The group is one of the largest private healthcare providers for women and children in Singapore. It operates three tertiary hospitals in Singapore, Malaysia and Vietnam with a total of 757 licensed beds.
PhillipCapital analyst Peggy Mak has initiated coverage on Thomson Medical Group (SGX:A50
) with a “buy” call and a target price of 6.6 cents.
Mak’s sum-of-the-parts (SOTP)-based target price is pegged at an industry average of 12.5 times FY2025 enterprise value (EV)/earnings before interest, taxes, depreciation and amortisation (ebitda).
