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Hi, take note of this counter. Potential run from TA perspective.
Just to note, that Thongsia Building is bought at 92 mil.......will there be a rights issue to fund
the aquisition?
enghou ( Date: 22-Feb-2011 16:09) Posted:
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Nomura recommends BUY with Target Price at $2.52
Aggressive expansion under way
4Q10 results slightly below on higher costs
Excluding exceptional gains of $3.5mn (mainly on property
revaluation), RMG’s FY10 net profit of S$41.8mn met 94% of our fullyear
forecast. 4Q10 net profit was down 3% y-y, mainly on higher
costs due to added headcount as part of ongoing expansion.
Operationally, we think Raffles Hospital continues to perform well
(FY10 revenue up 12% y-y) on increased patient load.
Acquiring prime commercial space near Orchard Road
RMG also announced that it has successfully tendered for the 7-
storey commercial space at Thong Sia Building located in the prime
Orchard Road belt for S$92.08mn (S$2,158psf). Intending to establish
a Specialist Medical Centre at the property, the group intends to
spend S$10mn to retrofit/equip the premises whose opening will be
staged between 2012 and 2013. We view this positively as the group
leverages its net cash balance sheet and positions itself within the
prime district, in the vicinity of Mount Elizabeth Hospital.
Continued lookout for regional opportunities
The group is on a continued lookout for regional opportunities and has
invested in headcount in China. Elsewhere, it was mentioned in the
press that RMG is assessing a potential outpatient facility in Osaka,
Japan (The Yomiuri Shimbun, 24 Jan 2011).
Maintain BUY – 12-month PT: S$2.52
RMG has underperformed the market by 5% since the selldown of a
4.7% stake by an undisclosed investor on 14 Jan 2011 (S$2.26/share).
While we cut FY11/12F EPS by 5-7%, we maintain our positive
view — the share price should re-rate on a 12-month outlook as the
market begins to price in expansion plans towards 2H11, in our view.
Life Is Great
Raffles Medical Group Ltd announced that it has on 18 February 2011 successfully tendered for the 7 storey freehold podium/commercial block of Thong Sia Building (Property) at 30 Bideford Road in Singapore for a purchase consideration of S$92.08 million. The freehold strata floor area of the Property is 42,668 square feet, and the Property will be purchased with existing tenancies, most of which will expire in 2012 and 2013. The Group intends to establish a Specialist Medical Centre at the Property. 1% of the purchase price had been paid and the balance of the 10% of the purchase price will be paid on 25 February 2011. The sale and purchase of the Property is expected to be completed and the balance of the purchase price paid on or before 29 April 2011. The purchase will be financed with a combination of internal funds and bank borrowings
Hi Traders
My Personal opinion on Raffles Medical Dated 21/01/11
Personal blogsites:
Http://chartfreely-sg.blogspot.com
http://chartfreely.wordpress.com
http://volume-price-spread-for-metastock.blogspot.com/
Youtube Videos:
http://www.youtube.com/results?search_query=sgtrader1&aq=f
http://www.youtube.com/watch?v=nlNL8hCxq3E
http://www.youtube.com/watch?v=_nHsj_xSAhI&feature=related
all the more reputable medical and pharma have surged quite substantially except for c&o pharma.
you will know what to do.
load up before you are left out!
Buying on dip!
Medical industry is set to grow as rest of property / financial industry slows down in 2011.
On Friday 14 January 2011, 12:51 SGT
SINGAPORE, Jan 14 (Reuters) - An undisclosed investor is selling about 24 million shares, or about a 4.7 percent stake, in Raffles Medical , a Singapore medical services provider, for S$2.26 per share, sources familiar with the matter said.
Raffles Medical shares fell as much as 6.2 percent on Friday. At 0442 GMT, the stock was down 4.5 percent at S$2.32 on a volume of 26.4 million shares.
UBS is handling the deal, according to the sources.
UBS declined comment and the comp[any was not immediately available. (Reporting by Eveline Danubrata and Saeed Azhar)
RafflesMG hit $2.44 which was the resistance on 22/12/2010 n pulled back immediately . It touched the lower trendline of the upward channel which was also the strong support the next day at $2.28 .Making a strong rebounce after that to reach $2.50 today .DIs are positively crossed n ADX is at 13 which indicates there is great upside potential of this trend .The immediate resistance is at $2.52 which would be easy to break , n may go to $2.70 or above .
Bintang ( Date: 19-Dec-2010 12:53) Posted:
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UOBKH recommends BUY with Target Price at $2.86
Valuation/Recommendation
• Buy for quality healthcare exposure. Maintain BUY and raise our
target price by 11% to S$2.86, based on DCF valuation which assumes a
long-term growth of 4.0% (previously 3.5%). Our target price implies
2011F target PE of 28.8x, which is more than 1SD to its mean PE of
20.6x (2003-present). In our view, RMG deserves the premium given its
strong track record and it being a beneficiary of quality healthcare in the
region through its good reputation and transparent pricing policy.
• Scarcity premium. Although the implied PE of 28.8x based on our target
price is 1SD above its PE, we do not believe this to be excessive given
the scarcity premium after the privatisation of Parkway Holdings and
Thomson Medical. Interestingly, the two stocks were privatised based on
historical PE of 32-38x.
Share Price Catalyst
• Possible share price catalysts include: a) better-than-expected
earnings growth in FY11-12F, b) more concrete details on its China
expansion plans, and c) further M&A newsflow in the sector, which could
further re-rate healthcare companies.
Life Is Great
Check this out.. Slow and steady wins the race... :)
Hulumas ( Date: 21-Dec-2010 15:02) Posted:
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Steady growth counter!
ahpheng ( Date: 20-Dec-2010 22:30) Posted:
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RafflesMG opens gap-up despite STI down. MACD, RSI trending positively and a pile of MA as support.
A counter worth watching out now.
Agree?
RafflesMG has closed above the 30MA last week at $2.37 . The gap at $2.39 has been filled in the intra-day trading .MACD has crossed positively above the neutral line . ADX is at 17 which reaches the bottom while DIs are already positively placed . All the short n long term moving averages are below the share price n trending upward .The short correction may be over , n the next resistance is at $2.45 .
Bintang ( Date: 17-Dec-2010 12:21) Posted:
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SEOUL: North Korea warned that another war with South Korea would involve nuclear weapons, as diplomatic efforts continued to ease high tensions over its deadly artillery attack and atomic ambitions.
Uriminzokkiri, the official website of the communist state, said in a commentary seen Friday that war on the Korean Peninsula is only a matter of time.
"Because of the South Koreans' reckless war policies, it is not about war or peace on the Korean peninsula but when the war will break out," the website said.
"If war breaks out, it will lead to nuclear warfare and not be limited to the Korean peninsula," it said in a posting dated Thursday.
In a separate commentary, ruling party newspaper Rodong Sinmun Friday described the peninsula as the world's most dangerous place.
It reiterated calls for a formal peace treaty with Washington and the withdrawal of 28,500 US troops from South Korea.
"The Korean peninsula remains a region fraught with the greatest danger of war in the world," the paper said. "This is entirely attributable to the US pursuance of the policy of aggression against the DPRK (North Korea)."
The North frequently claims nuclear war is imminent. But military tensions have risen sharply since it bombarded a South Korean border island on November 23, killing two marines and two civilians.
Pyongyang's disclosure last month of an apparently working uranium enrichment plant -- a potential new source of bomb-making material -- also heightened regional security fears.
Prominent US politician Bill Richardson is paying a private visit to Pyongyang to try to ease tensions.
The US envoy to stalled talks on the North's nuclear disarmament, Sung Kim, was to hold talks in Seoul later Friday with his South Korean counterpart Wi Sung-Lac.
Uriminzokkiri, the official website of the communist state, said in a commentary seen Friday that war on the Korean Peninsula is only a matter of time.
"Because of the South Koreans' reckless war policies, it is not about war or peace on the Korean peninsula but when the war will break out," the website said.
"If war breaks out, it will lead to nuclear warfare and not be limited to the Korean peninsula," it said in a posting dated Thursday.
In a separate commentary, ruling party newspaper Rodong Sinmun Friday described the peninsula as the world's most dangerous place.
It reiterated calls for a formal peace treaty with Washington and the withdrawal of 28,500 US troops from South Korea.
"The Korean peninsula remains a region fraught with the greatest danger of war in the world," the paper said. "This is entirely attributable to the US pursuance of the policy of aggression against the DPRK (North Korea)."
The North frequently claims nuclear war is imminent. But military tensions have risen sharply since it bombarded a South Korean border island on November 23, killing two marines and two civilians.
Pyongyang's disclosure last month of an apparently working uranium enrichment plant -- a potential new source of bomb-making material -- also heightened regional security fears.
Prominent US politician Bill Richardson is paying a private visit to Pyongyang to try to ease tensions.
The US envoy to stalled talks on the North's nuclear disarmament, Sung Kim, was to hold talks in Seoul later Friday with his South Korean counterpart Wi Sung-Lac.
those bought high..... no way to recover ?
Bintang ( Date: 15-Nov-2010 13:46) Posted:
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can share ur chart..... STI head and shoulder.... hk also head and shoulder....
recession coming ?
Luostock ( Date: 16-Dec-2010 14:58) Posted:
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RafflesMG has continued to rebound to reach $2.40 today . There is a gap at $2.46 not filled yet .
Bintang ( Date: 13-Dec-2010 11:41) Posted:
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RMG chart looks like STI will it form Head & shoulder ?