Stock Name: Raffles Medical
Company Name: RAFFLES MEDICAL GROUP LTD
Company Name: RAFFLES MEDICAL GROUP LTD
| Research House: OSK-DMG | Price Call: BUY | Target Price: 4.05 |
SINGAPORE (Oct 28): OSK-DMG has downgraded Raffles Medical Group to "neutral" from "buy", citing a muted earnings growth outlook.
The healthcare group's earnings next year might grow only 11%, compared with a likely improvement of 15% to 20% for its peers in the region, according to OSK-DMG analysts Arshath Mohamed and Shekhar Jaiswal, who have a price target of $4.05.
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