0638 GMT - Raffles Medical Group likely has the ability to enhance shareholder returns, CGS International's Tay Wee Kuang says in a research report. Given its net cash position of around S$283 million as of 1H 2025, the healthcare provider could boost shareholder returns via ways such as special dividends, the analyst says. With 2026 as the Singapore-listed company's 50th anniversary, it could augment its core dividend of 2.5 Singapore cents with additional 2.5 Singapore cents to bring 2025's dividend to 5.0 Singapore cents. The brokerage raises the stock's target price to S$1.23 from S$1.20 to reflect a valuation roll-forward, with an unchanged add rating. Shares are unchanged at S$1.01. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 06, 2026 01:38 ET (06:38 GMT)
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