Brokers' take

Singapore Medical Group | Buy April 24 close: S$0.60 Target price: S$0.79 RHB, April 24

Singapore Medical Group (SMG) announced the acquisition of two paediatric clinics in Toa Payoh and Bishan for S$25.3 million, with a profit guarantee of S$2.3 million pa implying a valuation of 11x P/E (price/earnings ratio). This acquisition - to be funded by an issuance of 21 million of new shares at S$0.54/share and S$13.9 million cash - would be done in three tranches. It also marks the group's initial foray into paediatrics that would provide synergies and cross-selling opportunities to its obstetrics & gynaecology segment.

CapitaLand Retail China Trust | Buy April 24 close: S$1.495 Target price: S$1.68 DBS Group Research, April 24