Raffles Medical    Last:0.945   -

Raffles Medical

Wondering what is the next target price... like no catalyst... 🤔

 

Now is hovering at 0.83 to 0.835 range.  Maybe good to load some for long term.

Defensive stock, aging population, society is getting affluent and more people could afford healthcare, especially through insurance.

 

Will their business affected ? In China.

 

recent result not so good but 2% dividend still not bad..the share price used to hover ard 95c to 110, tot of accumulating but not sure q3  result will improve or get worst..your tots?

albeniz      ( Date: 17-Jun-2020 17:45) Posted: Accumulate for collection of dividends too, passive income.

 

Could take about 2-3 years before seeing profits and dividends being back to normal?

 

Accumulate for collection of dividends too, passive income.

 

Good time to accumulate now.

When virus is over and business is back to normal, the comeback would be very strong as there are many backlogged medical appointments which need to be attended to.

Octavia      ( Date: 13-Jun-2020 16:38) Posted: Despite being in the healthcare sector, Raffles Medical share price did not surge during the COVID-19 pandemic like what shares of Riverstone and Top Glove did. Instead, Raffles Medical share price fell like the rest of its peers (Parkway Life REIT and First REIT). The reason for the decline of share price hospital operators is because the COVID-19 pandemic resulted in countries being locked down, thereby affecting patient loads. Raffles Medical share price was particularly affected by the COVID-19 because it owns two hospitals in China, the original epi-centre of the outbreak. Some of their clinics in China were forced to close by the authorities while its Chongqing hospital has to operate with a significantly smaller patient load due to the lockdowns. In Singapore, the government has barred foreign visitors from coming to Singapore to seek medical treatment. To rub salt into injury, there is a lot of uncertainties concerning the opening of its Shanghai Hospital. In February, the management updated that &ldquo preparations are on track to enable RafflesHospital Shanghai to be ready for operations. However, in view of the COVID-19 situation, the actual date of commencement of operations will depend on when Shanghai returns to normalcy&rdquo . The uncertainties of the commencement of Shanghai Hospital, coupled with the start-up losses, will likely to weigh on Raffles Medical share price.

 

Good. Then we will get some at 0.88~0.90 range.

Octavia      ( Date: 13-Jun-2020 16:38) Posted: Despite being in the healthcare sector, Raffles Medical share price did not surge during the COVID-19 pandemic like what shares of Riverstone and Top Glove did. Instead, Raffles Medical share price fell like the rest of its peers (Parkway Life REIT and First REIT). The reason for the decline of share price hospital operators is because the COVID-19 pandemic resulted in countries being locked down, thereby affecting patient loads. Raffles Medical share price was particularly affected by the COVID-19 because it owns two hospitals in China, the original epi-centre of the outbreak. Some of their clinics in China were forced to close by the authorities while its Chongqing hospital has to operate with a significantly smaller patient load due to the lockdowns. In Singapore, the government has barred foreign visitors from coming to Singapore to seek medical treatment. To rub salt into injury, there is a lot of uncertainties concerning the opening of its Shanghai Hospital. In February, the management updated that &ldquo preparations are on track to enable RafflesHospital Shanghai to be ready for operations. However, in view of the COVID-19 situation, the actual date of commencement of operations will depend on when Shanghai returns to normalcy&rdquo . The uncertainties of the commencement of Shanghai Hospital, coupled with the start-up losses, will likely to weigh on Raffles Medical share price.

 

Despite being in the healthcare sector, Raffles Medical share price did not surge during the COVID-19 pandemic like what shares of Riverstone and Top Glove did. Instead, Raffles Medical share price fell like the rest of its peers (Parkway Life REIT and First REIT). The reason for the decline of share price hospital operators is because the COVID-19 pandemic resulted in countries being locked down, thereby affecting patient loads.

Raffles Medical share price was particularly affected by the COVID-19 because it owns two hospitals in China, the original epi-centre of the outbreak. Some of their clinics in China were forced to close by the authorities while its Chongqing hospital has to operate with a significantly smaller patient load due to the lockdowns. In Singapore, the government has barred foreign visitors from coming to Singapore to seek medical treatment.

To rub salt into injury, there is a lot of uncertainties concerning the opening of its Shanghai Hospital. In February, the management updated that &ldquo preparations are on track to enable RafflesHospital Shanghai to be ready for operations. However, in view of the COVID-19 situation, the actual date of commencement of operations will depend on when Shanghai returns to normalcy&rdquo . The uncertainties of the commencement of Shanghai Hospital, coupled with the start-up losses, will likely to weigh on Raffles Medical share price.

 

RMG got many govt contracts for the CB facilities, for airport screening, etc!

 

Slow but steady! 

 

Time to wake up..

 

I' m newbie, looking for sifu to understand why this one is not moving up faster?
 

 

anyone looking at this big medical bro? 

 

Hoping to collect again at 70 plus cents.

 

Ok. Gradually absorb.

Heng1420      ( Date: 23-Apr-2020 09:29) Posted: It should be a time now on  for RMG to run.

 

Raffles Medical' s Q1 profit drops 45.4%, but OCBC sees ' gradual recovery'

TUE, APR 28, 2020 - 5:50 AM

OCBC Investment Research has issued a " buy" call on Raffles Medical Group even as the integrated healthcare provider on Monday reported a 45.4 per cent plunge in its profit after tax for the first quarter this year.

Noting that the group is on a " gradual recovery path" ,...
https://www.businesstimes.com.sg/companies-markets/raffles-medicals-q1-profit-drops-454-but-ocbc-sees-gradual-recovery

 

It should be a time now on  for RMG to run.

 

Because the big boss is the doctor. To him, life is most important, not money. So, RMG share price like that lor. 

 

All medical stock go up so much except this one . Nobody interested ,why?