raffles medical group

INSIDE INSIGHTS

Institutional outflows persist as buybacks sustain and insiders accumulate

[SINGAPORE] For the five trading sessions spanning Mar 6 to 12, institutions were net sellers of Singapore stocks, with net institutional outflow of S$156 million. This took the accumulated net outflo...

Over the five sessions from Feb 27 to Mar 5, 26 primary-listed companies conducted buybacks with a total consideration of S$131 million.
INSIDE INSIGHTS

Buybacks and director filings surge following heavy earnings season

[SINGAPORE] For the five trading sessions spanning Feb 27 to Mar 5, institutions were net sellers of Singapore stocks, with net institutional outflow of S$41 million, taking the accumulated net outflo...

Dr Loo Choon Yong, executive chairman of Raffles Medical Group, takes a long-term view of the business.
HOCK LOCK SIEW

As Raffles Medical celebrates its golden jubilee, the doctor calls for more patience

Growth from the group’s defensive plays in China and Vietnam will take time

Revenue for the second half is up 0.3% at S$386.9 million, from S$385.9 million a year earlier.

Raffles Medical H2 profit rises 21.7% to S$38.5 million; shares hit one-year high of S$1.08

This is mainly due to improved performance from its hospital services and insurance businesses

Woo has more than 20 years of experience across real estate, hospitality and capital markets, with expertise in financial strategy, governance and investor relations.

Raffles Medical names former Paragon Reit CFO Woo Yeng Yeng as new finance chief

She will oversee corporate finance, tax, treasury and investor relations, among other matters

From left: Ashmita Acharya, head of International Wealth and Premier Banking of HSBC Singapore; Wong Kee Joo, chief executive officer of HSBC Singapore; Dr Loo Choon Yong, executive chairman of Raffles Medical Group; and Harpreet Bindra, chief executive officer of HSBC Life Singapore.

HSBC launches pioneer health and wellness centre; selects Raffles Medical as operator

The partnership gives customers of the bank’s insurance arm additional benefits

Based on current conditions and barring unforeseen circumstances, the board expects the medical group to remain profitable in FY2025.

Raffles Medical H1 profit rises 4.8% to S$32.1 million

It also operates HSBC’s new health and wellness centre, located within the bank’s wealth centre at The Star Vista

At the signing ceremony were (from left): Dr Loo Choon Yong, Raffles Medical Group executive chairman; Minister for Digital Development and Information Josephine Teo; Hu Henghua, mayor of Chongqing; and Wu Hao, the First Affiliated Hospital of Chongqing Municipality party committee secretary.

Raffles Medical partners Chongqing hospital to enhance healthcare services

The partnership will combine international expertise with local strengths, says the group

Starting in April, claim limits for MediShield Life will be raised, and coverage will be expanded to include additional outpatient treatments and new therapies.

Insurers brush off impact of higher MediShield Life premiums, claim limits on Integrated Shield Plan

Companies and association say medical inflation and healthcare consumption are key factors to keeping long-term costs sustainable