CLSA has initiated Raffles Medical Group (R01.SG) a “buy” with a $1.70 target price, according to Dow Jones Newswires.
CLSA says patient numbers set to grow on back of revival of medical tourism demand, shortage of beds in public hospitals.
Posts Tagged ‘raffles’
Raffles Medical Group rated buy
March 2nd, 2010 |
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Kim Eng Research in a Mar 1 research report says: “RMG delivered a remarkable 13th consecutive year of revenue growth since listing and 7th consecutive year of double-digit net profit growth.
Raffles Medical Group raised to ‘buy’ by DBS Vickers
March 1st, 2010 |
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DBS Vickers has upgraded Raffles Medical Group (R01.SG) to “buy” from “hold”, raising its target price to $1.75 from $1.41, pegged at 20x FY10 P/E, after increasing FY10–11 earnings forecasts by 17–24%.
March 1: Property developers, Wilmar, UOB, Cerebos, Raffles Medical, Midas
March 1st, 2010 |
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Wilmar International (WLIL.SI), the world’s largest palm oil planter, is likely to be in the spotlight on Monday after reporting a better-than-expected 18% rise in its fourth-quarter results.
Benchmark Straits Times Index (.FTSTI) inched 0.06% higher to end at 2,750.86 points last Friday.
Raffles Medical Group posts 20.1% rise in net profit to $38m in FY2009
February 26th, 2010 |
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Raffles Medical Group, the private healthcare provider in Singapore and the region, says profit after tax for the group increased 20.1% from $31.7 million in 2008 to $38 million in 2009.
Revenue grew 8.9% from $200.8 million for financial year 2008 to $218.6 million with both Healthcare Services and Hospital Services divisions contributed positively to the growth increasing in revenue by 10.2% and 7.9% respectively.
Raffles Education mulls feasibility of setting up campus in Iskandar Malaysia
February 24th, 2010 |
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Raffles Education Corporation announced it is collaborating with Education@Iskandar Sdn Bhd, the wholly-owned subsidiary of Iskandar Investment Berhad, to determine the feasibility of establishing a multi-institutional education campus in Iskandar Malaysia.
The development will be known as Raffles University Iskandar and will include the launch of Raffles University as part of its first phase of development.
Raffles Education partners ITE to conduct certification courses in OUC
February 23rd, 2010 |
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Raffles Education Corporation, the regional private education provider, says it has tied up with ITE Education Services to conduct ITE-certified courses at some training centres operated by RafflesEducationCorp.
Raffles Education says a pilot training institute will be established at Oriental University City (OUC) in Langfang, China, to roll out these ITE-certified vocational courses.
Raffles Education surges; Khazanah to buy stake in China unit
February 10th, 2010 |
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Bloomberg says shares of Raffles Education Corp. climbed by most in almost one year after Malaysian state-linked investment company Khazanah Nasional Bhd agreed to buy a 10% of its wholly-owned unit Oriental University City.
Raffles Education’s earnings to disappoint for next few quarters, says Kim Eng
February 4th, 2010 |
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Raffles Education Corporation (E6D.SG) is down 7.3% at four-session low of 38 cents in active trade, as sharp fall in December-quarter earnings fuels concerns bottomline in coming quarters may also disappoint, says Dow Jones Market Talk.
“Ongoing investment in organic growth will continue to dampen its earnings in the next few quarters,” says Kim Eng Securities, which has a “hold” call with 42 cents target.
The brokerage expects set-up costs to remain high for rest of year as company rolls out more colleges in Asia, saying, “Meaningful organic growth will only materialise from FY11.”
Raffles Education’s 2Q10 (ended December) net profit fell 74% on-year to $$7 million on lower student enrolment, absence of divestment and FX gains which boosted results year earlier.
Heavy selling pressure suggests stock may close below 40 cents for first time since Jan 27; support tipped at December low of 36 cents.
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Raffles Education posts net profit of $7.5m for 2Q, down 73% y-o-y
February 3rd, 2010 |
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Raffles Education Corporation today reported a net profit of $7.5 million for Q2FY2010 on the back of a 13% decline in turnover. Revenue was $47.2 million for the second quarter ended December 31, 2009 (Q2FY2010) compared with $54.2 million in the second quarter ended December 31, 2009 (Q2FY2009).
NOL, Ezra, Raffles, SIA, Straits Asia Resources, Yangzijiang gain at the break
February 3rd, 2010 |
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Singapore’s Straits Times Index climbed 1% to 2,747.42 as of the 12:30 p.m. trading break, snapping losses of 1.3% in the past three days, reported Bloomberg. Eight stocks advanced for each that fell on the 30-member gauge.
Stocks on the measure trade at 14.7 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg.
Feb 3: SIA, CapitaMalls Asia, ST Engineering, Raffles Education
February 3rd, 2010 |
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Singapore Airlines (SIA) may see unusual trading volume today after it posted a 19.7% rise in quarterly profit to $403.7 million, rebounding from two straight quarters of losses. US stocks rallied for a second day last night as better-than-expected earnings and encouraging data calmed investors after the market’s recent sell-off. The Straits Times Index (.FTSTI) fell 0.56% to close at 2,720.87 points last night.
Singapore Airlines (SIAL.SI) is on course to avert a full-year loss as a recovery in passenger and cargo demand helped it report its best quarterly profit in almost two years.
Raffles Education sets up 4 new colleges in India
February 2nd, 2010 |
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Raffles Education Corporation, one of the largest private education providers in the Asia Pacific region, has set up another four colleges in India under its Raffles Millennium International (RMI) flagship.
They are RMI Chandigarh, RMI Chennai, RMI Ahmedabad RMI and Hyderabad
These colleges, set up with an initial investment of $1 million each, will receive their first intake of students from April.
Raffles Medical Group rated buy
January 28th, 2010 |
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Nomura Research in a Jan 25 research report says: “Following muted 7.4% revenue growth in 9M09, management expects growth momentum to return to double digits, in step with economic recovery. We forecast 24% FY2010F EPS growth on 14% revenue growth, driven by significant operating leverage.
Ascott Raffles City Beijing opens for business
December 2nd, 2009 |
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The Ascott, CapitaLand’s wholly-owned serviced residence business unit, has opened Ascott Raffles City Beijing, its fifth serviced residence in the Chinese capital.
Housed within the Raffles City complex, one of five in China, gives residents of Ascott Raffles City Beijing the convenience of working, shopping and dining under one roof.