Phillip Securities analyst Paul Chew maintained a Buy rating on Raffles Medical Group (RAFLF – Research Report) today and set a price target of S$142.00. The company’s shares closed last Wednesday at $1.07.
According to TipRanks, Chew is a 3-star analyst with an average return of 4.3% and a 56.82% success rate. Chew covers the Technology sector, focusing on stocks such as Block, StarHub, and Adobe.
In addition to Phillip Securities, Raffles Medical Group also received a Buy from CLSA’s Hornghan Low in a report issued on February 28. However, on the same day, Nomura maintained a Hold rating on Raffles Medical Group (Other OTC: RAFLF).
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The company has a one-year high of $1.16 and a one-year low of $0.77. Currently, Raffles Medical Group has an average volume of 100.
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Raffles Medical Group Ltd. is an investment holding company, which engages in the operation of medical clinics and other general medical services. It operates through the following segments: Healthcare Services, Hospital Services, and Investment Holdings. The Healthcare Services segment includes the management of medical clinics and other general medical services, provision of health insurance, trading in pharmaceutical and nutraceutical products and diagnostic equipment, and provision of management and consultancy services. The Hospital Services segment provides specialized medical services and operates hospital and business of medical laboratory and imaging center. The Investment Holdings segment refers to the investment properties. The company was founded by Choon Yong Loo and Alfred Loh in 1976 and is headquartered in Singapore.
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