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This healthcare stock could be a multibagger as share price plunges to all-time low

Stanislaus Jude Chan
Stanislaus Jude Chan • 3 min read
This healthcare stock could be a multibagger as share price plunges to all-time low
Phillip Securities Research forecasts that the company will clock another year of positive EBITDA in FY2020.
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SINGAPORE (Mar 10): Phillip Securities Research is reiterating its confidence in healthcare player Clearbridge Health, on the back of the expansion of its regional footprint.

The optimism comes despite Clearbridge posting a set of results for FY2019 ended December that came in below expectations.

Clearbridge narrowed its losses to $10.6 million for FY2019, a 42.8% improvement from losses of $18.4 million a year ago.

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