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OUE Lippo Healthcare swings back into the black in 1Q
SINGAPORE (May 8): OUE Lippo Healthcare (OUE LH) has posted $0.2 million earnings, reversing from its 1Q18 loss of $2.7 million due to lower finance costs, higher other income as well as higher share of results of equity-accounted investees.
May 08, 2019
M&A
Medinex makes $1.2 mil acquisition of business support services firm
SINGAPORE (May 8): Medinex Limited is acquiring full ownership of SKI Corporate Services and SKI Consultancy, collectively known as the SKI Group, for a total consideration of $1.2 million.
May 08, 2019
Results
Raffles Medical Group posts 13.7% lower 1Q earnings of $13.65 mil on gestation loss from Chongqing hospital
SINGAPORE (April 29): Raffles Medical Group (RMG) has announced earnings of $13.65 million for the 1Q ended March, down 13.7% y-o-y from $15.8 million on start-up costs for Raffles Hospital Chongqing.
April 29, 2019
Deals, joint ventures & alliances
Q&M collaborates with IMU Education to develop AI-enhanced system
SINGAPORE (April 9): Q&M Dental Group is partnering Malaysian private university operator IMU Education Sdn Bhd to develop an artificial intelligence (AI) enhanced dental treatment decision support system to manage common dental problems.
April 09, 2019
Healthcare
HC Surgical appointed as sole colonoscopy screening provider for AIA Singapore
SINGAPORE (April 1): HC Surgical Specialists has been appointed by AIA Singapore as the exclusive healthcare provider for certain of the latter’s eligible clients, specifically those aged 50 and above under the HealthShield Gold Max Essential A Saver an
April 01, 2019
In print this week
Till sickness do us part
Singapore’s healthcare system has been held up as an example for other governments to follow. But residents are growing old, and tired of ever-increasing costs.
March 22, 2019
In print this week
A view from the hospital bed in Malaysia
SINGAPORE (Mar 18): It started the day after I returned to Penang from Singapore, a visit filled with the usual shopping and dining, as well as catching up with friends and relatives. An earache prompted a quick visit to the GP, but it didn’t mar the fa
March 18, 2019
Broker's Calls
OUE Lippo Healthcare started at 'buy' on improving earnings visibility
SINGAPORE (Mar 11): Soochow CSSSD Capital Markets (SCCM) is starting coverage on OUE Lippo Healthcare (OUE LH) at “buy” with a target price of 8.8 cents, while forecasting a 25.2% earnings per share (EPS) CAGR from FY19-22E as the group enters a “du
March 11, 2019
In print this week
Cautious Budget spending necessary for long-term planning: Heng Swee Keat
SINGAPORE (Mar 4): Singapore may have accumulated huge surpluses during the current term of government, but that does not indicate an upcoming spending spree. The surpluses will also not be used to stall an impending Goods and Services Tax hike due to hap
March 05, 2019
Results
Hyphens Pharma 4Q earnings grow 31.9% to $0.8 mil in absence of one-off IPO expenses
SINGAPORE (Mar 1): Hyphens Pharma International has announced earnings of $0.8 million for the 4Q ended Dec 2018, rising 31.9% from $0.6 million in 4Q17 in the absence of one-off IPO expenses incurred from the year before.
March 01, 2019