RHB Group Research is maintaining its ‘buy’ call and target price of $1.45 on Raffles Medical Group. This is expected to give the counter a 4% upside from its $1.39 price, analyst Shekhar Jaiswal writes in a Sep 21 note.

His move comes despite the tapering of the vaccination programme in Singapore.

“This would lead to lower 2H2021 revenue for its healthcare business,” notes Jaiswal.

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