Singapore Healthcare Stocks Flash Note - DBS Research 2022-10-21: Public Hospital Bed Crunch Spillover To Private Hospital

• Over-crowded public hospitals could spillover to private hospital. Raffles Medical (SGX:BSL) is a key beneficiary under The Emergency Care Collaboration while IHH Healthcare (SGX:Q0F) may benefit from patients seeking private healthcare to avoid long waiting time.
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

We have seen the rise of COVID-19 cases recently, mainly due to the new Omicron XBB subvariant. The number of new COVID cases shot up to 11,533 on 18 Oct, more than double that of the day before at 5,028 cases. The 7-day moving average of local cases as of 19 Oct was 8,114. Health Minister Ong Ye Kung said in a press conference last Saturday that the wave is expected to peak at about 15k daily cases by mid-November, according to The Straits Times. See article.

MOH stepping up measures to ensure public hospital situation is under control. The public hospitals will set aside more than 800 beds by early November. MOH has already activated measures including deferring non-urgent admissions, discharging stable patients home or to nursing homes, and transferring recovering patients to transitional care facilities and community hospitals.

Our thoughts on SG Healthcare stocks

• Read more at SGinvestors.io.

Rachel Lih Rui TAN DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-10-21 SGinvestors.io

---