Why I am Bullish on Raffles Medical Group
$RAFFLES MEDICAL GROUP LTD(BSL.SI)$ is very much involved in Singapore's battle against Covid-19. It is the biggest healthcare provider here with more than 100 clinics and 3 hospitals in Singapore, China, Japan, Vietnam and Cambodia.
Its share price has been trending sideways recently though. However 4 financial analyst s believe that it is a BUY from 1.48 to 1.68.
DBS Research at 1.48, Maybank Kim Eng at 1.68, OCBC Investment at 1.65 and UOB Kay Hian at 1.66.
Raffles Medical Group financial results in 1H2021 was excellent. Revenue jumped by 42.4% to SGD343. 8 million while net profit more than doubled to SGD39.4 million from SGD17. 2 million.
Besides providing a full spectrum of medical services, Raffles Medical Group also helps the Singapore government with PCR and ART tests in border screenings, pre event testing and pre departure swabbing.
It also pays steady dividends twice yearly too.
The Founder, Dr Loo Choon Yong believes that if you provide good patient care, the business will take care of itself.
I am bullish on Raffles Medical Group because it has great management, a brand moat and a long runway. Go Long Go Strong Go RMG! That's my maxim!
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