Asia300

Raffles Medical Group Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jul 21, 2017
Prev close: 1.29
Jul 21, 2017
Market cap:
Market cap(USD):
2,284.08M
1,673.95M
Shares: 1,770.60M

Currency in SGD

Company profile

Market(Ticker): SES(BSL)
Sector:
Industry:
Health Services
Hospital/Nursing Management
Full time employees: --

Business summary

Raffles Medical Group Ltd. is an investment holding company, which engages in the operation of medical clinics and other general medical services. It operates through the following segments: Healthcare Services, Hospital Services, and Investment Holdings. The Healthcare Services segment includes the management of medical clinics; provision of healthy insurance, and management and consultancy services; and trading of pharmaceutical and nutraceutical products and diagnostic equipment. The Hospital Services segment provides specialized medical services and operates hospital and business of medical laboratory and imaging centre. The company was founded by Yong Loo Choon and Alfred Loh in 1976 and is headquartered in Singapore.

Company background

Raffles Medical Group is the largest private medical service operator in Singapore. It operates over 100 multidisciplinary clinics across Singapore, as well as medical centers in Hong Kong and Shanghai. Its renowned medical tourism business is supported by its flagship facility Raffles Hospital, located adjacent to the central business district in the city-state. Specialized clinics with highly-skilled doctors recruited from all over the world attract patients globally.

Raffles Medical started in 1976 when Dr. Loo Choon Yong, co-founder and current executive chairman, and his classmate Dr. Alfred Loh, set up two private clinics in the financial district and tourist district of Singapore. The company went public in 1997. Loo is the second-largest shareholder of the group, after the holding company Raffles Medical Holdings. The group is expanding capacity. In Singapore, the group plans to open additional hospital space on newly-acquired land adjacent to Raffles Hospital in 2016. It is also developing a five-story commercial building housing medical clinics and retail shops in western Singapore, which it plans to open the same year. Overseas, the group is focusing on growth in China and Hong Kong, with plans to develop and operate hospitals offering tertiary care in Shenzhen and Shanghai.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 473.60M
Gross profit 125.55M
Operating income 78.57M
Income before tax 82.93M
Net income 70.21M
EBITDA 93.23M
Diluted EPS 0.04
Dividends per share 0.02
Total assets 900.63M
Total liabilities 218.78M
Total equity 666.38M
Operating cash flow 80.04M

Currency in SGD

Revenue 343.03M
Gross profit 90.94M
Operating income 56.90M
Income before tax 60.06M
Net income 50.85M
EBITDA 67.53M
Diluted EPS 0.02
Dividends per share 0.01
Total assets 623.40M
Total liabilities 151.44M
Total equity 461.26M
Operating cash flow 57.97M

Currency in USD

Valuation measures

Dec 2016

PER 35.39
ROA 8.18%
ROE 11.06%
Operating margin 16.58%
Profit margin 14.82%

Key executive

  • Chief Financial Officer: Ann Nee Goh
  • Director-Information Technology & Head-IT: Kah Ling Teo
  • Senior Clinical Director-Raffles Medical: Alfred Loh
  • Chief Corporate Officer: Prem Kumar Nair
  • Director-Corporate Development: Lawrence Lim

Share holders

  • LOO CHOON YONG(47.8%)
  • Aberdeen Asset Management (Asia) Ltd.(3.9%)
  • S&D Holdings Pte Ltd.(3.1%)
  • FIL Investment Management (Singapore) Ltd.(2.1%)
  • FIL Investment Management (Hong Kong) Ltd.(1.6%)
  • First State Investment Management (UK) Ltd.(1.4%)
  • The Vanguard Group, Inc.(1.0%)
  • Norges Bank Investment Management(0.7%)
  • TAN TIANG LEE(0.7%)
  • First State Investments (Singapore)(0.4%)

Address

  • Website: http://www.rafflesmedicalgroup.com
  • Address: No. 11-00, Raffles Hospital, 585 North Bridge Road, Singapore, 188770, Singapore
  • Phone: +65.6311.1111

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