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Stocks to watch: Healthway, Raffles Medical, AGV

Healthway Medical Corp
Healthway Medical Corporation (HMC) on Wednesday announced two appointments after trading hours.

THESE stocks had announcements which may influence trading on Monday.

Healthway Medical Corporation: Lippo-linked Gentle Care has entered into a sales and purchase agreement to buy up S$15 million of the S$60 million convertible notes issued to Gateway Partners by Healthway Medical Corporation (HMC), following the approval obtained during HMC's extraordinary general meeting on Friday.

Raffles Medical Group: Its net profit edged up 0.1 per cent to S$15.5 million in the first quarter of 2017, despite lower revenue. For the three months ended March 31, revenue dipped 1.7 per cent to S$114.9 million from the year-ago period. The marginal decline in revenue was due partly to softer than expected demand from foreign patients, it said.

AGV Group Limited: The catalist-listed company, which provides hot-dip galvanising services in Singapore and Malaysia, has clinched new contracts for some 29,000 tonnes of steel and iron for several public and private sector projects, including Seletar Airport and a mega oil refinery in Johor.

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