Thursday, June 23, 2016

Raffles Medical

Raffles Medical: OCBC is not overly concerned with HV mall
- Share price recently turned south, following recent reports on the longer than expected completion of Holland Village Mall.
- OCBC estimates that this project only account for 1-2% of FY16F/17F revenue forecast.
- Separately, OCBC believes prospects for the healthcare sector should continue to be healthy
- The house maintains its HOLD rating with TP of $1.57.

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