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Broker's Calls
IHH Healthcare to see an exciting 2019 with increasingly palatable valuations: UOB
SINGAPORE (May 31): UOB Kay Hian is maintaining “buy” on IHH Healthcare with a target price of RM6.30 ($2.07), which implies 32.8 times 2020F P/E – well below its historical five-year 12 month forward P/E of 57 times based on the stock’s performan
May 31, 2019
Results
Thomson Medical Group begins FY19 with million-dollar 1Q loss on higher finance costs
SINGAPORE (May 13): Thomson Medical Group (TMG), formerly known as Rowsley, has announced a $1 million loss for the 1Q ended March, reversing from earnings of $89,000 in 1Q18 due to a spike in finance costs in the recent quarter under review.
May 13, 2019
Results
Singapore O&G reports 15.5% earnings decline to $2.1 mil on higher operational expenses
SINGAPORE (May 9): Singapore O&G (SOG) has reported earnings of $2.1 million for 1Q19, down 15.5% from $2.5 million a year ago due to higher operational expenses.
May 09, 2019
Results
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