35 Followers SGX:R01 - Raffles Medical Raffles Medical
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This chart shows why Raffles Medical Group is turning to China for growth

2 May 2017 - Singapore Business Review
Muted operations in Singapore led to its first revenue decline since 2004. After its head line slumped for the first time since 2004, Raffles Medical Group is pinning its hopes to its China-based hospitals. According to Maybank KimEng, both Shanghai and Chongqing Hospitals could lift Raffles' growth ...

Raffles Medical Group's staff cost falls 1% in Q1

27 Apr 2017 - Singapore Business Review
That is despite the increase in hiring. Whilst Raffles Medical Group saw a drop in revenue for Q1, down 1.7% to $114.9m, it did manage its cost well, pushing net profit up 0.1% to $15.5m According to UOB KayHian, the revenue decline was due to the 2.0% and 1.9% decline in the healthcare and hospital ...

Raffles Medical: Announces Another Hospital Project In China.

25 Apr 2017 - ShareInvestor Express
Group recorded a Q1 2017 quarterly revenue of S$114.9 million. Profit After Tax and Minority Interests increased to S$15.5 million. Excluding the wage credit received, the Group's operating profit would have grown by 3.8%. Healthy cash position of S$119.4 million...

These 2 things can give Raffles Medical the boost it needs

25 Apr 2017 - Singapore Business Review
Rental income from Raffles Holland Village is one. Raffles Medical Group underperformed in the past quarter, with net earnings inching up slightly by 0.1% to $15.5m. According to RHB, there are two things that can give Raffles the boost it needs for the next quarters. For one, the rental income from ...

Stocks to watch: Healthway, Raffles Medical, AGV

24 Apr 2017 - Business Times Breaking News
THESE stocks had announcements which may influence trading on Monday. Healthway Medical Corporation: Lippo-linked Gentle Care has entered into a sales and purchase agreement to buy up S$15 million of the S$60 million convertible notes issued to Gateway Partners by Healthway Medical Corporation (HMC), ...
sgx:1a4 sgx:r01 sgx:5ng

Raffles Medical Q1 profit climbs 0.1% to S$15.5m despite lower revenue

24 Apr 2017 - Business Times Breaking News
RAFFLES Medical Group recorded S$15.5 million net profit in its first quarter, up 0.1 per cent from the same period a year ago, the group said in a Singapore Exchange filing on Monday morning. For the three months ended March 31, revenue dipped 1.7 per cent to S$114.9 million from the year-ago period. ...

Raffles Medical net profit creeps up 0.1% to $15.5m

24 Apr 2017 - Singapore Business Review
No thanks to softer demand from foreign patients. Raffles Medical Group had weak results for the quarter ending in March, reporting a measly 0.1% growth in net profit to $15.5m. This came as revenue fell 1.7% to $114.9m. According to OCBC Investment Research, Raffles registers its weakest performance ...

Here's why Raffles should carefully watch currency weaknesses

13 Apr 2017 - Singapore Business Review
It could shoo away foreign patients. Singapore recorded a 7.8% growth in tourist arrivals in the past year, whilst January 2017 showed sustained momentum with a 4.8% year-on-year improvement. This is good news for Raffles Medical Group, as these figures point to a stronger medical tourism segment. However, ...

Why Raffles Medical might be biting off more than it can chew

5 Apr 2017 - Singapore Business Review
Its plans to expand in China spell further cost pressures. Raffles Medical Group's recent announcement about developing a 700-bed hospital in Chongqing might be a case of biting off more than it can chew, said a report by CIMB. According to the brokerage firm, the plan to develop a hospital in Chongqing ...

Raffles Medical now has two Chinese hospitals in the pipeline

4 Apr 2017 - Singapore Business Review
It turns out the one in Shanghai won’t be its first outside Singapore. Following the signing of a Memorandum of Understanding with Chongqing Liangjiang New Area Administrative Committee, Raffles Medical announced the acquisition of a piece of land with a building under construction for the development ...