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Coming back to 3.00??? Watch.
Raffles Medical Group Ltd wishes to announce that the Third Quarter 2013 Financial Results will be released on the morning of Monday, 28 October 2013 before the commencement of trading.
bishan22 ( Date: 19-Oct-2013 13:30) Posted:
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✌ ️
Nice show today. Well supported at $3.
seems moving upward. 加 油 ！ 😊
Tks 4 info.
I alway trade this counter.
So far alway profited.
Slow moving but stable.
I alway trade this counter.
So far alway profited.
Slow moving but stable.
bishan22 ( Date: 19-Oct-2013 13:30) Posted:
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Result out on 28/10. See how den decide.
Tks for info.
I just bought in @ S$3 yesterday.
Now further dip.
I just bought in @ S$3 yesterday.
Now further dip.
Thks for your assurance. Hope no bomb planted like the 3 designated stocks. Hahaha.
iwonder ( Date: 18-Oct-2013 11:38) Posted:
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Nothing bad....growth is still intact
In fact now is the buying opportunity....very fast will be above $3
bishan22 ( Date: 18-Oct-2013 11:35) Posted:
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Below $3..... any bad news???
For the others vested in this stock...you might want to sign up for this seminar where the Exec Chairman and CFO will be presenting. Can hear from them and ask questions too
http://www.nracapital.com/research/members/signupevents.aspx?id=13
In Growth Mode, Backed by Resilient Earnings
Buyer secured for Thongsia Building, proceeds to fund expansion. Pursuant to its unsuccessful attempt to convert Thongsia Building into a medical centre, Raffles Medical has secured a buyer for the building and expects to complete the transaction on 31 October 2013. Despite the initial setback, we believe there is no harm done, and management is likely to be able to secure another location for expansion. The one-off gain from this transaction is SGD21.4 million, which translates into SGD3.9 cents per share. Including the disposal proceeds of SGD120 million, Raffles Medical will sit on a net cash position of SGD244 million, not to mention the free cash flow generation of at least SGD60m a year, which will provide strong ammunition to fund its local and overseas expansion plans.
Resilient earnings made even more resilient by revamped national healthcare scheme. With an extensive network of clinics in Singapore as well as a hospital, Raffles Medical is expected to benefit from the Community Healthcare Assist Scheme (CHAS) and Medisave alterations announced recently in the National Day Rally Speech. 91% of its 44 clinics in Singapore are already registered under CHAS and will benefit. We believe Raffles Medical has resilient earnings due to its diversified patient base and significant room to increase prices as its average bill is around 20% cheaper than peers such as Gleneagles and Mount Elizabeth.
Expansion plans supported by massive warchest. Raffles Hospital expansion on the local front is still expected to start by this year. With current bed utilization at around 60%, we believe there is further room to grow hospital revenue at current trajectory (up around 15% YoY in past twelve months). On the China front, we believe a more concrete development could materialize over the next 2 months. We are positive on this market as attractive premiums can be derived from this vast market with burgeoning middle and upper class patients.
Maintain BUY. We like Raffles Medical for its long-term proven earnings resiliency even during economic crises coupled with attractive growth prospect locally and in China. Our TP of SGD3.70 (based on DCF method) implies 27.6x FY14F with 20% upside, which is comparable to Asian-listed peers.
...last: $3.04...
Source:Maybank Kim Eng
hi bro just dropping by say hi. hope to have more invaluable sharing in here, cheers
tiny76 ( Date: 04-Aug-2013 17:49) Posted:
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This counter px is high probably bcos of Parkway Medical was delisted.Of course now the company has been acquired and renamed IHH based in Malaysia with its secondary listing here.
At its prime,Parkway has 3 hospitals and more beds in Singapore compared to Raffles.Hence I find the counter is over valued. It cld be controlled due to its small float.
Yes I am!
I am Learnington.
Are u the bro who huat together with me in Thomson Medical and Roxy Pacific? If u are, u will know who i am
tiny76 ( Date: 01-Aug-2013 12:10) Posted:
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Hi Lady lexanne, i also vest in this stock......i know u from Bro learnington's thread
I'm still holding on to it.
checking in from market talk