Raffles Medical shares rise on strong H1 results
Counter ends Monday at four-year high of S$1.32
Add BT as a preferred sourceClaudia Tan HS &
Yong Jun Yuan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHARES of Raffles Medical Group advanced on Monday after it posted a strong set of earnings for the six months ended June 30, even as the outlook for medical tourism - which used to account for about 30 per cent of the group's revenue - remains less than rosy.
The counter ended Monday at a four-year high of S$1.32, gaining S$0.11 or 9.1 per cent. Year-to-date, shares of Raffles Medical are up 32.7 per cent.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
