$Raffles Medical (BSL.SG)$ With covid now endemic, the windf...
$Raffles Medical(BSL.SG$
With covid now endemic, the windfall from vaccinations money by govt is going to be significantly reduced. Unless another major variant happens, its back to business as usual but the upside is medical tourism boost. Fair value now and unlikely to surge to covid highs.
With covid now endemic, the windfall from vaccinations money by govt is going to be significantly reduced. Unless another major variant happens, its back to business as usual but the upside is medical tourism boost. Fair value now and unlikely to surge to covid highs.
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Jefferson Cheong : 1.4 possible?
styleomileoOP : Am afraid unlikely, unless another wave of covid happens... It is fairly valued now in ky opinion and stays within the band of 1 to 1.3
hydros : 2 catalysts that will help it go up
1) medical tourism
2) 2 China hospitals breaking even and start generating profit
hydros : Also on the positive side, founder Dr Loo has recently been buying shares in the open market, together with company buy back. Dr Loo last bought in Feb 2021 when the price was around 1.02. He also bought in April to may 2020 period. This shows he buys only when he sees value in the stock price.