Brokers' take
Singapore healthcare DBS Group Research, July 4
HEALTHCARE expenditure is to triple by 2030. With ageing demographics, we project total healthcare expenditure to triple by 2030, rising to S$44 billion from S$17 billion in 2013 at 5.9 per cent compound annual growth rate (CAGR). Personal healthcare expenditure is projected to rise to S$28 billion from S$11 billion in 2013 at 5.7 per cent CAGR. In the long term, the public sector is to bear bulk of demand; private hospitals will have available headroom. Sector valuations are at premium. We upgrade IHH to "buy", (IHH MK; target price: R…
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