The equities research firm notes that there were “weak and mixed” correlations between PSI readings during the haze from 2013 to 2016 and the share prices of RFMD and IHH.
SINGAPORE (Sept 25): The ongoing haze has little impact on healthcare providers in terms of revenue or share price, but prolonged haze conditions showed an increase in admissions to private hospitals, an analysis by CGS-CIMB Research has found.
“Our correlation analysis suggests that share prices of healthcare companies under our coverage, Raffles Medical Group (RFMD) and IHH Healthcare, have very weak associations with PSI readings; there were also negative correlation coefficients over certain periods,” says analyst Ngoh Yi Sin in a Tuesday report.
