M&A deals drive 50% rally in healthcare stocks over past year
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
HEALTHCARE stocks in Singapore have rewarded investors with an average 50 per cent gain in the past year, a rally that may continue as companies acquire local clinics to expand in the region's medical-care market.
Singapore Medical Group has more than doubled since August when it announced the purchase of a radiology centre, while Singapore O&G Ltd - which runs gynaecology centres - has surged 73 per cent in the past 12 months. That has helped an index of nine medical services providers worth less than S$1 billion climb three times as much the benchmark Straits Times Index (STI).
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
