SINGAPORE (May 3): OCBC is reiterating its “buy” recommendation on Raffles Medical with a fair value estimate of $1.26.
This came on the back of the group announcing that its 1Q18 earnings increased by 1.7% to $15.8 million compared to $15.5 million a year ago.
Revenue was 4.6% higher at $120.2 million from $144.9 million last year, as revenue from its Healthcare Services division and its Hospital Services division grew by 6.8% and 4.2%, respectively.
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