Raffles Medical Could Sustain Earnings Momentum Over 2026-2027 -- Market Talk

Dow Jones
01/23

0211 GMT - Raffles Medical Group likely returned to earnings growth in 2H last year and could sustain the momentum into 2026-2027, says RHB Research's Shekhar Jaiswal in a note. The analyst expects mid-teens expansion over the next two years, driven by a recovery in its Singapore hospitals, easing drag from its China business and stronger insurance profit. He projects 2026 and 2027 core profit to grow 14% and 17%, respectively. The Singapore healthcare company's stock is likely to benefit from share buybacks and its inclusion in the iEdge Next 50 index, which tracks the largest 50 companies outside the benchmark FTSE Straits Times Index. RHB Research maintains its buy rating and S$1.15 target price. Shares are flat at S$1.01.(megan.cheah@wsj.com)

 

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January 22, 2026 21:11 ET (02:11 GMT)

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