Ngoh expects the group to start incurring start-up costs from the opening of the Chongqing hospital in FY18 and its Shanghai hospital from FY19 onwards.
SINGAPORE (Jan 8): CIMB is maintaining its “add” call on Raffles Medical Group (RMG) with a target price of $1.24.
"We think 2018 will be the year when management executes on its Chongqing hospital," says analyst Ngoh Yi Sin in a Sunday report.
