IHH Healthcare

Raffles Medical: Superior revenue-generating prime Singapore properties at absurdly under-appraised values. Mark-to-market with fair value gains of S$774m

Nov 27, 2024

SR_opinions

IHH Healthcare, Parkway Life REIT, Raffles Medical Group, RMG, Singapore

Sakura Research is LONG RAFFLES MEDICAL GROUP (SGX:BSL).We think that the fair value of RMG shares should be greater than S$2.60.THE RESEARCH EXPRESSES SOLELY OUR OPINIONS. Viewing and/or use of Sakura Research materials is at your own risk. Executive Summary RMG’s June 2024 net tangible asset value of S$1.012b includes S$316m in cash; and approximately…
Raffles Medical Group: Call for Strategic Review, Part II – Greater China Investments (SGX:BSL)

Nov 27, 2024

SR_opinions

IHH Healthcare, Raffles Hospital, Raffles Medical Group, RMG, Singapore

Greater China Operations with Massive Accumulated Losses: Pursuit of Sustainable & Profitable Growth amid Succession Planning.Sakura Research is LONG RAFFLES MEDICAL GROUP (SGX:BSL).We think that the fair value of RMG shares should be greater than S$2.60.TERMS APPLY. OPINIONS ONLY. EXECUTIVE SUMMARY Since 2017, RMG has been making investments outside Singapore, primarily in Greater China, where…