Raffles Medical's Healthcare Services Segment Could Weigh on Core Earnings

Dow Jones

Jul 28

0310 GMT - Raffles Medical's healthcare services segment is likely to weigh on its core net profit over 2026-2028, says Maybank Securities' Eric Ong in a note. Lower occupancy at transitional care facilities in Singapore weighed on the company's 1H healthcare services segment's revenue, which fell around 16% from a year earlier and came as an unpleasant surprise to the analyst. He cuts his 2026-2028 core net profit projections by 16%-18% to factor in slower run rate and margins for the Singapore hospital operator's healthcare services business. Maybank Securities cuts its target price to 1.09 Singapore dollars from S$1.20 but retains its buy rating. Shares are flat at S$0.91. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 27, 2026 23:10 ET (03:10 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2654027223"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2654027223\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2654027223?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-28 11:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2654027223","market":"other","top_or_hot":-1,"title":"Raffles Medical's Healthcare Services Segment Could Weigh on Core Earnings","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0310 GMT - Raffles Medical's healthcare services segment is likely to weigh on its core net profit over 2026-2028, says Maybank Securities' Eric Ong in a note. Lower occupancy at transitional care facilities in Singapore weighed on the company's 1H healthcare services segment's revenue, which fell around 16% from a year earlier and came as an unpleasant surprise to the analyst. He cuts his 2026-2028 core net profit projections by 16%-18% to factor in slower run rate and margins for the Singapore hospital operator's healthcare services business. Maybank Securities cuts its target price to 1.09 Singapore dollars from S$1.20 but retains its buy rating. Shares are flat at S$0.91. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 27, 2026 23:10 ET (03:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Raffles Medical's Healthcare Services Segment Could Weigh on Core Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRaffles Medical's Healthcare Services Segment Could Weigh on Core Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-28 11:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0310 GMT - Raffles Medical's healthcare services segment is likely to weigh on its core net profit over 2026-2028, says Maybank Securities' Eric Ong in a note. Lower occupancy at transitional care facilities in Singapore weighed on the company's 1H healthcare services segment's revenue, which fell around 16% from a year earlier and came as an unpleasant surprise to the analyst. He cuts his 2026-2028 core net profit projections by 16%-18% to factor in slower run rate and margins for the Singapore hospital operator's healthcare services business. Maybank Securities cuts its target price to 1.09 Singapore dollars from S$1.20 but retains its buy rating. Shares are flat at S$0.91. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 27, 2026 23:10 ET (03:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HCSG","symbol_name":"Healthcare Svcs Group Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2654027223","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2654027223","pubTimestamp":1785208200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0310 GMT - Raffles Medical's healthcare services segment is likely to weigh on its core net profit over 2026-2028, says Maybank Securities' Eric Ong in a note. Lower occupancy at transitional care facilities in Singapore weighed on the company's 1H healthcare services segment's revenue, which fell around 16% from a year earlier and came as an unpleasant surprise to the analyst. He cuts his 2026-2028 core net profit projections by 16%-18% to factor in slower run rate and margins for the Singapore hospital operator's healthcare services business. Maybank Securities cuts its target price to 1.09 Singapore dollars from S$1.20 but retains its buy rating. Shares are flat at S$0.91.  Dow Jones NewswiresJuly 27, 2026 23:10 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HCSG":"Healthcare Svcs Group Inc","XLV":"健康照护类股ETF-SPDR","BSL.SI":"莱佛士医疗"},"translate_title":"莱佛士医疗的医疗保健服务部门可能会给核心盈利带来压力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSL.SI":1.5,"XLV":1.5,"HCSG":1.5},"content_text":"0310 GMT - Raffles Medical's healthcare services segment is likely to weigh on its core net profit over 2026-2028, says Maybank Securities' Eric Ong in a note. Lower occupancy at transitional care facilities in Singapore weighed on the company's 1H healthcare services segment's revenue, which fell around 16% from a year earlier and came as an unpleasant surprise to the analyst. He cuts his 2026-2028 core net profit projections by 16%-18% to factor in slower run rate and margins for the Singapore hospital operator's healthcare services business. Maybank Securities cuts its target price to 1.09 Singapore dollars from S$1.20 but retains its buy rating. Shares are flat at S$0.91. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 27, 2026 23:10 ET (03:10 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}