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Singapore O&G downgraded amid margin pressures

Stanislaus Jude Chan
Stanislaus Jude Chan11/10/2017 4:23 PM GMT+08  • 2 min read
Singapore O&G downgraded amid margin pressures
SINGAPORE (Nov 10): Phillip Securities Research is downgrading healthcare group Singapore O&G to “accumulate” with a lower target price of 62 cents, from its previous recommendation of “buy” with a target price of 65 cents.
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SINGAPORE (Nov 10): Phillip Securities Research is downgrading healthcare group Singapore O&G to “accumulate” with a lower target price of 62 cents, from its previous recommendation of “buy” with a target price of 65 cents.

“We are cognizant of the margin pressures arising from sluggish birth rate, slowing medical tourism, higher operating costs and the latent period of the new Paediatric services,” says analyst Soh Lin Sin in a report on Thursday.

SOG saw its earnings slip to $2.35 million for the 3Q ended September, down 3.3% from $2.43 million a year ago, on the back of weaker-than-expected performance from its Obstetrics & Gynaecology (O&G) and Dermatology businesses.

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