Indeed, many healthcare companies in Singapore have been tapping overseas growth since 2014 in the wake of slowing medical tourist arrivals at Singapore.
SINGAPORE (Jan 8): Although healthcare stocks in Singapore underperformed last year largely due to the setting up of new hospitals overseas, CIMB says the sector would be rerated once they stabilised.
In 2017, average returns for healthcare stocks came in at –14.8% versus the Straits Times Index's 18.1% gain.
