SINGAPORE (April 17): UOB Kay Hian is maintaining a “buy” call on Singapore O&G with higher target price of $1.53 on expectations paediatrics service could start in 2H17.
SOG recently announced the incorporation of a new paediatrics subsidiary, SOG Children, whose principal activities include provision of general paediatrics and adolescent medicine services.
In an April 17 research note, analyst Thai Wei Ying expects the new division could be set up via organic expansion by recruitment or inorganic expansion through an acquisition.
