Raffles Medical Group Likely Entering Stronger Growth Phase -- Market Talk

Dow Jones

02/24

0318 GMT - Raffles Medical Group is likely entering a stronger growth phase in 2026-2027, RHB Research's Shekhar Jaiswal says in a report. The recovery in its Singapore-based hospitals may extend on specialist-led volumes and supportive insurer-panel flow, while the losses at its China-based clinics could continue to narrow, the analyst says. The Singapore-listed healthcare provider's margins should also remain resilient on measured price increases and tech-driven productivity gains, offsetting wage inflation. RHB Research raises the stock's target price to S$1.30 from S$1.15 to reflect a valuation rollover, with its buy rating unchanged. Shares are 0.9% higher at S$1.08. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 23, 2026 22:18 ET (03:18 GMT)

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