Raffles Medical Group - Policies, Immunity Debt, Tourism Helped

Raffles Medical Group - Phillip Securities 2023-03-06: Policies, Immunity Debt, Tourism Helped

Raffles Medical Group - Policies, Immunity Debt, Tourism Helped

SGinvestors.io

Published: 2023-03-20 02:56 AM

RAFFLES MEDICAL GROUP LTD (SGX:BSL)

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The drop in COVID-19-related revenue was offset by higher margin foreign patients, more elective surgeries, increased GP clinic visitations and additional bed capacity in Changi under the Transitional Care Facilities (TCF).

The re-opening of borders and relaxation of social restrictions triggered the return of medical tourists. There was a wave of other infections raising the volumes at GP clinics and TCFs. We expect the TCF to be operational until public hospital capacity is meaningfully increased.

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The Positives

Spike in healthcare services earnings.

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

SGinvestors.io

Paul Chew Phillip Securities Research | https://www.stocksbnb.com/ 2023-03-06

Read also Phillip's most recent report:
2025-02-25 Raffles Medical - Returning To Stable Growth.

Previous report by Phillip:
2024-08-01 Raffles Medical Group - Competition Will Cap Upside.

Price targets by 4 other brokers at Raffles Medical Target Prices.

Listing of research reports at Raffles Medical Analyst Reports.

Relevant links:
Raffles Medical Share Price History,
Raffles Medical Announcements,
Raffles Medical Dividend Payout Dates & Corporate Actions,
Raffles Medical News