Raffles Medical: DMG maintains Buy, TP $2.55. Note that outlook remains positive, given its 2 expansion projects (hospital extension and acquisition of Thong Sia Building) that it expects to complete in 2 - 3 yrs, and the stable demand for healthcare in Singapore.
Currently, Raffles Medical is the only listed healthcare provider with primary (a network of GP clinics island-wide), secondary (a range of specialist services) and tertiary healthcare services. Raffles Medical expects to release 4Q11 results around 20 Feb12.
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