- Raffles Medical (SGX:BSL) reported higher 2024 revenue (+6.3% y-o-y), driven by all business segments. However, 2024 EBITDA (-18.5% y-o-y) and adjusted PATMI (-24.8% y-o-y) fell, dragged by an unfavourable revenue mix and higher operating costs.
- - Read this at SGinvestors.io -
- Excluding the non-recurring items, 2024 PATMI would have formed around 96% of our full-year forecasts.
Strong end to 2H24.
- For 2H24, Raffles Medical reported increased revenue (+14.8% y-o-y), EBITDA (+10.2% y-o-y) and core PATMI (+38.0% y-o-y), driving broad-based growth across all segments as patient load and intensity continue to recover.
Increasing shareholder return.
- - Read this at SGinvestors.io -
- Raffles Medical also adjusted its dividend policy higher to at least 50% payout ratio (up to 50% payout ratio previously) while also declaring a share buyback programme of 100m ordinary shares (approximately 5% of total issued ordinary shares) over the next two years.
Healthcare services: Strong performance.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Llelleythan Tan UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-02-25
Previous report by UOB:
2024-07-30 Raffles Medical - 1H24 Results Slightly Below Expectations, Margins Remain Soft.
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
