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

Raffles Medical Group - Policies, Immunity Debt, Tourism Helped

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RAFFLES MEDICAL GROUP LTD (SGX:BSL) | SGinvestors.ioRAFFLES 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.

    • Read more at SGinvestors.io.




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



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


    Read also Phillip's most recent report:
    2024-02-28 Raffles Medical - Lacklustre Near-Term.

    Previous report by Phillip:
    2023-11-08 Raffles Medical Group - Pressure Points Everywhere.

    Price targets by 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 Dividends & Corporate Actions,
    Raffles Medical News Articles



    Raffles Medical Share Price Performance vs The STI
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