Healthcare Sector Sentiment Remains Positive Despite Slow 1Q
The SGX All Healthcare index, a benchmark index for Singapore’s listed healthcare companies, generated a total return of 12.7% in the last 12 months, outperforming the regional benchmark MSCI AC Asia ex Japan Healthcare Index’s total return of 0.8%, but lagging the STI’s 10.8%. Singapore’s 10 largest healthcare stocks averaged a 7.3 % return in the 2017 YTD. In calendar year 2016, they averaged a total return of 22.1%. The top three performers YTD are Talkmed Group (+53.4%), Singapore O&G (+11.1%), and Haw Par Corp (+11.0%).