0553 GMT - Raffles Medical's strong net cash position leaves room for potential mergers and acquisitions, says its bull at CGS International. The Singapore hospital operator's net cash, excluding lease liabilities, was S$261.1 million in 2025, says analyst Tay Wee Kuang in a note. This cash also supports the sustainability of its final and total dividend per share of 3.0 Singapore cents, which offers a dividend yield of around 2.8%, above that of regional peers, he says. The analyst trims his earnings-per-share estimates for 2026-2027 by 0.6%-1.2%, citing a projected decline in finance income. CGSI trims its target price for the stock to S$1.20 from S$1.23 and retains its add rating. Shares drop 1.9% to S$1.05. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 25, 2026 00:53 ET (05:53 GMT)
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