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Seems interest is picking up due to the swine flu .....
Back to 90 cents level ....
Defensive as usual and solid result ...
Good solid counter ....
Wow ....recover 80 cents level liao....
Well done ....
RMG to expand ... good timing???
For this sector, think their hold back previously in their expansion plan paid off . To invest now made everything much cheaper....value for money.
Beautiful set of result ... love the consistency in delivering...
SINGAPORE : Raffles Medical Group has said its full-year net profit rose 35 per cent to about S$32 million.
The better showing was led by positive contributions from all its business lines.
The Singapore private healthcare provider is optimistic this year, despite the poorer economic situation.
The number of foreign patients travelling to Singapore for treatment has been dropping because of the economic slump.
But not for Raffles Medical Group, whose foreign patient load rose 20 per cent on-year in 2008.
And that partly helped to boost its bottomline by 35 per cent to some S$32 million.
But if a fair value gain on an investment property in 2007 was included, the full-year net profit would have fallen 12 per cent instead.
Revenue grew 19 per cent on-year to about S$201 million.
Raffles Medical Group said the operating environment will be difficult this year, but it remains unfazed.
Dr Loo Choon Yong, executive chairman, Raffles Medical Group, said: "In past recessions in 1998 and 2001, we have been able to grow 10 per cent, 11 per cent. So I expect that we should be able to do the same degree of growth, but not like in previous good times when we were growing 25 per cent, 30 per cent per year."
Raffles Medical Group said it plans to grow by tapping a diversified market for patients ranging from Southeast Asia to Russia and the Middle East.
Dr Loo said: "Now we want to work harder, we want to link up better so that those who can still afford to go overseas for treatment, we want to get more of them. Russia has been a very good source of patients. We want to work deeper into this market and so is Vietnam."
And it also plans to use the downturn to position itself for the future.
During this downturn, Raffles Medical Group intends to increase its training opportunities for its some 1,000 employees. In addition, it also plans to hire about 100 more staff this year for positions like doctors, nurses and specialists.
Raffles Medical has recommended a final dividend of 1.5 cents per share for the full year. - CNA/ms
Recover some lost round...
Ya, and the price is falling...where is the bottom???
Eyeing this counter....hee hee
Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest
The director has been buying this few days...
http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/2c980cef6a42f024482575000029438e?OpenDocument
Why sudden volume???
Credible result as usual...
Why the sudden rebound when all is falling??? More patients???
Just have to wait longer lor .....
Ooopss it fell into my watchlist now ....waiting for $0.55 ....yump yump
Consistant growth...better than bank interest rate...
trader88.sg ( Date: 18-Oct-2008 11:53) Posted:
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Cut and paste wrongly. Sorry
SupremeA ( Date: 18-Oct-2008 19:25) Posted:
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This is medical counter
takecover ( Date: 18-Oct-2008 19:18) Posted:
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Aerospace bleak Commerical even more so
SupremeA ( Date: 18-Oct-2008 14:54) Posted:
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