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Stocks to watch: Healthway, Raffles Medical, AGV
THESE stocks had announcements which may influence trading on Monday.
Healthway Medical Corporation: Lippo-linked Gentle Care has entered into a sales and purchase agreement to buy up S$15 million of the S$60 million convertible notes issued to Gateway Partners by Healthway Medical Corporation (HMC), following the approval obtained during HMC's extraordinary general meeting on Friday.
Raffles Medical Group: Its net profit edged up 0.1 per cent to S$15.5 million in the first quarter of 2017, despite lower revenue. For the three months ended March 31, revenue dipped 1.7 per cent to S$114.9 million from the year-ago period. The marginal decline in revenue was due partly to softer than expected demand from foreign patients, it said.
AGV Group Limited: The catalist-listed company, which provides hot-dip galvanising services in Singapore and Malaysia, has clinched new contracts for some 29,000 tonnes of steel and iron for several public and private sector projects, including Seletar Airport and a mega oil refinery in Johor.