Raffles Medical Group
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Sakura Research: Calling for Transparency and Accountability at RMG December 2, 2024 Mail To:Loh Boon ChyeCEO, SGX Group2 Shenton Way, #02-02 SGX Centre 1 Singapore 068804 David GeraldPresident & CEOSecurities Investors Association (Singapore) 7 Maxwell Road #05-03MND Building Annexe BSingapore 069111 Karen Lee Shu PeiAudit Partner, KPMG LLP 12 Marina View #15-01 Asia Square Tower…
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Nov 28, 2024 Raffles Medical Group Ltd 585 North Bridge Road Raffles Hospital #11-00 Singapore 188770 Dear Members of the Board: This letter is prepared by Sakura Research, a minority shareholder in Raffles Medical Group (the “Group” or “RMG”), in support of a shareholder-focused initiative aimed at enhancing value creation at the Group. Raffles Medical…
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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…
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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…
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Raffles Health Insurance: Capital-Intensive Operations with High Risk and a History of Losses.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. The Group’s Founder/Executive Director and the majority shareholder, Dr Loo Choon Yong, has been Chairman of Raffles Health Insurance…