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RHB ‘upbeat’ on Raffles Medical’s contract win for providing medical services at Connect@Changi

Felicia Tan
Felicia Tan • 3 min read
RHB ‘upbeat’ on Raffles Medical’s contract win for providing medical services at Connect@Changi
The contract period begins from Sept 20 and ends on Feb 9, 2025. Raffles Medical had the lowest bid value of $151,392. Photo: Raffles Medical
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RHB Bank Singapore analyst Shekhar Jaiswal is keeping his “buy” call on Raffles Medical Group (SGX:BSL) with an unchanged target price of $1.75.

Jaiswal’s report, dated Sept 28, comes after the group beat a total of nine bidders and was awarded the contract to continue providing medical services at Connect@Changi as a transitional care facility or Covid-19 treatment facility at Hall 9 and as a Covid-19 treatment facility at Hall 10.

The contract period begins from Sept 20 and ends on Feb 9, 2025. Raffles Medical had the lowest bid value of $151,392.

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