SINGAPORE (June 23): CGS-CIMB Research is rating the medical equipment and services industry “overweight” amid the Covid-19 pandemic. In a Monday report, lead analyst Ong Khang Chuen says, “As the world grapples with Covid-19, it faces a new normal until an effective and widely-available vacci...

SINGAPORE (June 12): Given the hit to medical tourism due to measures to curb the spread of Covid-19, hospital operators are likely to be more severely impacted in 2Q, according to CGS-CIMB Research. This could adversely impact IHH Healthcare, which has 30% of its Singapore revenue contribution deri...

SINGAPORE (May 1): Dormitories severely affected by the coronavirus are set to have on-site Community Care Facilities (CCFs) to house Covid-19 positive migrant workers who display mild symptoms or are clinically well. With this, patients will be moved to these CCFs immediately upon diagnosis and ne...

SINGAPORE (Apr 28): RHB Group Research is maintaining its “neutral” recommendation on Raffles Medical Group (RMG) with a slightly lowered target price of 93 cents from 96 cents previously. Yesterday, the group announced that its 1Q20 profit after tax decreased by 45.4% to $7.5 million from $13....

OCBC Investment Research has issued a "buy" call on Raffles Medical Group even as the integrated healthcare provider on Monday reported a 45.4 per cent plunge in its profit after tax for the first quarter this year.

Submitted By:  Staff Reporter Case Study:  No Profits were dragged down by the pandemic’s impact on its China units. Raffles Medical Group’s profits fo...

SINGAPORE (Apr 27): Raffles Medical Group (RMG) has announced earnings of $7.5 million for 1Q2020 ended March, down 45.4% y-o-y from $13.7 million. The losses were mainly attributed to the Covid-19 pandemic, which severely impacted the Group’s China Healthcare Division that oversees Raffles Hospi...

RAFFLES Medical Group's profit after tax almost halved in the first quarter this year as its China healthcare division was "severely impacted" by the Covid-19 pandemic, the integrated healthcare provider announced in a bourse filing on Monday. 

THE following companies saw new developments that may affect trading of their securities on Monday:

SINGAPORE (Apr 7): Singapore’s construction, shipyard and healthcare companies could see some relief from foreign worker levy rebates announced Monday as part of the Solidarity Budget. But market watchers believe the relief measures will do little to help save Singapore from facing the worst-ever...