Revenue has grown fron S$41.5 mil to S$85.0 mil, a growth of above 100%
Profit has grown even higher, from S$2.4 mil to S$12.9 mil mil, a growth of 433%
Price history
52 weeks high - 49.5 cts
52 weeks low - 27.5 cts
At date of post - 32.0 cts.
Company reported 3Q financial results yesterday ... 11 Nov '19.
Revenue was up while profit was "flat". The "flat" profit could probably
be due to the many investments undertaken by the company earlier
this year. See below:
1. 2 paediatrics clinics
2. 1 O&G clinic
3. 1 aesthetic clinic
4. 1 breast care clinic
Company added 1 new paediatricians and 1 new radiology.
Oversea, company open a 4,000 sg ft aesthetic center in Ho Chi Ming City.
Looking ahead, when all these investments come on stream n after all the
initial costs are accounted for, we are likely to see a much more profitable
years ahead.
Above are just my views. Dyodd.
Vested for the long term.
30-Jan-18 Incorporated a new joint venture, CHA SMG (Australia) Pte. Ltd. (“CSA”)
26-Feb-18 Subscribed to additional shares in CSA CSA acquired 65% equity interests in CFC Global Pty Ltd
1-Mar-18 Opened a new obstetrics and gynaecology clinic, Astra Laparoscopic & Robotic Centre for Women and Fertility, at Paragon Entered into a binding
Term Sheet for the proposed acquisition of an 85% equity interests in Pheniks Pte. Ltd. (“Pheniks”)
2-Apr-18 Opened a new cardiology clinic, Cardiac Centre International, at Paragon
23-Apr-18 Opened a new paediatrics clinic under Kids Clinic at Bedok Point
Completed the acquisition of Pheniks
10-Jul-18 Completed the Rights Issue of 14.3 million ordinary shares
21-Sep-18 Incorporated a new subsidiary, HiDoc Pte. Ltd. (“HiDoc”)
10-Nov-18 Opened a new dental clinic under The Dental Studio at Bishan
7-Jan-19 Opened a new paediatrics clinic under Kids Clinic and a new obstetrics and gynaecology clinic under Astra Women’s Specialists at Oasis Terrace,Punggol
19-Jan-19 Opened a new aesthetics clinic under SW1 Clinic at OUE Downtown Gallery
31-Jan-19 Launched of the new telemedicine Platform by HiDoc
4-Mar-19 Incorporated a new subsidiary, The Breast Clinic Pte. Ltd.
3Q 2019 added a new paediatrician and radiologist in 3Q2019.
last quarter 2019 expects to add a new gynaecologist and two new paediatricians in the last quarter of 2019
At 30.0 cts per share it is trading on a trailing p/e of 11.2 only ... probably the
best value company in the healthcare sector.
Below is a quote taken from SingMedical Annual Report:
Given the Group’s improved financial performance, the Board is considering the possibility of implementing a formal dividend policy in the financial year 2019.
