How The Cyprus Banking Crisis Could Affect You

18 Mar 2013 - The Motley Fool Singapore
Cyprus, which is the latest Eurozone country to request a bailout, may be 5,000 miles away from Singapore, but its problem could turn into our problem. The Mediterranean island country, which is situated 700 miles to the east of Greece, has been forced to go cap in hand to the European Union and the ...
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Three Shares With Bigger Dividends

14 Mar 2013 - The Motley Fool Singapore
The local share market is nearing the end of its latest earnings season and most companies have reported their results for Financial Year (FY) 2012. As it is with every reporting season, there will be shareholders who are rejoicing or despairing, depending on the fortunes of the companies they own. However, ...
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Here's what Raffles Medical's expansion delay means

17 Jan 2013 - Singapore Business Review
Revenue likely to dip 2.7%. According to OCBC, the delay over new Specialist Centre could shroud RMG earnings visibility. Raffles Medical Group (RMG) is seeking to expand its capacity with a new Specialist Centre at 30 Bideford Road (~42,668 sf). However, the firm believes that there is still uncertainty ...
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Check out these 4 fierce business plans from Raffles Medical Group

24 Oct 2012 - Singapore Business Review
Delays and losses? Bring it on. According to UOB Kay Hian, Raffles Medical Group’s (RMG) 9M12 net profit of S$36.6m (+8.0% yoy) was slightly below its estimate on higher staff costs. But operating cash flows remained very strong at S$20.8m as at 3Q12. As a result, net cash balance had risen to S$68.7m ...
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Raffles Medical Group profit hampered by expansion delays, wage increase

23 Oct 2012 - Singapore Business Review
3Q12 income growth of 7% disappoints. Here's more from Maybank Kim Eng: Below expectations. 3Q12 results were slightly below expectations as profit was hampered by cost pressure, especially on the wage front. There were also hiccups on the capacity expansion plans. While revenue growth is still strong ...
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Raffles Medical Group's profit surge 6.6% to S$12.6m

22 Oct 2012 - Singapore Business Review
Thanks to more patients coming in. According to OCBC, Raffles Medical Group (RMG) reported its 3Q12 results this morning with revenue meeting our expectations but PATMI was slightly below due to higher-than-expected operating expenses. Here's more from OCBC: Revenue rose 13.9% YoY and 2.4% QoQ to S$78.7m. ...
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URA rejects Raffles Medical's building conversion plans

19 Oct 2012 - Singapore Business Review
It poses threats of traffic congestion. According to Nomura, Raffles bought Thong Sia building in 2011 with the intention to convert the building into a specialist centre. Here's more from Nomura: As it turns out, however, the URA has rejected the application for change of use of the commercial space. ...
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Raffles Medical's commercial podium shift goes sour

18 Oct 2012 - Singapore Business Review
Planned change of use of podium at 30 Bideford Road was unsuccessful. According to OCBC, Raffles Medical Group (RMG) announced that its application for the change of use of its commercial podium at 30 Bideford Road for medical clinics has been unsuccessful. Here's more from OCBC: As a recap, RMG had ...
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Raffles Medical is losing Singapore Prison as client, and it's still good news

8 Oct 2012 - Singapore Business Review
It can shrug off the prison's 4% contribution to revenue. According to Nomura, market intelligence suggests that RFMD may no longer be the medical service provider to the Singapore Prison from Dec 12. This could actually benefit its profitability. Yes, the contract size appears huge but the economics ...
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Here's why Raffles Medical is going nuts over building a hospital in Hong Kong

31 Jul 2012 - Singapore Business Review
Huge potential awaits as private operators only account for less than 10% of the total hospital beds. RFMD announced on Friday that they have submitted a bid for a private hospital development in Hong Kong. The plot, Aberdeen Inland Lot No. 458, commands a size of 27,500 sqm and a height limit of 50m, ...
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