AsiaMedic

AsiaMedic: Released FY12 results; Revenues increase 13% y/y to $11.9m, earnings increased 110% to $81k. Increase was driven by the improved performance from its local diagnostic imaging and wellness businesses. Mgmt attributed performance to the increased demand for private healthcare in Singapore has benefited the Group significantly in 2012, and expect further growth in demand from Singapore's own growing and aging population as well as medical visitors from the surrounding countries. AsiaMedic is trading at 3.2x P/B.