Brokers' take

Health Management International | Buy (maintained) Feb 13 close: S$0.55 Target price: S$0.73 UOB Kay Hian Research, Feb 13

Core net profit of RM31.3 million (S$10.4 million) is in line with expectations, coming in at 51.6 per cent of our full-year estimate.

HMI recently acquired a stake in Plus Medical Holdings, a clinic group which operates 16 primary care clinics in Singapore. The clinic group is in its initial stages of growth and is poised to increase its network.