Raffles Medical's Shares Seen Attractively Priced as Pre-results Entry Point

Dow Jones
Jul 07

0814 GMT - Raffles Medical's shares appear attractively priced as an entry point ahead of its 1H results, says RHB Research's Shekhar Jaiswal in a note. Its 1H earnings are likely to be a crucial check-in for its China segment, as the Singapore healthcare company said it aims for at least one China hospital to achieve Ebitda break-even by end-2026, he says. Meanwhile, the company's insurance segment is likely to benefit from new regulations for a certain plan type in Singapore, which should structurally improve industry claims ratios in the city-state, he says. He reckons Raffles Medical shares trade at a discount to its Southeast Asian healthcare peers despite its strong earnings visibility. RHB retains its buy rating and 1.30 Singapore dollar target price on Raffles Medical, which rises 1.1% to S$0.93. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

July 07, 2026 04:14 ET (08:14 GMT)

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