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Healthcare
Rally in Singapore healthcare stocks may not be over
SINGAPORE (May 22): Healthcare stocks in Singapore have rewarded investors with an average 50% gain in the past year, a rally that may continue as companies acquire local clinics to expand in the region’s medical-care market.
May 22, 2017
Results
Cordlife sees 3Q losses narrow 80.4% to $0.4 mil
SINGAPORE (May 12): Cordlife Holdings says 3Q17 losses narrowed to $0.4 million from $2 million a year ago.
May 12, 2017
Broker's Calls
Budding property & healthcare potential to boost this stock's prospects in the region
SINGAPORE (May 9): DBS Vickers Securities is maintaining its “buy” rating on Perennial Real Estate holdings with a target price of $1.05, following its strong 1Q17 set of results boosted by gains from its partial divestment of TripleOne Somerset in Ja
May 09, 2017
Global Economy
House passes Obamacare repeal in razor-thin GOP victory
WASHINGTON (May 5): House Republicans mustered just enough votes to pass their health-care bill Thursday, salvaging what at times appeared to be a doomed mission to repeal and partially replace Obamacare under intense pressure from President Donald Trump
May 05, 2017
M&A
SPH acquires nursing home operator Orange Valley for $164 mil
SINGAPORE (April 25): Singapore Press Holdings (SPH) today announced its acquisition of Orange Valley Healthcare (OV), the operator of nursing homes and ancillary services, for about $164 million from private equity firm KV Asia Capital.
April 25, 2017
Broker's Calls
Can Raffles Medical Group count on its China expansion for an earnings boost?
SINGAPORE (April 25): RHB and Maybank Kim Eng Research have lowered their price targets on Raffles Medical Group (RMG) to $1.49 from $1.72, and to $1.67 from $1.70 respectively after the group posted a marginal 1.7% decline in 1Q17 revenue yesterday on so
April 25, 2017
Investing strategies
Prioritise quality over yield when looking at dividends, says Bank of Singapore
SINGAPORE (April 17): As global markets enter into a consolidation phase, Bank of Singapore (BoS) is advising investors to brace themselves for higher volatility by seeking shelter in “dividend growers” – quality companies with strong balance sheets
April 17, 2017
IPO
Asia-Pacific continues to dominate the global IPO scene in 1Q17
SINGAPORE (April 6): The Asia-Pacific region continued to dominate global initial public offering (IPO) activity in 1Q17 to account for 70% of the global number of IPOs and 48% by global proceeds.
April 06, 2017
Update
Raffles Medical Group acquires land to develop hospital in Chongqing
SINGAPORE (April 3): Raffles Medical Group (RMG) has acquired a 28,000 sq m plot of land in the New North District of the Liangjiang New Area in Chongqing, China, on which it intends to develop a 700-bed international tertiary general hospital.
April 03, 2017