Raffles Medical's CFO Appointment Is Welcome News -- Market Talk

Dow Jones
2025/10/01

0140 GMT - Raffles Medical Group's appointment of chief financial officer is welcome news, given the role had been vacant for about 10 months, say DBS Group Research analysts in commentary. They expect the new CFO, Woo Yeng Yeng, to help drive strategic objectives as well as enhance profitability in its operations in China. DBS maintains its buy rating and its target price of S$1.32. It expects the company's business in Singapore to be resilient and its operations in China to post smaller losses. Raffles Medical's shares could also be supported by its buyback program and higher dividend policy, they say. Shares are flat at S$0.98. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

September 30, 2025 21:40 ET (01:40 GMT)

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