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Is RMG capable to take over Healthway so that there will be less competition for its clinics rather than setting up more new clinics ?
| Raffles Medical plans to build a hospital in China |
| WRITTEN BY THOMSON REUTERS |
| THURSDAY, 16 DECEMBER 2010 08:36 |
Singapore healthcare services firm Raffles Medical (RAFG.SI) is prepared to invest $200-300 million to build a hospital in China to tap into the growing medical care needs of the world’s most populous nation, its chairman said.
Raffles, which has already opened a medical centre in Shanghai, may set up a general hospital with a few areas of excellence such as cancer treatment, cardiology and fertility in a “gateway city” like Shanghai, Beijing, Shenzhen or Guangzhou. “We are looking for possibilities -- site, permission -- to invest in an international hospital in China with at least 300 beds,” chairman Loo Choon Yong told Reuters in an interview.
Loo said Raffles may enter a joint venture or make its own investment with a mix of internal cash, debt and equity, but he qualified that it must be economically feasible for the firm.
He added that it may take around three years to build a hospital from the time the firm finds a suitable land in China, and it may recruit 100-200 doctors, who will be a mix of Singaporeans, Chinese and other nationalities.
Back home in Singapore, Loo said Raffles aims to invest around $12.5 million to increase its number of general practice, dental and specialist clinics to 100 from the current 75 in the next three years using the firm’s internal resources.
By 2013, Raffles aims to complete the expansion at its flagship hospital of an additional 102,408 square feet, which would boost the current space by one-third, Loo said.
“I certainly hope that with the one-third increase in space, we should be able to grow at least one-third in top line by 2015(versus 2012),” he said.
He added that Raffles has an estimated 10% of the private hospital market in Singapore and targets further growth.
“We hope we can continue to grow at the rate we have been growing. CAGR (compounded annual growth rate) of 15% is reasonable,” he said, adding that the firm aims to maintain this rate in the next 5-10 years.
/theedgesingapore////
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RafflesMG has made a technical rebounce to the Fibo 's 50 % zone at $2.35 recently . Last week , it came down for a straight four days to form a small falling wedge , breaking the formation at $2.31 today may reach a first target at 2.45 .
Bintang ( Date: 01-Dec-2010 13:56) Posted:
The support at $2.38 did not support RafflesMG to go down rapidly . It came down to $2.20 today n almost filled the gap created previously . It looks like completing the correction while gap was filled . The uptrend is intact n may go into technical rebounce soon .
Bintang ( Date: 15-Nov-2010 13:46) Posted:
| RafflesMG followed the market to pull back for a minor correction . It retreated very fast to touched the old high at $2.38 which is now a very strong support for the recent uptrend . All moving averages are intact n momemtum remains strong .It was a healthy correction n much needed . From here , the upside target is still at $2.67 |
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Today is a Day to Buy RafflesMG.
Business: Medical and Healthcare Services; General Practice, Dental and Specialist Healthcare Services, X-ray and Diagnostic Services, Healthscreening and Laboratory Testings; International Healthcare Insurance; In Asia-Pacific.
Now Trading at $2.33.
1. In an Uptrend Channel with Potential High of $2.55.
2. Just Bounded off its Support Level at $2.24.
3. MACD are in the mist of reversing Upwards.
4. Stochastic crossed and just left the oversold region.
5. Company Gives Regular Dividends.
6. Revenue, Profit and Cash Flow all increase QoQ.
7. Company Debt have been decreasing YoY.
8. Directors have been Buying Company’s Shares Since beginning of this Year.
Grade: 8.
Stop-Loss Below: $2.285.
Target Price: $2.55.
More on my Blog at
Alex Trades.
This is just my personal analysis. You invest at your own risk.
Good luck to all.
The support at $2.38 did not support RafflesMG to go down rapidly . It came down to $2.20 today n almost filled the gap created previously . It looks like completing the correction while gap was filled . The uptrend is intact n may go into technical rebounce soon .
Bintang ( Date: 15-Nov-2010 13:46) Posted:
RafflesMG followed the market to pull back for a minor correction . It retreated very fast to touched the old high at $2.38 which is now a very strong support for the recent uptrend . All moving averages are intact n momemtum remains strong .It was a healthy correction n much needed . From here , the upside target is still at $2.67 .
Bintang ( Date: 11-Nov-2010 19:24) Posted:
| RafflesMG is on its way to $2.67 , it went up seven cents today n closed at all time high at $2.51 . Both daily n weekly ADX are still at the initial stage n more room to go up further . Daily RSI has just gone into over-bought position . No resistance ahead until it reaches $2.67 |
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Haha... as usual lor... overprice counter always get much attention.... people always prefer very high PE as higher can go highest..... when crash can get very fat meat man....
Right issue .... possible.
But currently with less listed hospitality company available ie. Parkway and Thomson Medical, RM has been basking in the lime light. Hence, the premium cannot be discounted.
Perhaps they are pushing the price up for a possible rights issue to fund the extension of hospital?
Just my guess.
winsontkl ( Date: 20-Nov-2010 15:58) Posted:
$2.50 range, will it move to $3??? Probably the extension of hospital will bring better earning ... |
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$2.50 range, will it move to $3??? Probably the extension of hospital will bring better earning ...
with h5n1 maybe it will grow !
bsiong ( Date: 19-Nov-2010 08:46) Posted:
Raffles Medical Group: Thriving on quality but priced in
Summary: Raffles Medical Group (RMG) could face increasing pressure from regional competitors, given that Singapore ’s medical tourism business is growing more slowly than some other regional countries. However, we believe that RMG will continue to strive to stay ahead of competition by rolling-out more advanced medical techniques focused on depth and quality. Management has also guided that there has been no negative impact on foreign patient numbers. One key reason is likely due to the marketing efforts of RMG to create awareness about the quality and safety of the healthcare services it provides. While RMG’s share price has risen 12.4% since our last report, we believe that this is largely driven by market sentiment on the healthcare sector rather than fundamentals. We continue to like RMG’s good track record and cost effectiveness, but believe that current valuations already reflect these qualities and more (trading at 28.8x/25.0x FY10/FY11F EPS). Maintain our HOLD rating and fair value estimate of S$2.35 (based on 24x FY11F EPS). (Wong Teck Ching Andy)
/PS
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does temaksek have any shares in RMG? could they want to buy in
Raffles Medical Group: Thriving on quality but priced in
Summary: Raffles Medical Group (RMG) could face increasing pressure from regional competitors, given that Singapore ’s medical tourism business is growing more slowly than some other regional countries. However, we believe that RMG will continue to strive to stay ahead of competition by rolling-out more advanced medical techniques focused on depth and quality. Management has also guided that there has been no negative impact on foreign patient numbers. One key reason is likely due to the marketing efforts of RMG to create awareness about the quality and safety of the healthcare services it provides. While RMG’s share price has risen 12.4% since our last report, we believe that this is largely driven by market sentiment on the healthcare sector rather than fundamentals. We continue to like RMG’s good track record and cost effectiveness, but believe that current valuations already reflect these qualities and more (trading at 28.8x/25.0x FY10/FY11F EPS). Maintain our HOLD rating and fair value estimate of S$2.35 (based on 24x FY11F EPS). (Wong Teck Ching Andy)
/PS
RafflesMG followed the market to pull back for a minor correction . It retreated very fast to touched the old high at $2.38 which is now a very strong support for the recent uptrend . All moving averages are intact n momemtum remains strong .It was a healthy correction n much needed . From here , the upside target is still at $2.67 .
Bintang ( Date: 11-Nov-2010 19:24) Posted:
RafflesMG is on its way to $2.67 , it went up seven cents today n closed at all time high at $2.51 . Both daily n weekly ADX are still at the initial stage n more room to go up further . Daily RSI has just gone into over-bought position . No resistance ahead until it reaches $2.67 .
Bintang ( Date: 10-Nov-2010 19:43) Posted:
| With more than average volume traded these two days , RafflesMG went up strongly to reach $2.45 today . Daily RSI is about to go into over-bought position at 71 . ADX has started to rise from 27 . Very strong support is at $2.37 , n the next target is at $2.67 |
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Hi thulasiappan , how are u ? I miss u n all the friends here . I went for op . last month , now getting better . I will clear my mail box now .
thulasiappan ( Date: 11-Nov-2010 21:44) Posted:
Hello Bintang, Welcome Back. I'm missing your TA postings. Hope now onwards daily we can see your punch lines. Note: Can you please clear your PM box. Unable to send PM due to your mail box is full.
Bintang ( Date: 11-Nov-2010 19:24) Posted:
| RafflesMG is on its way to $2.67 , it went up seven cents today n closed at all time high at $2.51 . Both daily n weekly ADX are still at the initial stage n more room to go up further . Daily RSI has just gone into over-bought position . No resistance ahead until it reaches $2.67 |
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Hello Bintang,
Welcome Back. I'm missing your TA postings. Hope now onwards daily we can see your punch lines.
Note: Can you please clear your PM box. Unable to send PM due to your mail box is full.
Bintang ( Date: 11-Nov-2010 19:24) Posted:
RafflesMG is on its way to $2.67 , it went up seven cents today n closed at all time high at $2.51 . Both daily n weekly ADX are still at the initial stage n more room to go up further . Daily RSI has just gone into over-bought position . No resistance ahead until it reaches $2.67 .
Bintang ( Date: 10-Nov-2010 19:43) Posted:
| With more than average volume traded these two days , RafflesMG went up strongly to reach $2.45 today . Daily RSI is about to go into over-bought position at 71 . ADX has started to rise from 27 . Very strong support is at $2.37 , n the next target is at $2.67 |
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RafflesMG is on its way to $2.67 , it went up seven cents today n closed at all time high at $2.51 . Both daily n weekly ADX are still at the initial stage n more room to go up further . Daily RSI has just gone into over-bought position . No resistance ahead until it reaches $2.67 .
Bintang ( Date: 10-Nov-2010 19:43) Posted:
With more than average volume traded these two days , RafflesMG went up strongly to reach $2.45 today . Daily RSI is about to go into over-bought position at 71 . ADX has started to rise from 27 . Very strong support is at $2.37 , n the next target is at $2.67 .
Bintang ( Date: 09-Nov-2010 19:06) Posted:
| RafflesMG has cleared the resistance at $2.37 today with healthy volume . Daily RSI is still not over-bought at 67 . ADX is flat at 26 , while +DI is turning up sharply . Therefore it would go into the uptrend very soon |
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i like your thinking !
iwonder ( Date: 15-Jun-2010 18:21) Posted:
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Fortis and Kazanah battle is drawing interest to other healthcare counters...Healthway, RMG
Price already fully valued......trade with care
E-war ( Date: 14-Jun-2010 21:52) Posted:
| everyone thinking Fortis will hoot other companies instead. haha... |
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about the same price as genting I would rather try genting....
more room for cheong....
Raffles the nurses are quite cute too .......
With more than average volume traded these two days , RafflesMG went up strongly to reach $2.45 today . Daily RSI is about to go into over-bought position at 71 . ADX has started to rise from 27 . Very strong support is at $2.37 , n the next target is at $2.67 .
Bintang ( Date: 09-Nov-2010 19:06) Posted:
RafflesMG has cleared the resistance at $2.37 today with healthy volume . Daily RSI is still not over-bought at 67 . ADX is flat at 26 , while +DI is turning up sharply . Therefore it would go into the uptrend very soon .
Bintang ( Date: 09-Nov-2010 10:17) Posted:
| In fact , RafflesMG would not go down to fill the gap at $2.19 which turned into a strong supporting point . The next resistance to clear is at $2.37 . After this it may go up to a new target at $2.67 |
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RafflesMG has cleared the resistance at $2.37 today with healthy volume . Daily RSI is still not over-bought at 67 . ADX is flat at 26 , while +DI is turning up sharply . Therefore it would go into the uptrend very soon .
Bintang ( Date: 09-Nov-2010 10:17) Posted:
In fact , RafflesMG would not go down to fill the gap at $2.19 which turned into a strong supporting point . The next resistance to clear is at $2.37 . After this it may go up to a new target at $2.67 .
calculus1985 ( Date: 02-Nov-2010 07:13) Posted:
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