-off equity accounting gains from an associate in the previous year.
February 23, 2017
Insurance premiums under scrutiny as healthcare costs continue to rise unabated
SINGAPORE (Feb 16): In 2014, Patrick Tan underwent several surgical procedures as a result of two accidents suffered while playing football. Eighteen months later, his medical bill was an astronomical $400,000. At the time, he and his wife, Audrey, were e
February 16, 2017
Oxley grants IHC convertible loan facility of up to $50 mil
SINGAPORE (Feb 10): Property developer Oxley Holdings, together with CEO Ching Chiat Kwong and deputy CEO Low Chee Sing, have entered into an agreement to grant a convertible loan facility to medical group International Healthway Corporation (IHC) for the
February 10, 2017
Investing strategies
3 stocks to focus on now that the CFE report is out
SINGAPORE (Feb 10): CIMB Research is highlighting its most preferred stocks from various sectors which it thinks could benefit from the strategies set by the Singapore government for the long term, following yesterday’s release of the long-awaited Commi
February 10, 2017