Raffles Medical Group (RMG)

The markets are likely to be spooked at the opening bell after Singapore on Thursday evening announced its first confirmed case of the deadly Wuhan virus. Here's what you need to watch out for.

SINGAPORE (Oct 31): Analysts are maintaining their “hold” recommendations on Raffles Medical Group (RMG), after the group posted a 16.9% drop in 3Q19 earnings on the back of gestation losses for its new hospital in Chongqing, China.

SINGAPORE (Oct 29): Raffles Medical Group reported a 16.9% drop in earnings to $13.6 million for the 3Q19 ended September, from $16.4 million a year ago, on the back of gestation losses for RafflesHospital Chongqing.

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.

SINGAPORE (June 11): CGS-CIMB Research says China could be the “cure” for anaemic local growth among Singapore-listed healthcare providers, with a total healthcare market size that is some 46 times larger.

SINGAPORE (April 29): Raffles Medical Group (RMG) says Raffles Hospital Chongqing saw around 500 patients over 1Q19 since it opened in January this year. The new hospital currently has between 100 and 150 beds, and the group intends to roll out more beds

SINGAPORE (Feb 26): Analysts are generally neutral on Raffles Medical Group (RMG) after the group yesterday announced that its FY18 earnings saw a slight 0.4% increase y-o-y to $71.1 million, while revenue grew 2.4% to $489.1 million.

SINGAPORE (Feb 25): Raffles Medical Group (RMG) announced $71.1 million in earnings for FY18, rising a marginal 0.4% from $70.8 million in FY17 as higher tax expenses and additional depreciation from the recently-completed Raffles Specialist Centre contin

SINGAPORE (Jan 2): Raffles Medical Group (RMG) says its 700-bed hospital in Chongqing is now open, with a second hospital to open in Shanghai, Pudong Qintan, this year.

SINGAPORE (Oct 30): Raffles Medical Group reported 3Q18 earnings remain unchanged at $16.4 million compared to the previous year.