$RAFFLES MEDICAL GROUP LTD(BSL.SI)$has been trending upwards ever since it released its record breaking earnings results with 1H22 PATMI at SGD 60 million, up 51% year on year. This fantastic results were led by the return in volumes of both local and foreign patients.
1H22 revenue grew 11% year on year to SGD 382 million, led by growth in health care services, up 24% but hospital services fell 11% year on year due to lower PCR diagnostic tests carried out.
Healthcare services have doubled to that of Pre Covid, while hospital services are back to Pre Covid levels.
7 Financial Analysts are bullish on Raffles Medical with BUY rating. DBS Research at Target Price of 1.64, RHB Invest at 1.65, OCBC Investment at 1.50, CGS-CIMB at 1.50, Maybank Research at 1.57 and Phillips Securities at 1.46.
I am bullish on $RAFFLES MEDICAL GROUP LTD(BSL.SI)$ as it ticks all the fundamentals of a quality stock. It is profitable, has a solid balance sheet and a excellent management team. $RAFFLES MEDICAL GROUP LTD(BSL.SI)$ is also my defensive play as healthcare is an essential service and impervious to economic cycles.
Go Long Go Strong Go Raffles Medical!
@Daily_Discussion@TigerStars@MillionaireTiger@CaptainTiger
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- hellodarz888·2022-09-15thanks for sharing. do they have like stats value per bed? haha congrats to a strong win2Report
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