SINGAPORE (Oct 25): Healthcare provider Raffles Medical Group is expanding — and quickly. Raffles Medical had also recently-acquired International SOS (ISOS), a healthcare provider with 10 clinics across China, Vietnam and Cambodia. RHB is keeping its “buy” recommendation on Raffles Medical with a higher target price of S$1.76, from S$1.70 previously. DBS is maintaining its “hold” recommendation on Raffles Medical with an unchanged target price of S$1.43. Chow says that excluding ISOS, Raffles Medical's operating profit in 3Q16 would have grown by 4.5%, instead of 0.3%.

Source: The Edge Markets October 25, 2016 08:26 UTC