Get a glimpse of the healthcare sector's expansion plans

Raffles Medical eyes a seven-storey Specialist Centre worth S$100m.

According to OCBC, under our Healthcare sector coverage for the recently concluded 2QCY12 results period, Raffles Medical Group (RMG) reported PATMI which was slightly below expectations, while Biosensors International Group’s (BIG) core earnings were in line with estimates.

Here's more from OCBC:

Both companies’ revenue grew double-digit YoY and matched our expectations, underpinned by robust demand for high-quality curative healthcare services (RMG) and continued market share penetration (BIG). Operating cashflow generated was also substantially higher YoY, allowing RMG and BIG to end the quarter with net cash of S$63.9m and US$306.7m, respectively.

We believe that the strong balance sheets of companies under our Healthcare sector coverage would buttress their abilities to expand their operations despite the current subdued macroeconomic conditions. Although RMG already incurred S$92.08m in capex for a seven storey building in Apr 2011 to house its upcoming Specialist Centre, there are ongoing plans for its Raffles Hospital extension (we estimate development costs and capex of ~S$100m).

In addition, RMG also recently submitted a tender for the development of a private hospital in Hong Kong. If successful, we opine that RMG would likely finance this with a combination of bank borrowings and internal resources. Meanwhile, given BIG’s huge cash pile and goal to transit into a first-class global medical device platform company, we believe that it would likely remain on the lookout for acquisition opportunities to expand its brands portfolio.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia