- Thomson Medical (SGX:A50)'s FY24 revenue met expectations. However, earnings swung to an adjusted net loss of S$10mil against our forecast profit of S$13mil. Operating margins disappointed due to several investment initiatives and lower project revenue. The acquisition of Vietnam healthcare operations was completed in December 2023.
- - Read this at SGinvestors.io -
- A new hospital in Johor is planned for completion in mid-2029 with the remaining 9.5ha land bank pending a development review.
The Positive
Rising revenue intensity or average bill size.
- - Read this at SGinvestors.io -
- Meanwhile, Singapore's revenue intensity jumped 18% to S$5,041 due to the rising complexity of gynaecology cases.
The Negative
Drop in volumes and margins.
- Read more at SGinvestors.io.
