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Reinvigorated Singapore Medical Group ready to soar

Jude Chan
Jude Chan3/1/2017 11:26 AM GMT+08  • 2 min read
Reinvigorated Singapore Medical Group ready to soar
SINGAPORE (Mar 1): RHB is keeping Singapore Medical Group (SMG) on “buy” with a higher target price of 65 cents, from 59 cents previously, on the back of its expanding war chest.
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SINGAPORE (Mar 1): RHB is keeping Singapore Medical Group (SMG) on “buy” with a higher target price of 65 cents, from 59 cents previously, on the back of its expanding war chest.

The healthcare services provider staged a turnaround in the full year ended Dec 31, swinging back into profitability with record earnings of $2.4 million on higher revenue.

Revenue in FY2016 rose 34.3% on-year to $41.6 million, mainly driven by contributions from the healthcare segment, which grew 35% to $29.9 million.

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