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All eyes on Raffles Medical Group's China hospitals in 2018

Samantha Chiew
Samantha Chiew1/8/2018 12:13 PM GMT+08  • 2 min read
All eyes on Raffles Medical Group's China hospitals in 2018
SINGAPORE (Jan 8): CIMB is maintaining its “add” call on Raffles Medical Group (RMG) with a target price of $1.24.
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SINGAPORE (Jan 8): CIMB is maintaining its “add” call on Raffles Medical Group (RMG) with a target price of $1.24.

"We think 2018 will be the year when management executes on its Chongqing hospital," says analyst Ngoh Yi Sin in a Sunday report.

Ngoh expects the group to start incurring start-up costs from the opening of the Chongqing hospital in FY18 and its Shanghai hospital from FY19 onwards.

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