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'Buy' Raffles Medical, as it benefits from Singapore's reopening: analysts

Amala Balakrishner
Amala Balakrishner7/13/2021 1:53 AM GMT+08  • 3 min read
'Buy' Raffles Medical, as it benefits from Singapore's reopening: analysts
Jaiswal is maintaining his “buy” call on the company at a revised target price of $1.35.
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Raffles Medical is set to benefit from Singapore’s re-opening, says RHB Securities analyst Shekhar Jaiswal.

“The accelerated vaccination programme and continued testing as the country relaxes restrictions and looks to reopen borders by the year end should continue to support near-term revenue and earnings,” he adds.

Jaiswal’s comments come as Raffles Medical provides Covid-19 testing at its 36 clinics. It was also one of the six firms to be awarded contracts to provide testing services at regional screening centres and dormitories.

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